973 Shares in HEICO Co. (NYSE:HEI) Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. acquired a new stake in shares of HEICO Co. (NYSE:HEI) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 973 shares of the aerospace company’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HEI. AdvisorShares Investments LLC boosted its position in shares of HEICO by 7.4% in the second quarter. AdvisorShares Investments LLC now owns 32,593 shares of the aerospace company’s stock worth $7,190,000 after buying an additional 2,244 shares during the period. AGF Management Ltd. boosted its position in HEICO by 61.7% during the 2nd quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock worth $212,417,000 after acquiring an additional 362,625 shares during the period. Andra AP fonden purchased a new position in HEICO during the 2nd quarter valued at about $45,000. Emerald Advisers LLC increased its holdings in shares of HEICO by 101.8% in the 2nd quarter. Emerald Advisers LLC now owns 2,438 shares of the aerospace company’s stock valued at $545,000 after purchasing an additional 1,230 shares during the period. Finally, Caprock Group LLC purchased a new stake in shares of HEICO in the second quarter worth approximately $301,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on HEI. Benchmark reaffirmed a “buy” rating and set a $245.00 price objective on shares of HEICO in a research report on Tuesday, August 27th. Robert W. Baird increased their price objective on HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Barclays began coverage on HEICO in a research note on Monday, August 19th. They issued an “equal weight” rating and a $250.00 target price on the stock. Bank of America raised their price target on HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Truist Financial increased their price objective on HEICO from $248.00 to $264.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $263.56.

HEICO Trading Up 2.1 %

NYSE:HEI opened at $264.37 on Friday. The company’s 50 day moving average is $241.01 and its 200-day moving average is $219.54. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63. HEICO Co. has a 12 month low of $155.42 and a 12 month high of $265.46. The firm has a market cap of $36.61 billion, a price-to-earnings ratio of 83.14, a P/E/G ratio of 3.61 and a beta of 1.22.

HEICO (NYSE:HEI) last released its 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. The firm had revenue of $992.20 million during the quarter, compared to analyst estimates of $995.34 million. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The business’s revenue was up 37.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 EPS. Equities analysts anticipate that HEICO Co. will post 3.63 EPS for the current year.

Insider Activity at HEICO

In other HEICO news, insider Eric A. Mendelson sold 2,832 shares of HEICO stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $180.06, for a total value of $509,929.92. Following the transaction, the insider now directly owns 246,060 shares of the company’s stock, valued at approximately $44,305,563.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Eric A. Mendelson sold 2,832 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $180.06, for a total transaction of $509,929.92. Following the transaction, the insider now owns 246,060 shares in the company, valued at approximately $44,305,563.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Frank J. Schwitter acquired 475 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average cost of $252.26 per share, with a total value of $119,823.50. Following the transaction, the director now directly owns 1,730 shares of the company’s stock, valued at approximately $436,409.80. The disclosure for this purchase can be found here. Insiders sold a total of 85,206 shares of company stock worth $15,571,927 in the last 90 days. 8.10% of the stock is owned by company insiders.

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.