Global Trust Asset Management LLC Invests $144,000 in HEICO Co. (NYSE:HEI)

Global Trust Asset Management LLC bought a new position in shares of HEICO Co. (NYSE:HEI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 550 shares of the aerospace company’s stock, valued at approximately $144,000.

A number of other large investors also recently made changes to their positions in the company. Andra AP fonden bought a new position in HEICO during the 2nd quarter worth $45,000. Center for Financial Planning Inc. bought a new position in HEICO during the 2nd quarter worth $52,000. American National Bank bought a new position in HEICO during the 2nd quarter worth $66,000. Strategic Financial Concepts LLC bought a new position in HEICO during the 2nd quarter worth $67,000. Finally, FSC Wealth Advisors LLC bought a new position in HEICO during the 2nd quarter worth $73,000. Institutional investors own 27.12% of the company’s stock.

Insider Buying and Selling

In related news, Director Alan Schriesheim sold 332 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $201.63, for a total transaction of $66,941.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other HEICO news, Director Frank J. Schwitter acquired 475 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost of $252.26 per share, with a total value of $119,823.50. Following the transaction, the director now owns 1,730 shares in the company, valued at approximately $436,409.80. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alan Schriesheim sold 332 shares of HEICO stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $201.63, for a total value of $66,941.16. The disclosure for this sale can be found here. Insiders purchased a total of 2,650 shares of company stock valued at $691,718 in the last three months. Insiders own 8.10% of the company’s stock.

HEICO Trading Up 0.2 %

NYSE HEI opened at $253.87 on Friday. 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 twelve month low of $155.42 and a twelve month high of $269.38. The company has a market cap of $35.16 billion, a price-to-earnings ratio of 79.83, a price-to-earnings-growth ratio of 3.69 and a beta of 1.22. The business’s fifty day moving average is $257.01 and its 200 day moving average is $232.87.

HEICO (NYSE:HEI) last announced its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.05. The business had revenue of $992.20 million during the quarter, compared to analyst estimates of $995.34 million. HEICO had a return on equity of 14.51% and a net margin of 12.64%. HEICO’s revenue for the quarter was up 37.3% compared to the same quarter last year. During the same period last year, the company earned $0.77 EPS. As a group, sell-side analysts expect that HEICO Co. will post 3.66 EPS for the current fiscal year.

Analyst Ratings Changes

HEI has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Stifel Nicolaus raised their target price on HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Robert W. Baird raised their target price on HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. UBS Group initiated coverage on HEICO in a report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 target price on the stock. Finally, Royal Bank of Canada raised their target price on HEICO from $250.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $270.70.

HEICO Company 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.