SpiderRock Advisors LLC Raises Stake in HEICO Co. (NYSE:HEI)

SpiderRock Advisors LLC increased its holdings in HEICO Co. (NYSE:HEI - Free Report) by 498.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,490 shares of the aerospace company's stock after buying an additional 12,900 shares during the period. SpiderRock Advisors LLC's holdings in HEICO were worth $4,050,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Empowered Funds LLC purchased a new stake in HEICO in the 1st quarter worth approximately $388,000. Avantax Advisory Services Inc. lifted its stake in HEICO by 12.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 1,437 shares of the aerospace company's stock worth $275,000 after purchasing an additional 164 shares in the last quarter. Motley Fool Asset Management LLC lifted its stake in HEICO by 287.7% in the 1st quarter. Motley Fool Asset Management LLC now owns 7,588 shares of the aerospace company's stock worth $1,449,000 after purchasing an additional 5,631 shares in the last quarter. Entropy Technologies LP lifted its stake in HEICO by 91.9% in the 1st quarter. Entropy Technologies LP now owns 3,090 shares of the aerospace company's stock worth $590,000 after purchasing an additional 1,480 shares in the last quarter. Finally, Fortis Capital Advisors LLC purchased a new stake in HEICO in the 1st quarter worth approximately $393,000. 27.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HEI shares. Royal Bank of Canada raised their price objective on shares of HEICO from $250.00 to $272.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Benchmark restated a "buy" rating and set a $245.00 price objective on shares of HEICO in a research report on Tuesday, August 27th. UBS Group started coverage on shares of HEICO in a research report on Tuesday, October 15th. They set a "neutral" rating and a $277.00 price objective on the stock. Stifel Nicolaus raised 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, Robert W. Baird raised their price objective on shares of HEICO from $243.00 to $280.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, HEICO currently has an average rating of "Moderate Buy" and an average target price of $270.70.

HEICO Trading Up 2.5 %

NYSE:HEI traded up $6.36 during trading hours on Friday, reaching $259.47. The company's stock had a trading volume of 428,040 shares, compared to its average volume of 363,959. The firm has a market capitalization of $35.96 billion, a price-to-earnings ratio of 76.09, a PEG ratio of 3.17 and a beta of 1.23. HEICO Co. has a 1 year low of $160.98 and a 1 year high of $269.38. 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 firm has a 50-day simple moving average of $257.84 and a 200-day simple moving average of $237.25.

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

Insiders Place Their Bets

In other news, Director Alan Schriesheim sold 332 shares of HEICO 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Alan Schriesheim sold 332 shares of HEICO 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Victor H. Mendelson bought 726 shares of the business's 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 $190,894.44. Following the purchase, the insider now directly owns 1,234,950 shares in the company, valued at approximately $324,717,753. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 2,650 shares of company stock valued at $691,718 in the last quarter. Insiders own 8.10% of the company's stock.

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.