HEICO Co. (NYSE:HEI) Shares Sold by Bath Savings Trust Co

Bath Savings Trust Co cut its position in HEICO Co. (NYSE:HEI) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,398 shares of the aerospace company’s stock after selling 575 shares during the period. Bath Savings Trust Co’s holdings in HEICO were worth $8,210,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC grew its holdings in HEICO by 3,192.9% during the first quarter. Lazard Asset Management LLC now owns 1,138,939 shares of the aerospace company’s stock worth $174,872,000 after acquiring an additional 1,104,351 shares during the period. Select Equity Group L.P. acquired a new stake in HEICO during the first quarter worth about $85,710,000. Balyasny Asset Management L.P. grew its holdings in HEICO by 336.7% during the first quarter. Balyasny Asset Management L.P. now owns 348,363 shares of the aerospace company’s stock worth $59,584,000 after acquiring an additional 268,584 shares during the period. Wellington Management Group LLP acquired a new stake in HEICO during the first quarter worth about $35,606,000. Finally, Balyasny Asset Management LLC grew its holdings in HEICO by 2,002.7% during the third quarter. Balyasny Asset Management LLC now owns 155,033 shares of the aerospace company’s stock worth $22,322,000 after acquiring an additional 147,660 shares during the period. 27.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HEICO

In other HEICO news, Director Alan Schriesheim sold 2,000 shares of HEICO stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $164.23, for a total value of $328,460.00. Following the sale, the director now owns 105,111 shares in the company, valued at $17,262,379.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.26% of the company’s stock.

HEICO Price Performance

Shares of NYSE HEI traded up $2.84 during midday trading on Monday, hitting $167.40. The stock had a trading volume of 122,047 shares, compared to its average volume of 343,555. The company has a market capitalization of $23.13 billion, a PE ratio of 57.41, a P/E/G ratio of 4.41 and a beta of 1.18. The stock has a 50 day simple moving average of $170.82 and a 200-day simple moving average of $169.54. HEICO Co. has a 1 year low of $138.82 and a 1 year high of $182.18. The company has a quick ratio of 2.50, a current ratio of 4.03 and a debt-to-equity ratio of 0.41.

HEICO (NYSE:HEI) last posted its earnings results on Tuesday, August 29th. The aerospace company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. HEICO had a return on equity of 14.30% and a net margin of 15.05%. The company had revenue of $722.90 million for the quarter, compared to the consensus estimate of $701.55 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, sell-side analysts expect that HEICO Co. will post 2.89 EPS for the current fiscal year.

Analysts Set New Price Targets

HEI has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of HEICO in a report on Wednesday, August 30th. Benchmark raised their price objective on HEICO from $170.00 to $185.00 in a report on Wednesday, August 30th. Bank of America raised their price objective on HEICO from $190.00 to $220.00 in a report on Tuesday, June 13th. StockNews.com started coverage on HEICO in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group raised their price objective on HEICO from $204.00 to $206.00 in a report on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, HEICO presently has an average rating of “Moderate Buy” and an average price target of $197.40.

About HEICO

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services. 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.