Heico (NYSE:HEI) Rating Lowered to “Hold” at Wall Street Zen

Heico (NYSE:HEI) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company set a $350.00 price objective on shares of Heico and gave the company an “equal weight” rating in a research note on Monday, June 1st. Morgan Stanley set a $370.00 target price on shares of Heico in a research report on Wednesday, July 15th. Rothschild & Co Redburn set a $360.00 target price on shares of Heico and gave the company a “buy” rating in a report on Wednesday, May 13th. UBS Group reiterated a “neutral” rating and set a $390.00 price target (up from $371.00) on shares of Heico in a research report on Monday, June 1st. Finally, Citigroup reissued a “buy” rating and set a $410.00 price target (up from $403.00) on shares of Heico in a research note on Wednesday, July 1st. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $374.56.

Heico Trading Up 0.2%

NYSE:HEI opened at $357.08 on Friday. The stock has a fifty day moving average price of $341.60 and a two-hundred day moving average price of $318.37. The stock has a market capitalization of $49.87 billion, a price-to-earnings ratio of 63.76, a PEG ratio of 3.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.36 and a current ratio of 2.92. Heico has a 1 year low of $256.11 and a 1 year high of $369.48.

Heico (NYSE:HEI) last released its earnings results on Wednesday, May 27th. The aerospace company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.33. Heico had a return on equity of 17.52% and a net margin of 16.08%.The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company earned $1.12 earnings per share. Heico’s quarterly revenue was up 25.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Heico will post 5.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Heico news, CAO Bradley K. Rowen sold 1,326 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total transaction of $320,401.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.86% of the company’s stock.

Institutional Trading of Heico

Several large investors have recently modified their holdings of HEI. IFC & Insurance Marketing Inc. acquired a new position in shares of Heico during the 4th quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC grew its holdings in Heico by 1,000.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock valued at $28,000 after buying an additional 80 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new stake in Heico during the 4th quarter valued at $32,000. V Square Quantitative Management LLC purchased a new position in Heico during the fourth quarter worth $37,000. Finally, FNY Investment Advisers LLC increased its position in Heico by 862.5% during the fourth quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock worth $49,000 after buying an additional 138 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

About Heico

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.