ETRADE Capital Management LLC grew its position in shares of HEICO Corp (NYSE:HEI) by 24.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,270 shares of the aerospace company’s stock after buying an additional 843 shares during the quarter. ETRADE Capital Management LLC’s holdings in HEICO were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. bought a new position in shares of HEICO during the 4th quarter valued at $118,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of HEICO by 790.8% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,452 shares of the aerospace company’s stock valued at $126,000 after buying an additional 1,289 shares during the period. Captrust Financial Advisors bought a new position in shares of HEICO during the 4th quarter valued at $129,000. BB&T Securities LLC bought a new position in shares of HEICO during the 4th quarter valued at $205,000. Finally, AMP Capital Investors Ltd bought a new position in shares of HEICO during the 4th quarter valued at $236,000. 27.67% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Alan Schriesheim sold 2,000 shares of the firm’s stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $87.83, for a total value of $175,660.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank J. Schwitter sold 2,500 shares of the firm’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $69.35, for a total value of $173,375.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,263 shares of company stock worth $840,340. 9.88% of the stock is owned by insiders.
Several equities analysts have recently weighed in on HEI shares. Jefferies Group set a $90.00 price target on HEICO and gave the company a “buy” rating in a report on Wednesday, February 14th. Zacks Investment Research raised HEICO from a “hold” rating to a “strong-buy” rating and set a $93.00 price target on the stock in a report on Tuesday, February 20th. Canaccord Genuity reissued a “buy” rating on shares of HEICO in a report on Friday, February 23rd. Credit Suisse Group reissued an “outperform” rating and set a $97.00 price target (up from $87.20) on shares of HEICO in a report on Thursday, March 1st. Finally, SunTrust Banks reissued a “buy” rating on shares of HEICO in a report on Thursday, March 1st. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. HEICO presently has an average rating of “Buy” and an average target price of $86.73.
Shares of HEICO stock opened at $91.77 on Tuesday. HEICO Corp has a one year low of $56.47 and a one year high of $93.55. The firm has a market capitalization of $9.63 billion, a P/E ratio of 54.30, a P/E/G ratio of 3.34 and a beta of 0.71. The company has a current ratio of 2.89, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50.
HEICO (NYSE:HEI) last announced its earnings results on Tuesday, February 27th. The aerospace company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). HEICO had a return on equity of 14.80% and a net margin of 13.26%. The company had revenue of $404.41 million during the quarter, compared to the consensus estimate of $394.23 million. analysts forecast that HEICO Corp will post 2.25 earnings per share for the current year.
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 for aerospace and industrial original equipment manufacturers, and the United States government.
Receive News & Ratings for HEICO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HEICO and related companies with MarketBeat.com's FREE daily email newsletter.