Nine Chapters Capital Management LLC acquired a new stake in Heico Corporation (NYSE:HEI) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 3,600 shares of the aerospace company’s stock, valued at approximately $323,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Ironwood Investment Counsel LLC bought a new stake in shares of Heico Corporation during the 3rd quarter worth approximately $201,000. Parametrica Management Ltd acquired a new position in shares of Heico Corporation during the 3rd quarter worth approximately $350,000. Copeland Capital Management LLC increased its holdings in shares of Heico Corporation by 0.3% during the 3rd quarter. Copeland Capital Management LLC now owns 384,041 shares of the aerospace company’s stock worth $34,491,000 after acquiring an additional 1,108 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Heico Corporation during the 3rd quarter worth approximately $343,000. Finally, Steinberg Global Asset Management increased its holdings in shares of Heico Corporation by 4.2% during the 3rd quarter. Steinberg Global Asset Management now owns 20,432 shares of the aerospace company’s stock worth $1,835,000 after acquiring an additional 832 shares during the last quarter. Institutional investors and hedge funds own 26.08% of the company’s stock.
In other Heico Corporation news, VP Thomas S. Irwin sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $76.28, for a total transaction of $1,525,600.00. Following the transaction, the vice president now owns 31,110 shares in the company, valued at approximately $2,373,070.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark H. Hildebrandt bought 1,316 shares of Heico Corporation stock in a transaction on Thursday, October 5th. The shares were purchased at an average price of $76.13 per share, for a total transaction of $100,187.08. The disclosure for this purchase can be found here. Insiders own 9.76% of the company’s stock.
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Heico Corporation (NYSE HEI) traded down $0.30 during trading on Friday, reaching $90.44. The company had a trading volume of 106,200 shares, compared to its average volume of 184,473. Heico Corporation has a twelve month low of $57.17 and a twelve month high of $93.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.39 and a current ratio of 2.89. The stock has a market capitalization of $7,638.11, a PE ratio of 44.60, a price-to-earnings-growth ratio of 4.14 and a beta of 0.74.
Heico Corporation (NYSE:HEI) last posted its quarterly earnings data on Wednesday, August 23rd. The aerospace company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Heico Corporation had a return on equity of 15.56% and a net margin of 12.04%. The firm had revenue of $391.50 million during the quarter, compared to analysts’ expectations of $390.55 million. During the same period in the prior year, the business earned $0.62 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. equities research analysts predict that Heico Corporation will post 2.11 EPS for the current year.
Several research firms have recently issued reports on HEI. Zacks Investment Research raised Heico Corporation from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Wednesday, September 6th. Canaccord Genuity upped their price objective on Heico Corporation from $91.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. BidaskClub downgraded Heico Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Bank of America Corporation upgraded Heico Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $75.00 to $95.00 in a research report on Tuesday, August 29th. Finally, Jefferies Group LLC restated a “hold” rating and set a $89.00 price objective (up from $75.00) on shares of Heico Corporation in a research report on Thursday, August 24th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Heico Corporation currently has an average rating of “Hold” and a consensus price target of $91.67.
Heico Corporation Company Profile
HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
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