MML Investors Services LLC Purchases New Position in Heico Corp (HEI)

MML Investors Services LLC purchased a new position in shares of Heico Corp (NYSE:HEI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,637 shares of the aerospace company’s stock, valued at approximately $429,000.

Several other hedge funds have also modified their holdings of the stock. Chilton Investment Co. LLC lifted its stake in shares of Heico by 29.5% during the 2nd quarter. Chilton Investment Co. LLC now owns 603,108 shares of the aerospace company’s stock worth $43,985,000 after acquiring an additional 137,304 shares during the last quarter. Standard Life Aberdeen plc lifted its stake in shares of Heico by 63.2% during the 2nd quarter. Standard Life Aberdeen plc now owns 584,212 shares of the aerospace company’s stock worth $42,610,000 after acquiring an additional 226,270 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of Heico by 26.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 491,419 shares of the aerospace company’s stock worth $35,839,000 after acquiring an additional 101,939 shares during the last quarter. Navellier & Associates Inc lifted its stake in shares of Heico by 124.1% during the 2nd quarter. Navellier & Associates Inc now owns 128,714 shares of the aerospace company’s stock worth $9,387,000 after acquiring an additional 71,284 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Heico by 23.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 128,432 shares of the aerospace company’s stock worth $9,367,000 after acquiring an additional 24,778 shares during the last quarter. 31.26% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on the company. UBS Group raised their price target on Heico from $83.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, August 30th. Jefferies Financial Group raised their price target on Heico to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, August 29th. SunTrust Banks raised their price target on Heico to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, August 29th. Canaccord Genuity raised their price target on Heico from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, August 29th. Finally, ValuEngine raised Heico from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $88.60.

Shares of NYSE HEI opened at $82.82 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.86 and a quick ratio of 1.32. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 61.35, a PEG ratio of 3.42 and a beta of 0.88. Heico Corp has a twelve month low of $56.49 and a twelve month high of $94.12.

In other Heico news, Director Alan Schriesheim sold 4,000 shares of Heico stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $76.44, for a total transaction of $305,760.00. Following the completion of the sale, the director now directly owns 28,700 shares of the company’s stock, valued at approximately $2,193,828. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Victor H. Mendelson purchased 1,311 shares of Heico stock in a transaction dated Tuesday, October 9th. The stock was bought at an average cost of $88.21 per share, with a total value of $115,643.31. The disclosure for this purchase can be found here. Insiders own 9.88% of the company’s stock.

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Heico Company Profile

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.

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Institutional Ownership by Quarter for Heico (NYSE:HEI)

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