5,949 Shares in HEICO Co. (NYSE:HEI) Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC bought a new position in HEICO Co. (NYSE:HEI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,949 shares of the aerospace company's stock, valued at approximately $1,330,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HEI. Center for Financial Planning Inc. bought a new stake in HEICO during the second quarter valued at about $52,000. American National Bank purchased a new position in HEICO in the 2nd quarter worth approximately $66,000. Strategic Financial Concepts LLC bought a new position in HEICO in the 2nd quarter worth approximately $67,000. FSC Wealth Advisors LLC purchased a new stake in HEICO during the 2nd quarter valued at approximately $73,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of HEICO in the second quarter worth $100,000. Institutional investors own 27.12% of the company's stock.

HEICO Trading Up 1.2 %

NYSE HEI traded up $3.03 on Monday, hitting $262.38. 396,204 shares of the stock were exchanged, compared to its average volume of 383,513. 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 Co. has a 52-week low of $155.42 and a 52-week high of $262.62. The firm has a market capitalization of $36.34 billion, a P/E ratio of 82.51, a P/E/G ratio of 3.61 and a beta of 1.22. The stock has a fifty day moving average price of $239.62 and a two-hundred day moving average price of $218.78.

HEICO (NYSE:HEI - Get Free Report) last released its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 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 firm had revenue of $992.20 million during the quarter, compared to analysts' expectations of $995.34 million. During the same period in the previous year, the company earned $0.77 EPS. The firm's revenue for the quarter was up 37.3% compared to the same quarter last year. Research analysts forecast that HEICO Co. will post 3.63 EPS for the current fiscal year.

HEICO Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were issued a $0.11 dividend. This represents a dividend yield of 0.1%. This is an increase from HEICO's previous Semi-Annual dividend of $0.07. The ex-dividend date of this dividend was Monday, July 1st. HEICO's dividend payout ratio is presently 6.92%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HEI shares. Barclays assumed 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 for the company. Benchmark reaffirmed a "buy" rating and issued a $245.00 target price on shares of HEICO in a report on Tuesday, August 27th. Morgan Stanley upgraded HEICO from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $178.00 to $225.00 in a research report on Tuesday, June 4th. Bank of America lifted their price objective on HEICO from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, June 24th. Finally, Royal Bank of Canada increased their target price on HEICO from $250.00 to $272.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Three 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, HEICO has a consensus rating of "Moderate Buy" and an average price target of $259.67.

Insider Activity at HEICO

In other HEICO news, insider Eric A. Mendelson sold 8,864 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $180.54, for a total value of $1,600,306.56. Following the sale, the insider now owns 222,401 shares in the company, valued at $40,152,276.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Frank J. Schwitter purchased 475 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price of $252.26 per share, with a total value of $119,823.50. Following the completion of the purchase, the director now owns 1,730 shares of the company's stock, valued at approximately $436,409.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eric A. Mendelson sold 8,864 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $180.54, for a total value of $1,600,306.56. Following the completion of the transaction, the insider now directly owns 222,401 shares in the company, valued at approximately $40,152,276.54. The disclosure for this sale can be found here. Insiders sold a total of 85,206 shares of company stock worth $15,571,927 in the last quarter. 8.10% of the stock is owned by company insiders.

HEICO 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.