IHT Wealth Management LLC Increases Stock Position in HEICO Co. (NYSE:HEI)

IHT Wealth Management LLC boosted its holdings in HEICO Co. (NYSE:HEI - Free Report) by 51.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,497 shares of the aerospace company's stock after buying an additional 2,534 shares during the period. IHT Wealth Management LLC's holdings in HEICO were worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hilltop Holdings Inc. purchased a new position in shares of HEICO in the third quarter valued at $699,000. Holocene Advisors LP boosted its stake in HEICO by 5.8% in the 3rd quarter. Holocene Advisors LP now owns 4,821 shares of the aerospace company's stock worth $1,261,000 after purchasing an additional 263 shares during the period. Centiva Capital LP grew its holdings in HEICO by 149.3% during the 3rd quarter. Centiva Capital LP now owns 9,113 shares of the aerospace company's stock valued at $2,383,000 after buying an additional 5,457 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of HEICO by 388.3% during the third quarter. Benjamin Edwards Inc. now owns 5,752 shares of the aerospace company's stock valued at $1,504,000 after buying an additional 4,574 shares during the period. Finally, Atom Investors LP purchased a new stake in shares of HEICO in the third quarter worth about $1,129,000. Institutional investors own 27.12% of the company's stock.

HEICO Price Performance

Shares of HEI traded down $0.79 during midday trading on Thursday, reaching $269.07. The stock had a trading volume of 521,801 shares, compared to its average volume of 385,033. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $37.29 billion, a price-to-earnings ratio of 78.50, a price-to-earnings-growth ratio of 3.25 and a beta of 1.24. The company's 50-day moving average is $262.89 and its 200 day moving average is $244.83. HEICO Co. has a 12-month low of $169.70 and a 12-month high of $283.60.

Insider Buying and Selling

In related news, insider Victor H. Mendelson acquired 726 shares of the firm's stock in a transaction dated Friday, October 18th. The shares were purchased at an average price of $262.94 per share, for a total transaction of $190,894.44. Following the completion of the acquisition, the insider now owns 1,234,950 shares in the company, valued at approximately $324,717,753. This represents a 0.06 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Laurans A. Mendelson bought 725 shares of the stock in a transaction dated Friday, October 18th. The stock was bought at an average cost of $262.94 per share, with a total value of $190,631.50. Following the purchase, the chief executive officer now owns 929,984 shares in the company, valued at $244,529,992.96. The trade was a 0.08 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 2,175 shares of company stock worth $571,895 in the last quarter. 8.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on HEI. Barclays started coverage on shares of HEICO in a research note on Monday, August 19th. They set an "equal weight" rating and a $250.00 price objective for the company. Robert W. Baird boosted their price target on shares of HEICO from $243.00 to $280.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Benchmark reiterated a "buy" rating and issued a $245.00 price objective on shares of HEICO in a research report on Tuesday, August 27th. Morgan Stanley boosted their target price on HEICO from $245.00 to $265.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Finally, 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.