HEICO Co. (NYSE:HEI) is EULAV Asset Management’s 7th Largest Position

EULAV Asset Management grew its stake in HEICO Co. (NYSE:HEI) by 5.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 402,193 shares of the aerospace company’s stock after buying an additional 19,200 shares during the quarter. HEICO accounts for approximately 2.6% of EULAV Asset Management’s portfolio, making the stock its 7th biggest position. EULAV Asset Management owned approximately 0.29% of HEICO worth $105,165,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Andra AP fonden acquired a new position in shares of HEICO in the second quarter valued at approximately $45,000. Center for Financial Planning Inc. acquired a new position in shares of HEICO in the second quarter valued at approximately $52,000. American National Bank acquired a new position in shares of HEICO in the second quarter valued at approximately $66,000. Strategic Financial Concepts LLC purchased a new stake in shares of HEICO in the second quarter valued at approximately $67,000. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of HEICO in the second quarter valued at approximately $73,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Barclays assumed coverage on HEICO in a research note on Monday, August 19th. They issued an “equal weight” rating and a $250.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Stifel Nicolaus boosted their target price on HEICO from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Royal Bank of Canada boosted their target price on HEICO from $250.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Finally, Robert W. Baird boosted their target price on HEICO from $243.00 to $280.00 and gave the stock 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $270.70.

HEICO Price Performance

Shares of NYSE HEI opened at $272.78 on Wednesday. The company has a market capitalization of $37.81 billion, a price-to-earnings ratio of 79.99, a PEG ratio of 3.28 and a beta of 1.23. HEICO Co. has a 1-year low of $167.56 and a 1-year high of $281.15. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. The business has a 50-day moving average of $260.29 and a 200-day moving average of $240.30.

HEICO (NYSE:HEI) last announced its quarterly earnings results 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. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The business had revenue of $992.20 million for the quarter, compared to analysts’ expectations of $995.34 million. During the same period in the prior year, the firm earned $0.77 EPS. The business’s quarterly revenue was up 37.3% on a year-over-year basis. On average, equities analysts anticipate that HEICO Co. will post 3.65 EPS for the current fiscal year.

Insider Transactions at HEICO

In other news, Director Alan Schriesheim sold 332 shares of HEICO 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victor H. Mendelson acquired 726 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was bought at an average price of $262.94 per share, with a total value of $190,894.44. Following the transaction, the insider now directly owns 1,234,950 shares in the company, valued at $324,717,753. The trade was a 0.06 % 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 valued at $691,718 in the last three months. 8.10% of the stock is currently owned by corporate 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.