14,641 Shares in HEICO Co. (NYSE:HEI) Bought by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new position in HEICO Co. (NYSE:HEI) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 14,641 shares of the aerospace company’s stock, valued at approximately $2,796,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital International Ltd. CA grew its holdings in HEICO by 2.7% during the 1st quarter. Capital International Ltd. CA now owns 30,335 shares of the aerospace company’s stock worth $5,794,000 after acquiring an additional 787 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in HEICO by 3.6% during the 1st quarter. Advisors Asset Management Inc. now owns 15,926 shares of the aerospace company’s stock worth $3,042,000 after acquiring an additional 548 shares during the last quarter. Glaxis Capital Management LLC bought a new stake in HEICO during the 1st quarter worth approximately $1,337,000. Element Capital Management LLC bought a new stake in HEICO during the 1st quarter worth approximately $1,011,000. Finally, Fortis Capital Advisors LLC bought a new stake in HEICO during the 1st quarter worth approximately $393,000. 27.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HEI. Benchmark increased their target price on shares of HEICO from $185.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. Bank of America increased their target price on shares of HEICO from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Morgan Stanley raised shares of HEICO from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $178.00 to $225.00 in a research note on Tuesday, June 4th. Stifel Nicolaus upped their price objective on shares of HEICO from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of HEICO from $209.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, HEICO currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.89.

HEICO Stock Performance

HEI traded up $3.47 during trading on Friday, hitting $234.23. 258,067 shares of the company traded hands, compared to its average volume of 379,794. The firm has a market cap of $32.44 billion, a P/E ratio of 73.66, a price-to-earnings-growth ratio of 3.43 and a beta of 1.20. The stock’s fifty day moving average is $224.39 and its 200 day moving average is $203.65. The company has a quick ratio of 1.57, a current ratio of 3.52 and a debt-to-equity ratio of 0.69. HEICO Co. has a one year low of $155.42 and a one year high of $237.45.

HEICO (NYSE:HEI) last issued its earnings results on Tuesday, May 28th. The aerospace company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The firm had revenue of $955.40 million during the quarter, compared to analyst estimates of $951.24 million. HEICO had a net margin of 12.62% and a return on equity of 14.26%. The company’s quarterly revenue was up 38.9% on a year-over-year basis. During the same quarter last year, the business earned $0.76 earnings per share. As a group, equities analysts predict that HEICO Co. will post 3.57 EPS for the current fiscal year.

HEICO Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were given a dividend of $0.11 per share. This represents a yield of 0.1%. The ex-dividend date was Monday, July 1st. This is a positive change from HEICO’s previous Semi-Annual dividend of $0.07. HEICO’s dividend payout ratio (DPR) is currently 6.92%.

Insiders Place Their Bets

In other HEICO news, insider Eric A. Mendelson sold 2,832 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $180.06, for a total transaction of $509,929.92. Following the completion of the transaction, the insider now owns 246,060 shares in the company, valued at $44,305,563.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Eric A. Mendelson sold 2,832 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $180.06, for a total value of $509,929.92. Following the completion of the transaction, the insider now directly owns 246,060 shares in the company, valued at $44,305,563.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric A. Mendelson sold 53,510 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $182.02, for a total transaction of $9,739,890.20. Following the completion of the transaction, the insider now owns 168,891 shares of the company’s stock, valued at $30,741,539.82. The disclosure for this sale can be found here. Insiders sold 85,206 shares of company stock worth $15,571,927 over the last quarter. 8.10% of the stock is currently owned by company insiders.

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. 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.