K.J. Harrison & Partners Inc Lowers Stock Position in HEICO Co. (NYSE:HEI)

K.J. Harrison & Partners Inc decreased its position in HEICO Co. (NYSE:HEI) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,600 shares of the aerospace company’s stock after selling 180 shares during the period. K.J. Harrison & Partners Inc’s holdings in HEICO were worth $2,969,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. NBC Securities Inc. purchased a new position in shares of HEICO during the 3rd quarter valued at approximately $42,000. Beaumont Financial Advisors LLC purchased a new position in HEICO during the fourth quarter valued at $200,000. Sequoia Financial Advisors LLC purchased a new position in HEICO during the fourth quarter valued at $202,000. Anchor Investment Management LLC acquired a new stake in shares of HEICO in the fourth quarter valued at about $203,000. Finally, Prime Capital Investment Advisors LLC purchased a new stake in shares of HEICO during the fourth quarter worth about $214,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

HEICO Trading Down 0.2 %

NYSE:HEI traded down $0.36 on Friday, reaching $206.46. The company’s stock had a trading volume of 298,597 shares, compared to its average volume of 370,989. HEICO Co. has a 12-month low of $153.63 and a 12-month high of $209.65. The stock has a 50 day moving average price of $192.77 and a 200 day moving average price of $180.63. The firm has a market cap of $28.57 billion, a price-to-earnings ratio of 67.47, a price-to-earnings-growth ratio of 3.35 and a beta of 1.16. The company has a quick ratio of 1.40, a current ratio of 3.17 and a debt-to-equity ratio of 0.75.

HEICO (NYSE:HEI) last issued its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. The firm had revenue of $896.36 million for the quarter, compared to analyst estimates of $891.32 million. HEICO had a net margin of 13.11% and a return on equity of 14.35%. HEICO’s revenue was up 44.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. On average, equities analysts anticipate that HEICO Co. will post 3.47 EPS for the current fiscal year.

Insider Transactions at HEICO

In related news, Director Frank J. Schwitter sold 400 shares of HEICO stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total value of $77,480.00. Following the completion of the sale, the director now owns 1,255 shares in the company, valued at approximately $243,093.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Frank J. Schwitter sold 400 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the transaction, the director now directly owns 1,255 shares in the company, valued at approximately $243,093.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan Schriesheim sold 26,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the sale, the director now owns 155,862 shares in the company, valued at $29,953,559.16. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

HEI has been the topic of a number of research reports. Stifel Nicolaus raised their price target on shares of HEICO from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Royal Bank of Canada raised their target price on HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Finally, Bank of America upgraded HEICO from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $204.50.

About HEICO

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.