Centiva Capital LP Buys 5,457 Shares of HEICO Co. (NYSE:HEI)

Centiva Capital LP lifted its stake in shares of HEICO Co. (NYSE:HEI - Free Report) by 149.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,113 shares of the aerospace company's stock after purchasing an additional 5,457 shares during the quarter. Centiva Capital LP's holdings in HEICO were worth $2,383,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AGF Management Ltd. boosted its position in shares of HEICO by 61.7% in the second quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company's stock valued at $212,417,000 after acquiring an additional 362,625 shares during the period. EULAV Asset Management increased its holdings in shares of HEICO by 5.0% in the third quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company's stock worth $105,165,000 after purchasing an additional 19,200 shares during the period. TCW Group Inc. raised its position in shares of HEICO by 3.0% in the second quarter. TCW Group Inc. now owns 200,008 shares of the aerospace company's stock worth $44,724,000 after buying an additional 5,779 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in HEICO by 66.0% during the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company's stock valued at $43,357,000 after buying an additional 77,067 shares during the period. Finally, Vantage Investment Partners LLC grew its position in HEICO by 1.4% during the third quarter. Vantage Investment Partners LLC now owns 122,430 shares of the aerospace company's stock worth $32,013,000 after buying an additional 1,717 shares in the last quarter. Institutional investors own 27.12% of the company's stock.

Insider Activity at HEICO

In related news, Director Alan Schriesheim purchased 724 shares of HEICO stock in a transaction that occurred on Friday, October 18th. The shares were bought at an average price of $262.94 per share, with a total value of $190,368.56. Following the purchase, the director now directly owns 174,878 shares of the company's stock, valued at approximately $45,982,421.32. This represents a 0.42 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Victor H. Mendelson bought 726 shares of the company's stock in a transaction on Friday, October 18th. The stock was bought at an average price of $262.94 per share, for a total transaction of $190,894.44. Following the completion of the purchase, the insider now directly owns 1,234,950 shares in the company, valued at approximately $324,717,753. This represents a 0.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 2,175 shares of company stock valued at $571,895 in the last 90 days. Corporate insiders own 8.10% of the company's stock.

HEICO Trading Down 0.2 %

NYSE HEI traded down $0.50 during trading on Tuesday, hitting $268.18. The company had a trading volume of 172,529 shares, compared to its average volume of 384,092. The company's fifty day moving average is $262.70 and its 200-day moving average is $244.29. The company has a market cap of $37.17 billion, a price-to-earnings ratio of 78.37, a price-to-earnings-growth ratio of 3.32 and a beta of 1.24. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. HEICO Co. has a one year low of $169.70 and a one year high of $283.60.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HEI shares. Bank of America lifted their price target on HEICO from $250.00 to $285.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Robert W. Baird increased their target price on HEICO from $243.00 to $280.00 and gave the company an "outperform" rating in a research note on Wednesday, August 28th. Royal Bank of Canada lifted their price target on HEICO from $250.00 to $272.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 28th. Benchmark reissued a "buy" rating and set a $245.00 price objective on shares of HEICO in a report on Tuesday, August 27th. Finally, Barclays began coverage on shares of HEICO in a research report on Monday, August 19th. They set an "equal weight" rating and a $250.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, HEICO currently has an average rating of "Moderate Buy" and an average price target of $270.70.

About HEICO

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.