HEICO Co. (NYSE:HEI) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd decreased its position in shares of HEICO Co. (NYSE:HEI - Free Report) by 30.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,963 shares of the aerospace company's stock after selling 2,170 shares during the period. Dynamic Technology Lab Private Ltd's holdings in HEICO were worth $1,298,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HEI. Silvercrest Asset Management Group LLC grew its stake in shares of HEICO by 13.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 12,204 shares of the aerospace company's stock worth $2,331,000 after buying an additional 1,406 shares in the last quarter. Virtu Financial LLC raised its holdings in HEICO by 148.8% during the 1st quarter. Virtu Financial LLC now owns 5,449 shares of the aerospace company's stock valued at $1,041,000 after buying an additional 3,259 shares during the period. Verity Asset Management Inc. lifted its position in HEICO by 2.2% in the first quarter. Verity Asset Management Inc. now owns 6,400 shares of the aerospace company's stock worth $1,222,000 after buying an additional 139 shares during the last quarter. EULAV Asset Management boosted its stake in HEICO by 23.4% during the first quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company's stock worth $67,250,000 after buying an additional 66,800 shares during the period. Finally, Dudley & Shanley Inc. increased its position in HEICO by 6.3% during the second quarter. Dudley & Shanley Inc. now owns 19,550 shares of the aerospace company's stock valued at $4,372,000 after acquiring an additional 1,150 shares during the last quarter. 27.12% of the stock is owned by institutional investors.

HEICO Stock Down 1.6 %

HEICO stock traded down $4.41 during midday trading on Wednesday, hitting $271.45. 440,638 shares of the company's stock were exchanged, compared to its average volume of 386,015. HEICO Co. has a 12 month low of $167.56 and a 12 month high of $283.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. The company has a market cap of $37.62 billion, a PE ratio of 79.88, a P/E/G ratio of 3.35 and a beta of 1.23. The firm has a 50-day moving average of $262.13 and a two-hundred day moving average of $242.61.

HEICO (NYSE:HEI - Get Free Report) last issued its quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.05. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The company had revenue of $992.20 million during the quarter, compared to the consensus estimate of $995.34 million. During the same quarter in the previous year, the firm posted $0.77 earnings per share. HEICO's revenue for the quarter was up 37.3% compared to the same quarter last year. As a group, analysts expect that HEICO Co. will post 3.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Alan Schriesheim sold 332 shares of the business's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $201.63, for a total transaction of $66,941.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victor H. Mendelson purchased 726 shares of the business's stock in a transaction on Friday, October 18th. The stock was purchased at an average cost of $262.94 per share, for a total transaction of $190,894.44. Following the completion of the acquisition, the insider now directly owns 1,234,950 shares of the company's stock, valued at approximately $324,717,753. The trade was a 0.06 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 2,650 shares of company stock worth $691,718 in the last three months. 8.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HEI has been the subject of a number of recent analyst reports. Bank of America lifted their price target on shares of HEICO from $250.00 to $285.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Morgan Stanley increased their price target on HEICO from $245.00 to $265.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on HEICO from $235.00 to $271.00 and gave the company a "buy" rating in a report on Wednesday, September 4th. Royal Bank of Canada increased their target price on HEICO from $250.00 to $272.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 28th. Finally, UBS Group assumed coverage on shares of HEICO in a research note on Tuesday, October 15th. They set a "neutral" rating and a $277.00 target price for the company. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.