HEICO Co. (NYSE:HEI) Shares Purchased by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. boosted its position in HEICO Co. (NYSE:HEI) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,465 shares of the aerospace company’s stock after purchasing an additional 107 shares during the period. Desjardins Global Asset Management Inc.’s holdings in HEICO were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in HEI. NBC Securities Inc. acquired a new stake in HEICO in the third quarter valued at about $42,000. Harbour Investments Inc. lifted its position in HEICO by 41.5% in the second quarter. Harbour Investments Inc. now owns 341 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 100 shares during the period. Janiczek Wealth Management LLC lifted its position in HEICO by 18.3% in the third quarter. Janiczek Wealth Management LLC now owns 447 shares of the aerospace company’s stock valued at $72,000 after purchasing an additional 69 shares during the period. Sunbelt Securities Inc. acquired a new stake in HEICO in the first quarter valued at about $109,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in HEICO in the fourth quarter valued at about $202,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

Wall Street Analyst Weigh In

HEI has been the subject of a number of research reports. Stifel Nicolaus lifted their price target on shares of HEICO from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Royal Bank of Canada lifted their price target on shares of 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 shares of 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 assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, HEICO has an average rating of “Moderate Buy” and an average target price of $204.50.

Insiders Place Their Bets

In other HEICO 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 directly owns 1,255 shares of the company’s stock, valued at approximately $243,093.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other HEICO news, Director Alan Schriesheim sold 26,000 shares of HEICO stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $192.18, for a total value of $4,996,680.00. Following the completion of the sale, the director now directly owns 155,862 shares of the company’s stock, valued at approximately $29,953,559.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank J. Schwitter sold 400 shares of HEICO stock in a transaction that occurred on 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 sale, the director now directly owns 1,255 shares of the company’s stock, valued at $243,093.50. The disclosure for this sale can be found here. 8.10% of the stock is owned by corporate insiders.

HEICO Trading Down 0.5 %

Shares of HEI opened at $196.64 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.17 and a quick ratio of 1.40. The firm has a 50 day simple moving average of $191.28 and a 200-day simple moving average of $178.88. HEICO Co. has a 1-year low of $153.63 and a 1-year high of $200.64. The stock has a market cap of $27.21 billion, a price-to-earnings ratio of 64.26, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16.

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