Quantbot Technologies LP Has $4.92 Million Stock Position in HEICO Co. (NYSE:HEI)

Quantbot Technologies LP grew its holdings in shares of HEICO Co. (NYSE:HEI - Free Report) by 424.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,801 shares of the aerospace company's stock after purchasing an additional 15,214 shares during the quarter. Quantbot Technologies LP's holdings in HEICO were worth $4,916,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at HEICO

In related news, Director Frank J. Schwitter purchased 475 shares of HEICO stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average price of $252.26 per share, for a total transaction of $119,823.50. Following the transaction, the director now directly owns 1,730 shares in the company, valued at approximately $436,409.80. This represents a 37.85 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Alan Schriesheim sold 332 shares of the firm's stock in a transaction dated Monday, October 7th. The shares were 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. Over the last quarter, insiders have acquired 2,650 shares of company stock worth $691,718. Insiders own 8.10% of the company's stock.

HEICO Price Performance

HEI stock traded down $4.43 during trading on Wednesday, hitting $271.43. 440,528 shares of the stock traded hands, compared to its average volume of 386,015. The stock has a market cap of $37.62 billion, a price-to-earnings ratio of 79.88, a P/E/G ratio of 3.35 and a beta of 1.23. HEICO Co. has a one year low of $167.56 and a one year high of $283.60. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. The company has a 50 day simple moving average of $262.13 and a 200 day simple moving average of $242.61.

HEICO (NYSE:HEI - Get Free Report) last posted its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.05. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The company had revenue of $992.20 million during the quarter, compared to analysts' expectations of $995.34 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. HEICO's quarterly revenue was up 37.3% compared to the same quarter last year. Equities analysts expect that HEICO Co. will post 3.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays initiated coverage on shares of HEICO in a research report on Monday, August 19th. They set an "equal weight" rating and a $250.00 target price on the stock. UBS Group initiated coverage on shares of HEICO in a research report on Tuesday, October 15th. They set a "neutral" rating and a $277.00 price objective for the company. Stifel Nicolaus increased their target price on shares of HEICO from $250.00 to $280.00 and gave the company a "buy" rating in a research note on Tuesday, August 27th. Benchmark restated a "buy" rating and set a $245.00 price target on shares of HEICO in a research note on Tuesday, August 27th. Finally, Bank of America raised their price objective on HEICO from $250.00 to $285.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $270.70.

HEICO 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.