Hilltop Holdings Inc. purchased a new position in shares of HEICO Co. (NYSE:HEI - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,674 shares of the aerospace company's stock, valued at approximately $699,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HEI. AGF Management Ltd. grew its position in shares of HEICO by 61.7% during the second quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company's stock worth $212,417,000 after acquiring an additional 362,625 shares during the last quarter. Vantage Investment Partners LLC acquired a new stake in shares of HEICO during the second quarter worth $26,993,000. Driehaus Capital Management LLC lifted its holdings in shares of HEICO by 66.0% during 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 period. Strategic Financial Concepts LLC purchased a new position in HEICO in the 2nd quarter valued at $67,000. Finally, EULAV Asset Management increased its stake in HEICO by 5.0% in the 3rd quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company's stock valued at $105,165,000 after buying an additional 19,200 shares during the period. 27.12% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on HEI shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of HEICO from $235.00 to $271.00 and gave the company a "buy" rating in a report on Wednesday, September 4th. Robert W. Baird lifted their price objective on HEICO from $243.00 to $280.00 and gave the company an "outperform" rating in a report on Wednesday, August 28th. UBS Group began coverage on HEICO in a research note on Tuesday, October 15th. They set a "neutral" rating and a $277.00 target price for the company. Bank of America raised their price target on HEICO from $250.00 to $285.00 and gave the company a "buy" rating in a report on Thursday, September 19th. Finally, Royal Bank of Canada upped their price objective on HEICO from $250.00 to $272.00 and gave the stock an "outperform" rating in a 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $270.70.
Read Our Latest Analysis on HEICO
HEICO Price Performance
HEICO stock traded down $5.34 during trading hours on Friday, hitting $263.73. The stock had a trading volume of 466,012 shares, compared to its average volume of 385,378. HEICO Co. has a 1-year low of $169.70 and a 1-year high of $283.60. The stock has a market capitalization of $36.55 billion, a price-to-earnings ratio of 77.19, a PEG ratio of 3.25 and a beta of 1.24. The stock's fifty day moving average is $263.04 and its two-hundred day moving average is $245.00. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47.
Insider Buying and Selling
In other news, Director Alan Schriesheim sold 332 shares of the company's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $201.63, for a total value of $66,941.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Victor H. Mendelson acquired 726 shares of the company's 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 $190,894.44. Following the transaction, the insider now owns 1,234,950 shares in the company, valued at $324,717,753. This represents a 0.06 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 2,175 shares of company stock worth $571,895 in the last three months. Corporate insiders own 8.10% of the company's stock.
About HEICO
(
Free Report)
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.
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