Benjamin F. Edwards & Company Inc. Purchases 2,552 Shares of HEICO Co. (NYSE:HEI)

Benjamin F. Edwards & Company Inc. lifted its holdings in HEICO Co. (NYSE:HEI) by 127.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,551 shares of the aerospace company’s stock after purchasing an additional 2,552 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in HEICO were worth $814,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HEI. Federated Hermes Inc. lifted its holdings in shares of HEICO by 8.3% during the fourth quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company’s stock worth $101,438,000 after buying an additional 43,509 shares during the last quarter. Mar Vista Investment Partners LLC boosted its holdings in HEICO by 22.8% in the 3rd quarter. Mar Vista Investment Partners LLC now owns 261,257 shares of the aerospace company’s stock valued at $42,305,000 after purchasing an additional 48,447 shares during the period. EULAV Asset Management grew its position in HEICO by 50.9% in the 3rd quarter. EULAV Asset Management now owns 233,593 shares of the aerospace company’s stock worth $37,826,000 after purchasing an additional 78,779 shares during the last quarter. Kingdon Capital Management L.L.C. increased its holdings in shares of HEICO by 12.5% during the 3rd quarter. Kingdon Capital Management L.L.C. now owns 90,000 shares of the aerospace company’s stock worth $14,574,000 after purchasing an additional 10,000 shares during the period. Finally, Marsico Capital Management LLC raised its position in shares of HEICO by 12.1% during the third quarter. Marsico Capital Management LLC now owns 81,096 shares of the aerospace company’s stock valued at $13,132,000 after buying an additional 8,772 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Price Performance

Shares of HEICO stock opened at $208.44 on Wednesday. The firm’s 50-day moving average price is $194.63 and its two-hundred day moving average price is $183.07. HEICO Co. has a 1-year low of $153.63 and a 1-year high of $213.63. The stock has a market capitalization of $28.84 billion, a price-to-earnings ratio of 68.12, a P/E/G ratio of 3.46 and a beta of 1.11. The company has a current ratio of 3.17, a quick ratio of 1.40 and a debt-to-equity ratio of 0.75.

HEICO (NYSE:HEI) last issued its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The firm had revenue of $896.36 million for the quarter, compared to analyst estimates of $891.32 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue was up 44.4% on a year-over-year basis. On average, equities analysts predict that HEICO Co. will post 3.47 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Frank J. Schwitter sold 400 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the transaction, the director now owns 1,255 shares of the company’s stock, valued at $243,093.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Alan Schriesheim sold 26,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the completion of the transaction, the director now directly owns 155,862 shares in the company, valued at approximately $29,953,559.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank J. Schwitter sold 400 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the sale, the director now directly owns 1,255 shares of the company’s stock, valued at approximately $243,093.50. The disclosure for this sale can be found here. Insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

HEI has been the topic of a number of recent research reports. Royal Bank of Canada lifted their target price on HEICO from $210.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Bank of America upgraded HEICO from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a research report on Thursday, January 25th. Finally, Stifel Nicolaus raised their target price on HEICO from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $206.00.

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.