TFB Advisors LLC Makes New Investment in HEICO Co. (NYSE:HEI)

TFB Advisors LLC bought a new stake in shares of HEICO Co. (NYSE:HEI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,273 shares of the aerospace company’s stock, valued at approximately $333,000.

Other large investors have also modified their holdings of the company. AGF Management Ltd. raised its stake in HEICO by 61.7% in the second quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock worth $212,417,000 after buying an additional 362,625 shares in the last quarter. EULAV Asset Management increased its holdings in shares of HEICO by 23.4% in the 1st quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company’s stock valued at $67,250,000 after acquiring an additional 66,800 shares during the period. TCW Group Inc. lifted its stake in shares of HEICO by 3.0% during the 2nd quarter. TCW Group Inc. now owns 200,008 shares of the aerospace company’s stock worth $44,724,000 after purchasing an additional 5,779 shares during the last quarter. Driehaus Capital Management LLC boosted its position in HEICO by 66.0% during the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after purchasing an additional 77,067 shares in the last quarter. Finally, Vantage Investment Partners LLC purchased a new position in HEICO in the second quarter valued at about $26,993,000. Institutional investors own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley increased their price target on shares of HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. UBS Group started coverage on HEICO in a research report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price target on the stock. Stifel Nicolaus boosted their target price on HEICO from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Benchmark reiterated a “buy” rating and issued a $245.00 price target on shares of HEICO in a research note on Tuesday, August 27th. Finally, Robert W. Baird upped their price objective on shares of HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $270.70.

Insider Transactions at HEICO

In related news, Director Frank J. Schwitter purchased 475 shares of HEICO stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average cost of $252.26 per share, for a total transaction of $119,823.50. Following the completion of the transaction, the director now owns 1,730 shares in the company, valued at $436,409.80. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Frank J. Schwitter bought 475 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost of $252.26 per share, with a total value of $119,823.50. Following the acquisition, the director now directly owns 1,730 shares in the company, valued at $436,409.80. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Laurans A. Mendelson bought 725 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was purchased at an average price of $262.94 per share, with a total value of $190,631.50. Following the completion of the purchase, the chief executive officer now owns 929,984 shares in the company, valued at approximately $244,529,992.96. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 2,650 shares of company stock worth $691,718 over the last quarter. 8.10% of the stock is currently owned by insiders.

HEICO Price Performance

Shares of NYSE:HEI opened at $259.47 on Friday. HEICO Co. has a twelve month low of $160.98 and a twelve month high of $269.38. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. The company has a market cap of $35.96 billion, a PE ratio of 76.09, a price-to-earnings-growth ratio of 3.17 and a beta of 1.23. The company’s 50 day moving average is $257.84 and its 200 day moving average is $236.80.

HEICO (NYSE:HEI) last issued its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.05. The firm had revenue of $992.20 million during the quarter, compared to analysts’ expectations of $995.34 million. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The firm’s revenue was up 37.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 earnings per share. On average, sell-side analysts forecast that HEICO Co. will post 3.65 EPS for the current year.

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.