MONECO Advisors LLC Invests $203,000 in HEICO Co. (NYSE:HEI)

MONECO Advisors LLC bought a new position in HEICO Co. (NYSE:HEI) during the second quarter, HoldingsChannel reports. The firm bought 909 shares of the aerospace company’s stock, valued at approximately $203,000.

A number of other large investors have also recently made changes to their positions in the business. Capital World Investors lifted its holdings in shares of HEICO by 10.5% in the fourth quarter. Capital World Investors now owns 3,276,326 shares of the aerospace company’s stock valued at $586,036,000 after purchasing an additional 311,304 shares in the last quarter. EULAV Asset Management boosted its holdings in HEICO by 23.4% during the 1st quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company’s stock worth $67,250,000 after acquiring an additional 66,800 shares during the last quarter. TCW Group Inc. lifted its position in shares of HEICO by 3.0% during the second quarter. TCW Group Inc. now owns 200,008 shares of the aerospace company’s stock valued at $44,724,000 after purchasing an additional 5,779 shares in the last quarter. Zeno Equity Partners LLP boosted its position in HEICO by 154.3% in the first quarter. Zeno Equity Partners LLP now owns 161,570 shares of the aerospace company’s stock worth $30,860,000 after purchasing an additional 98,033 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC raised its stake in shares of HEICO by 118.3% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 93,108 shares of the aerospace company’s stock worth $16,654,000 after purchasing an additional 50,448 shares during the period. 27.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HEI has been the topic of several research reports. Robert W. Baird lifted their price objective on shares of HEICO from $223.00 to $243.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Benchmark upped their price objective on HEICO from $185.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Deutsche Bank Aktiengesellschaft raised their target price on HEICO from $209.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Stifel Nicolaus upped their price target on HEICO from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, Barclays began coverage on HEICO in a research note on Monday. They set an “equal weight” rating and a $250.00 price target for the company. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $241.78.

Insiders Place Their Bets

In related news, insider Eric A. Mendelson sold 8,864 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $180.54, for a total value of $1,600,306.56. Following the completion of the sale, the insider now owns 222,401 shares in the company, valued at approximately $40,152,276.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Eric A. Mendelson sold 2,832 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $180.06, for a total transaction of $509,929.92. Following the completion of the sale, the insider now owns 246,060 shares of the company’s stock, valued at $44,305,563.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Eric A. Mendelson sold 8,864 shares of HEICO stock in a transaction on Monday, July 8th. The stock was sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the completion of the transaction, the insider now directly owns 222,401 shares in the company, valued at $40,152,276.54. The disclosure for this sale can be found here. Insiders sold a total of 85,206 shares of company stock valued at $15,571,927 over the last 90 days. Insiders own 8.10% of the company’s stock.

HEICO Price Performance

Shares of NYSE HEI opened at $238.69 on Tuesday. The firm has a market capitalization of $33.06 billion, a P/E ratio of 75.06, a P/E/G ratio of 3.53 and a beta of 1.20. The company has a quick ratio of 1.57, a current ratio of 3.52 and a debt-to-equity ratio of 0.69. The stock’s 50-day simple moving average is $229.54 and its two-hundred day simple moving average is $210.34. HEICO Co. has a twelve month low of $155.42 and a twelve month high of $258.84.

HEICO (NYSE:HEI) last announced its earnings results on Tuesday, May 28th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.08. The business had revenue of $955.40 million during the quarter, compared to analyst estimates of $951.24 million. HEICO had a net margin of 12.62% and a return on equity of 14.26%. HEICO’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 earnings per share. As a group, equities analysts anticipate that HEICO Co. will post 3.57 EPS for the current fiscal year.

HEICO Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were given a dividend of $0.11 per share. This is an increase from HEICO’s previous Semi-Annual dividend of $0.07. The ex-dividend date of this dividend was Monday, July 1st. This represents a yield of 0.1%. HEICO’s dividend payout ratio (DPR) is presently 6.92%.

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.