HEICO Co. (NYSE:HEI) Shares Bought by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC boosted its stake in shares of HEICO Co. (NYSE:HEI) by 36.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,144 shares of the aerospace company’s stock after buying an additional 11,207 shares during the period. Sawgrass Asset Management LLC’s holdings in HEICO were worth $7,538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in shares of HEICO in the 3rd quarter valued at $42,000. Beaumont Financial Advisors LLC acquired a new position in shares of HEICO in the 4th quarter valued at $200,000. Sequoia Financial Advisors LLC acquired a new position in shares of HEICO in the 4th quarter valued at $202,000. Anchor Investment Management LLC acquired a new position in shares of HEICO in the 4th quarter valued at $203,000. Finally, Prime Capital Investment Advisors LLC acquired a new position in shares of HEICO in the 4th quarter valued at $214,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

Insiders Place Their Bets

In other news, Director Alan Schriesheim sold 26,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the transaction, the director now owns 155,862 shares in the company, valued at approximately $29,953,559.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Alan Schriesheim sold 26,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the transaction, the director now owns 155,862 shares in the company, valued at approximately $29,953,559.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frank J. Schwitter sold 400 shares of the stock in a transaction dated 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 transaction, the director now owns 1,255 shares in the company, valued at approximately $243,093.50. The disclosure for this sale can be found here. 8.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

HEI has been the topic of several recent analyst reports. Bank of America raised HEICO from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research note on Thursday, January 25th. Stifel Nicolaus upped their price target on HEICO from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Monday. Finally, Royal Bank of Canada boosted their price objective on HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.00.

HEICO Stock Up 0.5 %

NYSE HEI traded up $1.06 during trading hours on Wednesday, hitting $209.48. 286,818 shares of the company were exchanged, compared to its average volume of 370,902. The company has a 50 day moving average of $194.63 and a two-hundred day moving average of $183.07. The company has a quick ratio of 1.40, a current ratio of 3.17 and a debt-to-equity ratio of 0.75. HEICO Co. has a 52-week low of $153.63 and a 52-week high of $213.63. The firm has a market cap of $28.98 billion, a price-to-earnings ratio of 68.12, a PEG ratio of 3.46 and a beta of 1.11.

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