Stratos Wealth Partners LTD. lifted its holdings in shares of Heico Corp (NYSE:HEI) by 9.7% during the 1st quarter, Holdings Channel reports. The firm owned 30,723 shares of the aerospace company’s stock after purchasing an additional 2,719 shares during the period. Stratos Wealth Partners LTD.’s holdings in Heico were worth $2,915,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. West Oak Capital LLC grew its holdings in shares of Heico by 60.0% during the first quarter. West Oak Capital LLC now owns 400 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Heico by 1.4% during the first quarter. Janney Montgomery Scott LLC now owns 11,202 shares of the aerospace company’s stock worth $1,063,000 after purchasing an additional 155 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Heico by 8.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,084 shares of the aerospace company’s stock worth $161,000 after purchasing an additional 157 shares during the last quarter. Verity Asset Management Inc. grew its holdings in shares of Heico by 6.3% during the fourth quarter. Verity Asset Management Inc. now owns 4,516 shares of the aerospace company’s stock worth $350,000 after purchasing an additional 266 shares during the last quarter. Finally, Brown Advisory Securities LLC grew its holdings in shares of Heico by 7.2% during the fourth quarter. Brown Advisory Securities LLC now owns 4,217 shares of the aerospace company’s stock worth $320,000 after purchasing an additional 283 shares during the last quarter. Institutional investors own 26.09% of the company’s stock.
In other news, Director Frank J. Schwitter sold 1,756 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $78.07, for a total transaction of $137,090.92. Following the transaction, the director now owns 1,313 shares of the company’s stock, valued at $102,505.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan Schriesheim sold 8,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $85.86, for a total value of $686,880.00. Following the transaction, the director now directly owns 1,700 shares in the company, valued at approximately $145,962. The disclosure for this sale can be found here. Insiders have sold 24,756 shares of company stock worth $2,022,171 in the last ninety days. 9.23% of the stock is currently owned by insiders.
Shares of HEI traded down $0.30 during trading hours on Friday, hitting $103.95. 67,866 shares of the stock traded hands, compared to its average volume of 353,718. The company has a quick ratio of 1.66, a current ratio of 3.48 and a debt-to-equity ratio of 0.38. Heico Corp has a 1-year low of $70.40 and a 1-year high of $107.45. The firm has a market capitalization of $13.80 billion, a PE ratio of 57.43, a price-to-earnings-growth ratio of 4.01 and a beta of 0.85.
Heico (NYSE:HEI) last issued its quarterly earnings results on Tuesday, February 26th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. Heico had a return on equity of 17.72% and a net margin of 14.86%. The business had revenue of $466.15 million for the quarter, compared to analyst estimates of $453.65 million. Analysts anticipate that Heico Corp will post 2.14 EPS for the current year.
Several analysts have recently commented on HEI shares. UBS Group increased their target price on Heico from $85.00 to $112.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. SunTrust Banks restated a “buy” rating and set a $100.00 target price on shares of Heico in a report on Wednesday, February 27th. Cowen began coverage on Heico in a report on Tuesday, March 5th. They set a “market perform” rating and a $95.00 target price on the stock. Vertical Research began coverage on Heico in a research note on Tuesday, January 22nd. They set a “buy” rating and a $91.00 price target on the stock. Finally, Zacks Investment Research lowered Heico from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $96.13.
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HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.
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