HEICO Co. (NYSE:HEI) Short Interest Up 29.2% in November

HEICO Co. (NYSE:HEI - Get Free Report) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 2,520,000 shares, an increase of 29.2% from the October 31st total of 1,950,000 shares. Currently, 6.0% of the shares of the company are short sold. Based on an average trading volume of 403,500 shares, the short-interest ratio is currently 6.2 days.

Insider Buying and Selling at HEICO

In other news, Director Alan Schriesheim sold 332 shares of the firm'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 transaction of $66,941.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank J. Schwitter purchased 475 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average price of $252.26 per share, with a total value of $119,823.50. Following the completion of the purchase, the director now owns 1,730 shares of the company's stock, valued at $436,409.80. This trade represents a 37.85 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 2,650 shares of company stock valued at $691,718 in the last quarter. 8.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Andra AP fonden bought a new stake in shares of HEICO in the 2nd quarter valued at $45,000. Center for Financial Planning Inc. bought a new stake in shares of HEICO in the 2nd quarter valued at $52,000. American National Bank bought a new stake in shares of HEICO in the 2nd quarter valued at $66,000. Strategic Financial Concepts LLC bought a new stake in shares of HEICO in the 2nd quarter valued at $67,000. Finally, FSC Wealth Advisors LLC bought a new stake in shares of HEICO in the 2nd quarter valued at $73,000. Institutional investors own 27.12% of the company's stock.

HEICO Trading Down 1.7 %

HEICO stock traded down $4.69 during mid-day trading on Monday, hitting $268.68. 362,173 shares of the stock were exchanged, compared to its average volume of 384,656. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63. HEICO has a 12 month low of $169.70 and a 12 month high of $283.60. The firm's fifty day simple moving average is $262.68 and its two-hundred day simple moving average is $243.90. The stock has a market capitalization of $37.24 billion, a price-to-earnings ratio of 80.50, a PEG ratio of 3.32 and a beta of 1.23.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HEI shares. Bank of America upped 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. Royal Bank of Canada lifted their price target on HEICO from $250.00 to $272.00 and gave the company an "outperform" rating in a research note on Wednesday, August 28th. UBS Group initiated coverage on HEICO in a report on Tuesday, October 15th. They set a "neutral" rating and a $277.00 price target for the company. Morgan Stanley raised their price objective on HEICO from $245.00 to $265.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Finally, Stifel Nicolaus boosted their target price on HEICO from $250.00 to $280.00 and gave the stock a "buy" rating in a research note on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently 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.