Axa S.A. Has $22.80 Million Stock Position in HEICO Co. (NYSE:HEI)

AXA S.A. grew its stake in shares of HEICO Co. (NYSE:HEI - Free Report) by 11.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 101,980 shares of the aerospace company's stock after buying an additional 10,143 shares during the period. AXA S.A. owned 0.07% of HEICO worth $22,804,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Capital World Investors boosted its position in HEICO by 10.5% during the 4th quarter. Capital World Investors now owns 3,276,326 shares of the aerospace company's stock worth $586,036,000 after purchasing an additional 311,304 shares during the period. AGF Management Ltd. boosted its position in HEICO by 61.7% during the 2nd quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company's stock worth $212,417,000 after purchasing an additional 362,625 shares during the period. EULAV Asset Management boosted its position in HEICO by 23.4% during the 1st quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company's stock worth $67,250,000 after purchasing an additional 66,800 shares during the period. TCW Group Inc. boosted its position in HEICO by 3.0% during the 2nd quarter. TCW Group Inc. now owns 200,008 shares of the aerospace company's stock worth $44,724,000 after purchasing an additional 5,779 shares during the period. Finally, Vantage Investment Partners LLC purchased a new stake in HEICO during the 2nd quarter worth $26,993,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HEICO

In other news, Director Frank J. Schwitter purchased 475 shares of HEICO stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average price of $252.26 per share, for a total transaction of $119,823.50. Following the transaction, the director now owns 1,730 shares in the company, valued at $436,409.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Frank J. Schwitter purchased 475 shares of HEICO stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average price of $252.26 per share, for a total transaction of $119,823.50. Following the transaction, the director now owns 1,730 shares in the company, valued at $436,409.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eric A. Mendelson sold 8,864 shares of the company's stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the completion of the sale, the insider now owns 222,401 shares of the company's stock, valued at approximately $40,152,276.54. The disclosure for this sale can be found here. Insiders sold a total of 82,374 shares of company stock valued at $15,061,997 over the last ninety days. Insiders own 8.10% of the company's stock.

HEICO Price Performance

HEI stock traded down $1.94 on Friday, hitting $259.32. 446,767 shares of the company's stock traded hands, compared to its average volume of 381,850. HEICO Co. has a 1-year low of $155.42 and a 1-year high of $269.38. The stock has a market cap of $35.94 billion, a price-to-earnings ratio of 81.61, a P/E/G ratio of 3.79 and a beta of 1.22. The stock has a fifty day moving average of $245.58 and a 200-day moving average of $222.46. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63.

HEICO (NYSE:HEI - Get Free Report) last released its earnings results on Monday, August 26th. The aerospace company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The business had revenue of $992.20 million during the quarter, compared to analyst estimates of $995.34 million. During the same period in the prior year, the business earned $0.77 earnings per share. The business's quarterly revenue was up 37.3% on a year-over-year basis. On average, analysts forecast that HEICO Co. will post 3.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HEI has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price objective on shares of HEICO from $250.00 to $272.00 and gave the stock an "outperform" rating in a report on Wednesday, August 28th. Robert W. Baird boosted their price objective on shares of HEICO from $243.00 to $280.00 and gave the stock an "outperform" rating in a report on Wednesday, August 28th. Truist Financial boosted their price objective on shares of HEICO from $248.00 to $264.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. Morgan Stanley upgraded shares of HEICO from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $178.00 to $225.00 in a report on Tuesday, June 4th. Finally, Stifel Nicolaus boosted their price objective on shares of HEICO from $250.00 to $280.00 and gave the stock a "buy" rating in a report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $263.56.

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.