HEICO Co. (NYSE:HEI) Stock Position Boosted by Centiva Capital LP

Centiva Capital LP boosted its stake in HEICO Co. (NYSE:HEI) by 149.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,113 shares of the aerospace company’s stock after acquiring an additional 5,457 shares during the quarter. Centiva Capital LP’s holdings in HEICO were worth $2,383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AGF Management Ltd. lifted its holdings in HEICO by 61.7% in the 2nd quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock valued at $212,417,000 after acquiring an additional 362,625 shares during the last quarter. EULAV Asset Management lifted its holdings in HEICO by 5.0% in the 3rd quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock valued at $105,165,000 after acquiring an additional 19,200 shares during the last quarter. TCW Group Inc. lifted its holdings in HEICO by 3.0% in the 2nd quarter. TCW Group Inc. now owns 200,008 shares of the aerospace company’s stock valued at $44,724,000 after acquiring an additional 5,779 shares during the last quarter. Driehaus Capital Management LLC lifted its holdings in 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 last quarter. Finally, Vantage Investment Partners LLC lifted its holdings in HEICO by 1.4% in the 3rd quarter. Vantage Investment Partners LLC now owns 122,430 shares of the aerospace company’s stock valued at $32,013,000 after acquiring an additional 1,717 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

Insider Transactions at HEICO

In other news, CEO Laurans A. Mendelson acquired 725 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average price of $262.94 per share, for a total transaction of $190,631.50. Following the completion of the acquisition, the chief executive officer now owns 929,984 shares of the company’s stock, valued at approximately $244,529,992.96. This represents a 0.08 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 purchased at an average price of $262.94 per share, for a total transaction of $190,894.44. Following the acquisition, the insider now directly owns 1,234,950 shares of the company’s stock, valued at $324,717,753. The trade was a 0.06 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 2,175 shares of company stock valued at $571,895 over the last three months. 8.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HEI has been the subject of a number of research analyst reports. Benchmark reissued a “buy” rating and issued a $245.00 price target on shares of HEICO in a report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft upped their price target on shares of HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Robert W. Baird upped their price target on shares of HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Barclays assumed coverage on shares of HEICO in a research note on Monday, August 19th. They set an “equal weight” rating and a $250.00 price objective for the company. Finally, Stifel Nicolaus upped their price objective on shares of HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research note 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $270.70.

HEICO Price Performance

NYSE HEI opened at $268.76 on Tuesday. The company has a 50 day simple moving average of $262.68 and a 200-day simple moving average of $243.90. 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 firm has a market capitalization of $37.25 billion, a price-to-earnings ratio of 78.82, a price-to-earnings-growth ratio of 3.32 and a beta of 1.24. HEICO Co. has a 52-week low of $169.70 and a 52-week high of $283.60.

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.