Seven Eight Capital LP Buys Shares of 1,893 HEICO Co. (NYSE:HEI)

Seven Eight Capital LP bought a new position in HEICO Co. (NYSE:HEI - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,893 shares of the aerospace company's stock, valued at approximately $423,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HEI. Andra AP fonden acquired a new stake in HEICO in the second quarter valued at $45,000. Center for Financial Planning Inc. acquired a new stake in shares of HEICO in the second quarter valued at about $52,000. American National Bank bought a new position in shares of HEICO during the second quarter worth about $66,000. Strategic Financial Concepts LLC acquired a new position in shares of HEICO in the second quarter worth approximately $67,000. Finally, FSC Wealth Advisors LLC bought a new stake in HEICO in the second quarter valued at approximately $73,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on HEI shares. Morgan Stanley upgraded shares of HEICO from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $178.00 to $225.00 in a report on Tuesday, June 4th. Robert W. Baird boosted their target price on shares of HEICO from $243.00 to $280.00 and gave the company an "outperform" rating in a report on Wednesday, August 28th. Royal Bank of Canada boosted their price objective on HEICO from $250.00 to $272.00 and gave the company an "outperform" rating in a research note on Wednesday, August 28th. Barclays assumed coverage on HEICO in a research report on Monday, August 19th. They set an "equal weight" rating and a $250.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on HEICO from $235.00 to $271.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $263.56.

Insider Buying and Selling

In other HEICO news, insider Eric A. Mendelson sold 53,510 shares of the firm's stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $182.02, for a total transaction of $9,739,890.20. Following the transaction, the insider now directly owns 168,891 shares in the company, valued at approximately $30,741,539.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Eric A. Mendelson sold 8,864 shares of the company's 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 of the company's stock, valued at $40,152,276.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Eric A. Mendelson sold 53,510 shares of HEICO stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $182.02, for a total value of $9,739,890.20. Following the sale, the insider now owns 168,891 shares in the company, valued at $30,741,539.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,374 shares of company stock worth $15,061,997. 8.10% of the stock is owned by corporate insiders.

HEICO Stock Up 0.8 %

Shares of HEICO stock traded up $2.15 during trading hours on Monday, reaching $267.96. The company's stock had a trading volume of 295,152 shares, compared to its average volume of 382,268. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. The stock's fifty day simple moving average is $242.58 and its two-hundred day simple moving average is $220.79. The company has a market capitalization of $37.11 billion, a P/E ratio of 84.42, a P/E/G ratio of 3.61 and a beta of 1.22. HEICO Co. has a one year low of $155.42 and a one year high of $269.38.

HEICO (NYSE:HEI - Get Free Report) last issued its quarterly earnings data 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 return on equity of 14.51% and a net margin of 12.64%. The firm had revenue of $992.20 million during the quarter, compared to analyst estimates of $995.34 million. During the same period in the previous year, the company posted $0.77 EPS. The company's revenue for the quarter was up 37.3% on a year-over-year basis. On average, research analysts forecast that HEICO Co. will post 3.63 earnings per share for the current year.

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.