Unigestion Holding SA Takes $822,000 Position in HEICO Co. (NYSE:HEI)

Unigestion Holding SA acquired a new stake in HEICO Co. (NYSE:HEI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,145 shares of the aerospace company's stock, valued at approximately $822,000.

Other institutional investors have also modified their holdings of the company. Andra AP fonden acquired a new stake in HEICO in the 2nd quarter valued at about $45,000. Center for Financial Planning Inc. acquired a new stake in HEICO during the second quarter valued at approximately $52,000. American National Bank bought a new stake in HEICO during the second quarter worth approximately $66,000. Strategic Financial Concepts LLC bought a new stake in HEICO during the second quarter worth approximately $67,000. Finally, Rakuten Securities Inc. acquired a new position in HEICO in the third quarter worth approximately $81,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Insider Buying and Selling

In other HEICO news, Director Alan Schriesheim sold 332 shares of the business'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 value 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 purchased 725 shares of the business's stock in a transaction dated Friday, October 18th. The shares were acquired at an average price of $262.94 per share, for a total transaction of $190,631.50. Following the acquisition, the chief executive officer now directly owns 929,984 shares in the company, valued at $244,529,992.96. This represents a 0.08 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 2,175 shares of company stock worth $571,895. Corporate insiders own 8.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. UBS Group began coverage on HEICO in a research report on Tuesday, October 15th. They set a "neutral" rating and a $277.00 target price on the stock. Benchmark reaffirmed a "buy" rating and set a $245.00 price objective on shares of HEICO in a research note on Tuesday, August 27th. Royal Bank of Canada lifted their target price on shares of HEICO from $250.00 to $272.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th. Robert W. Baird upped their price target 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. Finally, Bank of America lifted their price objective on shares of HEICO from $250.00 to $285.00 and gave the stock 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 given a buy rating to the company. Based on data from MarketBeat, HEICO currently has an average rating of "Moderate Buy" and a consensus price target of $270.70.

HEICO Stock Down 1.2 %

Shares of NYSE:HEI traded down $3.08 during trading on Thursday, reaching $255.44. 339,424 shares of the company traded hands, compared to its average volume of 386,755. The firm has a fifty day simple moving average of $262.65 and a 200 day simple moving average of $246.45. 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 Co. has a 1-year low of $169.70 and a 1-year high of $283.60. The firm has a market cap of $35.40 billion, a P/E ratio of 74.91, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24.

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.