Groupama Asset Managment Has $34,000 Stock Holdings in HEICO Co. (NYSE:HEI)

Groupama Asset Managment cut its stake in HEICO Co. (NYSE:HEI - Free Report) by 15.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,046 shares of the aerospace company's stock after selling 2,468 shares during the period. Groupama Asset Managment's holdings in HEICO were worth $34,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Andra AP fonden acquired a new stake in shares of HEICO in the 2nd quarter worth about $45,000. Center for Financial Planning Inc. acquired a new position in shares of HEICO during the second quarter worth approximately $52,000. American National Bank bought a new position in HEICO in the 2nd quarter worth approximately $66,000. Strategic Financial Concepts LLC acquired a new stake in HEICO in the 2nd quarter valued at approximately $67,000. Finally, FSC Wealth Advisors LLC bought a new stake in HEICO during the 2nd quarter valued at $73,000. 27.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus upped their price objective on shares of HEICO from $250.00 to $280.00 and gave the stock a "buy" rating in a report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of HEICO from $235.00 to $271.00 and gave the company a "buy" rating in a report on Wednesday, September 4th. Barclays started coverage on HEICO in a report on Monday, August 19th. They set an "equal weight" rating and a $250.00 target price on the stock. 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. Finally, UBS Group assumed coverage on HEICO in a report on Tuesday, October 15th. They issued a "neutral" rating and a $277.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $270.70.

Insider Buying and Selling at HEICO

In other HEICO news, insider Victor H. Mendelson acquired 726 shares of the firm'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 transaction, the insider now owns 1,234,950 shares of the company's stock, valued at $324,717,753. The trade was a 0.06 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan Schriesheim bought 724 shares of the company's stock in a transaction dated Friday, October 18th. The stock was acquired at an average price of $262.94 per share, for a total transaction of $190,368.56. Following the acquisition, the director now directly owns 174,878 shares in the company, valued at $45,982,421.32. This trade represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 2,175 shares of company stock valued at $571,895. 8.10% of the stock is currently owned by corporate insiders.

HEICO Trading Up 0.2 %

Shares of NYSE:HEI traded up $0.60 during midday trading on Tuesday, reaching $256.08. The company had a trading volume of 323,212 shares, compared to its average volume of 386,964. The company has a fifty day simple moving average of $262.89 and a two-hundred day simple moving average of $246.30. The firm has a market cap of $35.49 billion, a price-to-earnings ratio of 75.10, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. HEICO Co. has a 1-year low of $169.70 and a 1-year 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.

HEICO Company Profile

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.