HEICO Co. (NYSE:HEI) Shares Bought by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. lifted its stake in HEICO Co. (NYSE:HEI) by 7.9% in the fourth quarter, HoldingsChannel reports. The fund owned 1,465 shares of the aerospace company’s stock after purchasing an additional 107 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in HEICO were worth $262,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. acquired a new stake in HEICO during the third quarter valued at approximately $42,000. Harbour Investments Inc. lifted its stake in HEICO by 41.5% during the second quarter. Harbour Investments Inc. now owns 341 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 100 shares during the last quarter. Janiczek Wealth Management LLC lifted its stake in HEICO by 18.3% during the third quarter. Janiczek Wealth Management LLC now owns 447 shares of the aerospace company’s stock valued at $72,000 after purchasing an additional 69 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in HEICO during the first quarter valued at approximately $109,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in HEICO during the fourth quarter valued at approximately $202,000. 27.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HEICO

In other HEICO news, 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 value of $77,480.00. Following the transaction, the director now owns 1,255 shares in the company, valued at approximately $243,093.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other HEICO news, 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 value of $77,480.00. Following the transaction, the director now owns 1,255 shares in the company, valued at approximately $243,093.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alan Schriesheim sold 26,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were 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 owns 155,862 shares in the company, valued at approximately $29,953,559.16. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HEI shares. Stifel Nicolaus increased their target price on shares of HEICO from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Royal Bank of Canada increased their target price on shares of HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Finally, Bank of America raised shares of HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, HEICO presently has an average rating of “Moderate Buy” and an average target price of $204.50.

HEICO Stock Down 0.5 %

HEICO stock opened at $196.64 on Friday. The firm has a market cap of $27.21 billion, a PE ratio of 64.26, a P/E/G ratio of 3.23 and a beta of 1.16. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.40 and a current ratio of 3.17. The firm’s 50 day moving average price is $191.28 and its two-hundred day moving average price is $178.88. HEICO Co. has a twelve month low of $153.63 and a twelve month high of $200.64.

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