Boothbay Fund Management LLC lessened its position in HEICO Co. (NYSE:HEI) by 6.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,175 shares of the aerospace company’s stock after selling 204 shares during the quarter. Boothbay Fund Management LLC’s holdings in HEICO were worth $332,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Riverbridge Partners LLC raised its holdings in HEICO by 6.1% in the 3rd quarter. Riverbridge Partners LLC now owns 1,170,758 shares of the aerospace company’s stock worth $122,532,000 after acquiring an additional 67,206 shares during the period. Thrivent Financial for Lutherans grew its position in HEICO by 1,657.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 680,627 shares of the aerospace company’s stock worth $67,824,000 after purchasing an additional 641,889 shares during the last quarter. Holocene Advisors LP acquired a new stake in HEICO in the 2nd quarter worth $33,669,000. Peregrine Capital Management LLC grew its position in HEICO by 0.7% in the 3rd quarter. Peregrine Capital Management LLC now owns 286,852 shares of the aerospace company’s stock worth $30,022,000 after purchasing an additional 1,976 shares during the last quarter. Finally, Thornburg Investment Management Inc. grew its position in HEICO by 38.4% in the 2nd quarter. Thornburg Investment Management Inc. now owns 112,808 shares of the aerospace company’s stock worth $11,241,000 after purchasing an additional 31,325 shares during the last quarter. Hedge funds and other institutional investors own 25.60% of the company’s stock.
Several analysts have issued reports on the stock. Credit Suisse Group restated a “buy” rating on shares of HEICO in a research report on Wednesday, August 26th. UBS Group raised their price target on shares of HEICO from $84.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. The Goldman Sachs Group assumed coverage on shares of HEICO in a research report on Wednesday, October 7th. They issued a “buy” rating and a $129.00 price target on the stock. Finally, Canaccord Genuity restated a “hold” rating and issued a $100.00 price target on shares of HEICO in a research report on Wednesday, August 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $104.60.
In other news, Director Julie Neitzel purchased 978 shares of HEICO stock in a transaction on Monday, October 12th. The shares were purchased at an average cost of $111.44 per share, for a total transaction of $108,988.32. Following the completion of the transaction, the director now directly owns 1,066 shares in the company, valued at $118,795.04. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Carlos L. Macau sold 6,670 shares of the business’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $97.64, for a total transaction of $651,258.80. Following the completion of the transaction, the chief financial officer now owns 130,392 shares in the company, valued at $12,731,474.88. The disclosure for this sale can be found here. 8.56% of the stock is currently owned by insiders.
Shares of HEICO stock opened at $131.86 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.91 and a current ratio of 4.97. The firm’s 50-day simple moving average is $122.92 and its 200-day simple moving average is $109.41. HEICO Co. has a twelve month low of $52.01 and a twelve month high of $137.97. The firm has a market cap of $17.79 billion, a P/E ratio of 53.60, a price-to-earnings-growth ratio of 7.36 and a beta of 1.15.
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.
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