Assenagon Asset Management S.A. Purchases Shares of 17,218 HEICO Co. (NYSE:HEI)

Assenagon Asset Management S.A. purchased a new stake in shares of HEICO Co. (NYSE:HEI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,218 shares of the aerospace company's stock, valued at approximately $4,502,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AGF Management Ltd. raised its stake in shares of HEICO by 61.7% in the 2nd quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company's stock valued at $212,417,000 after acquiring an additional 362,625 shares during the period. Vantage Investment Partners LLC acquired a new position in shares of HEICO during the second quarter worth about $26,993,000. Driehaus Capital Management LLC lifted its stake in shares of HEICO by 66.0% during the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company's stock worth $43,357,000 after purchasing an additional 77,067 shares in the last quarter. EULAV Asset Management boosted its position in shares of HEICO by 23.4% in the first quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company's stock worth $67,250,000 after buying an additional 66,800 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of HEICO in the second quarter valued at about $67,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

HEICO Stock Performance

Shares of HEI stock opened at $248.94 on Wednesday. The stock has a market capitalization of $34.50 billion, a price-to-earnings ratio of 73.00, a PEG 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. The company's 50-day simple moving average is $257.39 and its 200-day simple moving average is $234.28. 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 (NYSE:HEI - Get Free Report) last released its 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. The company had revenue of $992.20 million for the quarter, compared to the consensus estimate of $995.34 million. HEICO had a return on equity of 14.51% and a net margin of 12.64%. HEICO's quarterly revenue was up 37.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. Equities analysts anticipate that HEICO Co. will post 3.65 earnings per share for the current fiscal year.

Insider Buying and Selling at HEICO

In other HEICO news, CEO Laurans A. Mendelson purchased 725 shares of HEICO stock in a transaction dated Friday, October 18th. The shares were bought at an average cost of $262.94 per share, for a total transaction of $190,631.50. Following the transaction, the chief executive officer now owns 929,984 shares in the company, valued at $244,529,992.96. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Laurans A. Mendelson purchased 725 shares of the company's stock in a transaction dated Friday, October 18th. The shares were acquired at an average cost of $262.94 per share, for a total transaction of $190,631.50. Following the transaction, the chief executive officer now owns 929,984 shares of the company's stock, valued at $244,529,992.96. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan Schriesheim sold 332 shares of the business's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $201.63, for a total value of $66,941.16. The disclosure for this sale can be found here. Insiders acquired a total of 2,650 shares of company stock worth $691,718 over the last 90 days. Insiders own 8.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HEI. Benchmark reissued a "buy" rating and set a $245.00 price target on shares of HEICO in a research report on Tuesday, August 27th. UBS Group began coverage on shares of HEICO in a research note on Tuesday, October 15th. They issued a "neutral" rating and a $277.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their price target on shares of HEICO from $235.00 to $271.00 and gave the company a "buy" rating in a report on Wednesday, September 4th. Stifel Nicolaus upped their price objective on shares of HEICO from $250.00 to $280.00 and gave the company a "buy" rating in a research report on Tuesday, August 27th. Finally, Bank of America raised their target price on HEICO from $250.00 to $285.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.