Robeco Institutional Asset Management B.V. Increases Position in HEICO Co. (NYSE:HEI)

Robeco Institutional Asset Management B.V. lifted its holdings in HEICO Co. (NYSE:HEI - Free Report) by 79.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,662 shares of the aerospace company's stock after acquiring an additional 4,712 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in HEICO were worth $2,788,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HEI. Quadrature Capital Ltd purchased a new position in HEICO during the 1st quarter valued at approximately $2,796,000. Driehaus Capital Management LLC increased its position in HEICO by 66.0% in the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company's stock worth $43,357,000 after purchasing an additional 77,067 shares during the last quarter. AdvisorShares Investments LLC raised its stake in HEICO by 7.4% during the second quarter. AdvisorShares Investments LLC now owns 32,593 shares of the aerospace company's stock valued at $7,190,000 after purchasing an additional 2,244 shares in the last quarter. Virtu Financial LLC lifted its position in HEICO by 148.8% during the first quarter. Virtu Financial LLC now owns 5,449 shares of the aerospace company's stock valued at $1,041,000 after purchasing an additional 3,259 shares during the last quarter. Finally, Motley Fool Asset Management LLC grew its position in HEICO by 287.7% in the first quarter. Motley Fool Asset Management LLC now owns 7,588 shares of the aerospace company's stock worth $1,449,000 after acquiring an additional 5,631 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company's stock.

Insider Buying and Selling at HEICO

In related news, Director Frank J. Schwitter bought 475 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were bought at an average price of $252.26 per share, for a total transaction of $119,823.50. Following the completion of the purchase, the director now directly owns 1,730 shares of the company's stock, valued at approximately $436,409.80. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Alan Schriesheim sold 332 shares of the business's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $201.63, for a total transaction of $66,941.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frank J. Schwitter bought 475 shares of HEICO stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired 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 directly owns 1,730 shares in the company, valued at $436,409.80. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 2,650 shares of company stock valued at $691,718. 8.10% of the stock is currently owned by corporate insiders.

HEICO Stock Up 2.5 %

NYSE:HEI traded up $6.36 during mid-day trading on Friday, reaching $259.47. The company's stock had a trading volume of 428,040 shares, compared to its average volume of 363,959. 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 $160.98 and a 1 year high of $269.38. The stock has a fifty day moving average of $257.84 and a 200-day moving average of $237.25. The firm has a market capitalization of $35.96 billion, a PE ratio of 76.09, a price-to-earnings-growth ratio of 3.17 and a beta of 1.23.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on HEI shares. Deutsche Bank Aktiengesellschaft upped their price objective on HEICO from $235.00 to $271.00 and gave the company a "buy" rating in a research report on Wednesday, September 4th. Royal Bank of Canada raised their price objective on shares of 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 target on shares of HEICO in a research note on Tuesday, August 27th. UBS Group assumed coverage on HEICO in a research note on Tuesday, October 15th. They issued a "neutral" rating and a $277.00 target price on the stock. Finally, Morgan Stanley boosted their target price on shares of HEICO from $245.00 to $265.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, HEICO currently has an average rating of "Moderate Buy" and an average target price of $270.70.

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.