Wolverine Asset Management LLC Has $392,000 Position in HEICO Co. (NYSE:HEI)

Wolverine Asset Management LLC lessened its stake in shares of HEICO Co. (NYSE:HEI - Free Report) by 80.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,500 shares of the aerospace company's stock after selling 6,000 shares during the quarter. Wolverine Asset Management LLC's holdings in HEICO were worth $392,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HEI. AGF Management Ltd. boosted its position in HEICO by 61.7% during the 2nd quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company's stock valued at $212,417,000 after buying an additional 362,625 shares during the period. EULAV Asset Management increased its stake in shares of HEICO by 23.4% during the first quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company's stock valued at $67,250,000 after purchasing an additional 66,800 shares in the last quarter. TCW Group Inc. boosted its holdings in HEICO by 3.0% in the second quarter. TCW Group Inc. now owns 200,008 shares of the aerospace company's stock worth $44,724,000 after acquiring an additional 5,779 shares in the last quarter. Driehaus Capital Management LLC grew its position in HEICO by 66.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company's stock valued at $43,357,000 after purchasing an additional 77,067 shares during the last quarter. Finally, Vantage Investment Partners LLC bought a new stake in shares of HEICO during the second quarter valued at approximately $26,993,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

HEICO Price Performance

Shares of NYSE:HEI traded up $3.12 during midday trading on Thursday, reaching $277.04. 1,165,865 shares of the company's stock traded hands, compared to its average volume of 382,453. The company has a market cap of $38.40 billion, a P/E ratio of 81.24, a PEG ratio of 3.20 and a beta of 1.23. The company has a fifty day simple moving average of $259.22 and a two-hundred day simple moving average of $238.57. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. HEICO Co. has a 1 year low of $167.56 and a 1 year high of $281.15.

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

Analysts Set New Price Targets

HEI has been the subject of a number of research analyst reports. Bank of America boosted their price objective on shares of HEICO from $250.00 to $285.00 and gave the company a "buy" rating in a report on Thursday, September 19th. Benchmark reiterated a "buy" rating and issued a $245.00 price target on shares of HEICO in a research report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft boosted their price target on HEICO from $235.00 to $271.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. UBS Group began coverage on HEICO in a report on Tuesday, October 15th. They issued a "neutral" rating and a $277.00 target price on the stock. Finally, Robert W. Baird lifted their price objective on shares of HEICO from $243.00 to $280.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, HEICO has an average rating of "Moderate Buy" and an average target price of $270.70.

Insider Activity

In other news, CEO Laurans A. Mendelson acquired 725 shares of the company's stock in a transaction dated Friday, October 18th. The shares were bought at an average price of $262.94 per share, for a total transaction of $190,631.50. Following the completion of the purchase, the chief executive officer now directly owns 929,984 shares of the company's stock, valued at approximately $244,529,992.96. This trade represents a 0.08 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alan Schriesheim sold 332 shares of the 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 disclosure for this sale can be found here. Insiders have acquired 2,650 shares of company stock valued at $691,718 in the last ninety days. 8.10% of the stock is currently owned by company insiders.

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.