11,500 Shares in HEICO Co. (NYSE:HEI) Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. purchased a new position in shares of HEICO Co. (NYSE:HEI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,500 shares of the aerospace company's stock, valued at approximately $3,007,000.

Several other institutional investors have also modified their holdings of HEI. Driehaus Capital Management LLC boosted its stake in HEICO by 66.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company's stock valued at $43,357,000 after purchasing an additional 77,067 shares during the period. AdvisorShares Investments LLC boosted its position in shares of HEICO by 7.4% during the second quarter. AdvisorShares Investments LLC now owns 32,593 shares of the aerospace company's stock worth $7,190,000 after buying an additional 2,244 shares during the period. Bright Rock Capital Management LLC bought a new position in HEICO in the 3rd quarter worth approximately $1,830,000. Seven Eight Capital LP acquired a new stake in HEICO in the 2nd quarter valued at approximately $423,000. Finally, Acadian Asset Management LLC acquired a new stake in HEICO in the 2nd quarter valued at approximately $1,330,000. Institutional investors own 27.12% of the company's stock.

HEICO Price Performance

Shares of NYSE HEI traded down $0.79 during trading on Thursday, hitting $269.07. The company had a trading volume of 521,801 shares, compared to its average volume of 385,033. The company has a market cap of $37.29 billion, a P/E ratio of 78.50, a PEG ratio of 3.25 and a beta of 1.24. 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 business's 50-day moving average is $262.89 and its 200 day moving average is $244.83. HEICO Co. has a 52 week low of $169.70 and a 52 week high of $283.60.

Insider Transactions at HEICO

In related news, insider Victor H. Mendelson purchased 726 shares of the 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 $190,894.44. Following the acquisition, the insider now directly owns 1,234,950 shares in the company, valued at approximately $324,717,753. The trade was a 0.06 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan Schriesheim sold 332 shares of the company's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $201.63, for a total transaction of $66,941.16. The disclosure for this sale can be found here. Insiders have purchased 2,175 shares of company stock valued at $571,895 over the last three months. Company insiders own 8.10% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on HEI. Deutsche Bank Aktiengesellschaft increased their price target on HEICO from $235.00 to $271.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Barclays assumed coverage on shares of HEICO in a research report on Monday, August 19th. They issued an "equal weight" rating and a $250.00 target price for the company. Stifel Nicolaus boosted their price target on shares of HEICO from $250.00 to $280.00 and gave the stock a "buy" rating in a research report on Tuesday, August 27th. Royal Bank of Canada increased their price objective on shares of HEICO from $250.00 to $272.00 and gave the company an "outperform" rating in a report on Wednesday, August 28th. Finally, Morgan Stanley boosted their target price on HEICO from $245.00 to $265.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $270.70.

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.