9,108 Shares in HEICO Co. (NYSE:HEI) Purchased by Marshall Wace LLP

Marshall Wace LLP acquired a new position in HEICO Co. (NYSE:HEI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,108 shares of the aerospace company's stock, valued at approximately $2,037,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Andra AP fonden acquired a new stake in shares of HEICO in the 2nd quarter worth approximately $45,000. Center for Financial Planning Inc. acquired a new position in shares of HEICO during the 2nd quarter worth $52,000. American National Bank purchased a new stake in shares of HEICO in the 2nd quarter worth about $66,000. Strategic Financial Concepts LLC acquired a new stake in HEICO in the 2nd quarter valued at about $67,000. Finally, FSC Wealth Advisors LLC purchased a new position in HEICO during the 2nd quarter valued at about $73,000. Institutional investors and hedge funds own 27.12% of the company's stock.

HEICO Stock Up 0.4 %

HEICO stock traded up $1.13 during trading on Friday, reaching $261.44. 230,257 shares of the company's stock were exchanged, compared to its average volume of 380,567. HEICO Co. has a 52-week low of $155.42 and a 52-week high of $269.38. The firm has a market cap of $36.21 billion, a price-to-earnings ratio of 82.21, a PEG ratio of 3.79 and a beta of 1.22. 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 company's 50-day moving average is $249.56 and its two-hundred day moving average is $225.60.

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 the consensus estimate of $0.92 by $0.05. The firm had revenue of $992.20 million for the quarter, compared to analyst estimates of $995.34 million. HEICO had a return on equity of 14.51% and a net margin of 12.64%. HEICO's revenue for the quarter was up 37.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 EPS. On average, analysts predict that HEICO Co. will post 3.64 earnings per share for the current year.

Insider Buying and Selling

In other HEICO news, Director Frank J. Schwitter bought 475 shares of HEICO stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average cost of $252.26 per share, for a total transaction of $119,823.50. Following the purchase, the director now owns 1,730 shares in the company, valued at $436,409.80. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Frank J. Schwitter purchased 475 shares of HEICO stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average price of $252.26 per share, with a total value of $119,823.50. Following the completion of the transaction, the director now owns 1,730 shares of the company's stock, valued at approximately $436,409.80. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric A. Mendelson sold 8,864 shares of HEICO stock in a transaction dated 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 owns 222,401 shares of the company's stock, valued at $40,152,276.54. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,374 shares of company stock worth $15,061,997. 8.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HEI shares. Robert W. Baird raised their price target on HEICO from $243.00 to $280.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th. Stifel Nicolaus lifted their price objective on HEICO from $250.00 to $280.00 and gave the stock a "buy" rating in a research report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft upped 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. Bank of America lifted their price target on shares of HEICO from $250.00 to $285.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. Finally, Royal Bank of Canada upped their price objective on shares of HEICO from $250.00 to $272.00 and gave the company an "outperform" rating in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $263.56.

HEICO Company 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.