2,175 Shares in Heico Corporation $HEI Purchased by Inspire Advisors LLC

Inspire Advisors LLC bought a new stake in Heico Corporation (NYSE:HEI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 2,175 shares of the aerospace company’s stock, valued at approximately $713,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of HEI. Congress Asset Management Co. boosted its stake in shares of Heico by 366.0% in the second quarter. Congress Asset Management Co. now owns 308,457 shares of the aerospace company’s stock valued at $101,174,000 after purchasing an additional 242,264 shares during the period. Mackenzie Financial Corp purchased a new stake in Heico during the 1st quarter worth approximately $40,949,000. American Century Companies Inc. lifted its holdings in Heico by 11.3% during the 1st quarter. American Century Companies Inc. now owns 312,615 shares of the aerospace company’s stock worth $83,528,000 after buying an additional 31,834 shares in the last quarter. PDT Partners LLC boosted its position in Heico by 781.9% in the 1st quarter. PDT Partners LLC now owns 25,576 shares of the aerospace company’s stock valued at $6,834,000 after buying an additional 22,676 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Heico in the 1st quarter valued at approximately $5,518,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on HEI shares. Royal Bank Of Canada set a $350.00 price objective on Heico in a research note on Wednesday, August 27th. UBS Group upped their price target on Heico from $346.00 to $375.00 and gave the stock a “neutral” rating in a report on Wednesday, August 27th. The Goldman Sachs Group reiterated a “buy” rating and issued a $382.00 price objective (up previously from $337.00) on shares of Heico in a research note on Wednesday, August 27th. Zacks Research raised Heico to a “hold” rating in a research report on Monday, August 11th. Finally, Stifel Nicolaus set a $360.00 target price on shares of Heico in a report on Tuesday, August 26th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $344.75.

Insider Activity

In related news, Director Thomas M. Culligan bought 676 shares of Heico stock in a transaction that occurred on Friday, October 10th. The shares were purchased at an average price of $243.93 per share, with a total value of $164,896.68. Following the purchase, the director owned 11,030 shares in the company, valued at $2,690,547.90. This represents a 6.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Adolfo Henriques bought 676 shares of the stock in a transaction on Friday, October 10th. The shares were bought at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the acquisition, the director owned 24,069 shares in the company, valued at $5,871,151.17. The trade was a 2.89% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 4,448 shares of company stock worth $1,086,933. 9.55% of the stock is owned by corporate insiders.

Heico Stock Performance

NYSE HEI opened at $310.20 on Wednesday. The firm has a market cap of $43.18 billion, a P/E ratio of 67.88, a P/E/G ratio of 3.64 and a beta of 1.08. Heico Corporation has a 52-week low of $216.68 and a 52-week high of $338.92. The business’s 50-day moving average price is $317.10 and its 200 day moving average price is $310.23. The company has a quick ratio of 1.51, a current ratio of 3.35 and a debt-to-equity ratio of 0.58.

Heico (NYSE:HEI) last posted its quarterly earnings data on Monday, August 25th. The aerospace company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.12 by $0.14. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.11 billion. Heico had a return on equity of 16.29% and a net margin of 14.96%.The firm’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 EPS. On average, equities research analysts expect that Heico Corporation will post 4.2 earnings per share for the current year.

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.