Atom Investors LP Takes Position in HEICO Co. (NYSE:HEI)

Atom Investors LP purchased a new position in shares of HEICO Co. (NYSE:HEIFree Report) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 4,318 shares of the aerospace company’s stock, valued at approximately $1,129,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Centaurus Financial Inc. lifted its position in HEICO by 8.9% during the third quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock worth $191,000 after buying an additional 60 shares in the last quarter. Moody Lynn & Lieberson LLC grew its holdings in shares of HEICO by 1.8% in the third quarter. Moody Lynn & Lieberson LLC now owns 4,186 shares of the aerospace company’s stock valued at $1,095,000 after purchasing an additional 73 shares in the last quarter. Clear Harbor Asset Management LLC grew its stake in HEICO by 0.4% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 22,845 shares of the aerospace company’s stock worth $5,109,000 after purchasing an additional 80 shares in the last quarter. MGB Wealth Management LLC grew its holdings in HEICO by 3.6% during the 3rd quarter. MGB Wealth Management LLC now owns 2,900 shares of the aerospace company’s stock worth $758,000 after acquiring an additional 100 shares in the last quarter. Finally, Avalon Capital Management grew its stake in shares of HEICO by 3.5% during the second quarter. Avalon Capital Management now owns 3,613 shares of the aerospace company’s stock worth $808,000 after purchasing an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Trading Down 0.3 %

Shares of HEI opened at $267.96 on Wednesday. HEICO Co. has a 1-year low of $169.70 and a 1-year high of $283.60. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. The firm has a 50 day simple moving average of $262.70 and a 200-day simple moving average of $244.29. The stock has a market cap of $37.14 billion, a price-to-earnings ratio of 78.58, a price-to-earnings-growth ratio of 3.26 and a beta of 1.24.

Insider Transactions at HEICO

In other HEICO news, insider Victor H. Mendelson purchased 726 shares of the business’s stock in a transaction on Friday, October 18th. The stock was bought at an average cost of $262.94 per share, for a total transaction of $190,894.44. Following the acquisition, the insider now owns 1,234,950 shares of the company’s stock, valued at approximately $324,717,753. The trade was a 0.06 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alan Schriesheim acquired 724 shares of the stock in a transaction dated Friday, October 18th. The stock was acquired at an average cost of $262.94 per share, with a total value of $190,368.56. Following the transaction, the director now owns 174,878 shares of the company’s stock, valued at approximately $45,982,421.32. This trade represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 2,175 shares of company stock valued at $571,895 over the last three months. 8.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barclays began coverage on shares of HEICO in a research report on Monday, August 19th. They issued an “equal weight” rating and a $250.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price target on HEICO from $235.00 to $271.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Stifel Nicolaus upped their price objective on HEICO from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Benchmark reiterated a “buy” rating and issued a $245.00 price objective on shares of HEICO in a research note on Tuesday, August 27th. Finally, Truist Financial upped their target price on shares of HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.70.

Get Our Latest Stock Analysis on HEI

About HEICO

(Free Report)

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.

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Want to see what other hedge funds are holding HEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HEICO Co. (NYSE:HEIFree Report).

Institutional Ownership by Quarter for HEICO (NYSE:HEI)

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