Two Sigma Advisers LP Grows Stock Position in HEICO Co. (NYSE:HEI)

Two Sigma Advisers LP grew its holdings in shares of HEICO Co. (NYSE:HEI - Free Report) by 3.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 362,878 shares of the aerospace company's stock after buying an additional 13,100 shares during the period. Two Sigma Advisers LP owned 0.26% of HEICO worth $94,885,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Morse Asset Management Inc boosted its holdings in shares of HEICO by 0.6% during the 3rd quarter. Morse Asset Management Inc now owns 6,207 shares of the aerospace company's stock valued at $1,623,000 after buying an additional 38 shares in the last quarter. Centaurus Financial Inc. boosted its stake in HEICO by 8.9% in the 3rd quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company's stock worth $191,000 after purchasing an additional 60 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its stake in HEICO by 1.8% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 4,186 shares of the aerospace company's stock worth $1,095,000 after purchasing an additional 73 shares in the last quarter. Clear Harbor Asset Management LLC boosted its stake in HEICO by 0.4% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 22,845 shares of the aerospace company's stock worth $5,109,000 after purchasing an additional 80 shares in the last quarter. Finally, MGB Wealth Management LLC boosted its stake in HEICO by 3.6% in the 3rd quarter. MGB Wealth Management LLC now owns 2,900 shares of the aerospace company's stock worth $758,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 27.12% of the company's stock.

Insider Buying and Selling

In other news, Director Alan Schriesheim sold 332 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $201.63, for a total transaction of $66,941.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Laurans A. Mendelson bought 725 shares of the stock in a transaction dated Friday, October 18th. The shares were purchased at an average price of $262.94 per share, with a total value of $190,631.50. Following the completion of the transaction, the chief executive officer now directly owns 929,984 shares in the company, valued at approximately $244,529,992.96. The trade was a 0.08 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 2,175 shares of company stock valued at $571,895. 8.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HEI. Stifel Nicolaus upped their price target on shares of HEICO from $250.00 to $280.00 and gave the stock a "buy" rating in a research note on Tuesday, August 27th. Benchmark reissued a "buy" rating and issued a $245.00 target price on shares of HEICO in a research report on Tuesday, August 27th. Morgan Stanley boosted their target price on HEICO from $245.00 to $265.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their target price on HEICO from $235.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. Finally, Bank of America upped their price target on shares of HEICO from $250.00 to $285.00 and gave the company a "buy" rating in a research report 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. According to data from MarketBeat.com, HEICO currently has a consensus rating of "Moderate Buy" and an average price target of $270.70.

HEICO Stock Performance

HEICO stock traded down $5.92 during midday trading on Friday, hitting $263.15. The stock had a trading volume of 289,191 shares, compared to its average volume of 384,547. The firm's fifty day moving average is $263.04 and its two-hundred day moving average is $245.00. The company has a market capitalization of $36.47 billion, a PE ratio of 77.19, a P/E/G ratio of 3.25 and a beta of 1.24. HEICO Co. has a 52-week low of $169.70 and a 52-week 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.

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.