HEICO Co. (NYSE:HEI) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lowered its stake in shares of HEICO Co. (NYSE:HEI) by 30.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,963 shares of the aerospace company’s stock after selling 2,170 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in HEICO were worth $1,298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AGF Management Ltd. increased its stake 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 purchasing an additional 362,625 shares in the last quarter. Vantage Investment Partners LLC acquired a new position in shares of HEICO in the 2nd quarter valued at $26,993,000. Driehaus Capital Management LLC increased its position in shares of HEICO by 66.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after acquiring an additional 77,067 shares during the period. EULAV Asset Management lifted its position in HEICO by 23.4% during the 1st quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company’s stock worth $67,250,000 after acquiring an additional 66,800 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new stake in HEICO during the 2nd quarter valued at about $67,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on HEI. Robert W. Baird lifted their target price on HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Bank of America raised their target price on shares of HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Barclays assumed coverage on shares of HEICO in a report on Monday, August 19th. They issued an “equal weight” rating and a $250.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Stifel Nicolaus raised their target price on HEICO from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.70.

Insider Buying and Selling

In other news, Director Alan Schriesheim bought 724 shares of HEICO stock in a transaction on Friday, October 18th. The stock was acquired at an average price of $262.94 per share, with a total value of $190,368.56. Following the completion of the acquisition, the director now directly owns 174,878 shares of the company’s stock, valued at $45,982,421.32. The trade was a 0.42 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank J. Schwitter purchased 475 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost of $252.26 per share, for a total transaction of $119,823.50. Following the completion of the purchase, the director now directly owns 1,730 shares of the company’s stock, valued at approximately $436,409.80. The trade was a 37.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 2,650 shares of company stock worth $691,718 in the last 90 days. Insiders own 8.10% of the company’s stock.

HEICO Stock Down 0.2 %

Shares of HEI opened at $275.74 on Wednesday. The firm has a market cap of $38.22 billion, a P/E ratio of 80.90, a PEG ratio of 3.38 and a beta of 1.23. HEICO Co. has a 12 month low of $167.56 and a 12 month high of $283.60. The stock’s 50 day moving average is $261.85 and its two-hundred day moving average is $242.18. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63.

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

HEICO 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.