HEICO Co. (NYSE:HEI) Position Lifted by EULAV Asset Management

EULAV Asset Management grew its stake in shares of HEICO Co. (NYSE:HEI - Free Report) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 402,193 shares of the aerospace company's stock after purchasing an additional 19,200 shares during the quarter. HEICO makes up 2.6% of EULAV Asset Management's portfolio, making the stock its 7th largest holding. EULAV Asset Management owned about 0.29% of HEICO worth $105,165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Advisors Asset Management Inc. lifted its position in HEICO by 3.4% in the third quarter. Advisors Asset Management Inc. now owns 18,334 shares of the aerospace company's stock worth $4,794,000 after purchasing an additional 604 shares during the period. Accredited Investors Inc. bought a new position in shares of HEICO in the third quarter valued at $259,000. KPP Advisory Services LLC bought a new position in shares of HEICO in the third quarter valued at $229,000. MQS Management LLC bought a new position in shares of HEICO in the third quarter valued at $284,000. Finally, Rakuten Securities Inc. acquired a new stake in HEICO during the 3rd quarter valued at $81,000. 27.12% of the stock is owned by institutional investors.

HEICO Trading Up 1.7 %

NYSE HEI traded up $4.57 on Wednesday, hitting $277.35. The company's stock had a trading volume of 359,611 shares, compared to its average volume of 385,182. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63. HEICO Co. has a 1-year low of $167.56 and a 1-year high of $281.15. The company's 50-day moving average is $260.29 and its 200 day moving average is $240.30. The firm has a market cap of $38.44 billion, a PE ratio of 79.99, a PEG ratio of 3.28 and a beta of 1.23.

HEICO (NYSE:HEI - Get Free Report) last released its quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 earnings per share (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 for the quarter, compared to analysts' expectations of $995.34 million. During the same quarter in the prior year, the firm earned $0.77 EPS. The business's revenue was up 37.3% on a year-over-year basis. As a group, analysts predict that HEICO Co. will post 3.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on HEI. Barclays began coverage on shares of HEICO in a research note on Monday, August 19th. They set an "equal weight" rating and a $250.00 target price on the stock. Morgan Stanley upped their price target on shares of HEICO from $245.00 to $265.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. Robert W. Baird increased their target price on shares of HEICO from $243.00 to $280.00 and gave the company an "outperform" rating in a research note on Wednesday, August 28th. Benchmark reiterated a "buy" rating and issued a $245.00 target price on shares of HEICO in a research note on Tuesday, August 27th. Finally, Royal Bank of Canada increased their price target on shares of HEICO from $250.00 to $272.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, HEICO currently has an average rating of "Moderate Buy" and an average target price of $270.70.

Insiders Place Their Bets

In related news, Director Frank J. Schwitter bought 475 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average cost of $252.26 per share, for a total transaction of $119,823.50. Following the completion of the transaction, the director now owns 1,730 shares of the company's stock, valued at approximately $436,409.80. The trade was a 37.85 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan Schriesheim purchased 724 shares of the business's stock in a transaction on Friday, October 18th. The shares were acquired at an average price of $262.94 per share, with a total value of $190,368.56. Following the completion of the transaction, the director now owns 174,878 shares of the company's stock, valued at approximately $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. Insiders have bought a total of 2,650 shares of company stock valued at $691,718 in the last 90 days. 8.10% of the stock is currently owned by corporate insiders.

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.