Holocene Advisors LP Buys 263 Shares of HEICO Co. (NYSE:HEI)

Holocene Advisors LP raised its stake in HEICO Co. (NYSE:HEI) by 5.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,821 shares of the aerospace company’s stock after purchasing an additional 263 shares during the quarter. Holocene Advisors LP’s holdings in HEICO were worth $1,261,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HEI. Driehaus Capital Management LLC raised its holdings in HEICO by 66.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after buying an additional 77,067 shares during the last quarter. AdvisorShares Investments LLC grew its stake 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 purchasing an additional 2,244 shares during the last quarter. Bright Rock Capital Management LLC purchased a new position in HEICO during the 3rd quarter valued at about $1,830,000. Seven Eight Capital LP bought a new position in HEICO during the 2nd quarter valued at approximately $423,000. Finally, Acadian Asset Management LLC purchased a new stake in HEICO in the 2nd quarter worth approximately $1,330,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Insider Transactions at HEICO

In other news, Director Alan Schriesheim bought 724 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was acquired at an average cost of $262.94 per share, with a total value of $190,368.56. Following the completion of the acquisition, the director now owns 174,878 shares of the company’s stock, valued at approximately $45,982,421.32. This represents a 0.42 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Laurans A. Mendelson bought 725 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was purchased at an average price of $262.94 per share, for a total transaction of $190,631.50. Following the purchase, the chief executive officer now owns 929,984 shares of the company’s stock, valued at approximately $244,529,992.96. This represents a 0.08 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 2,175 shares of company stock valued at $571,895 in the last quarter. 8.10% of the stock is owned by insiders.

HEICO Trading Down 2.0 %

HEICO stock opened at $263.73 on Friday. HEICO Co. has a 12 month low of $169.70 and a 12 month high of $283.60. The company has a market capitalization of $36.55 billion, a price-to-earnings ratio of 77.34, a price-to-earnings-growth ratio of 3.25 and a beta of 1.24. The business’s fifty day simple moving average is $263.13 and its two-hundred day simple moving average is $245.34. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63.

Analysts Set New Price Targets

Several research firms have recently issued reports on HEI. Bank of America boosted their target price on HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Royal Bank of Canada lifted their target price on shares of HEICO from $250.00 to $272.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Stifel Nicolaus increased their price target on shares of HEICO from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. UBS Group assumed coverage on HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $270.70.

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.