World Investment Advisors LLC Acquires New Shares in HEICO Co. (NYSE:HEI)

World Investment Advisors LLC acquired a new position in HEICO Co. (NYSE:HEI) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,206 shares of the aerospace company’s stock, valued at approximately $315,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Andra AP fonden purchased a new stake in shares of HEICO in the 2nd quarter worth approximately $45,000. Strategic Financial Concepts LLC bought a new stake in HEICO during the 2nd quarter valued at $67,000. Rakuten Securities Inc. purchased a new position in shares of HEICO in the 3rd quarter valued at $81,000. Hantz Financial Services Inc. bought a new position in shares of HEICO in the 2nd quarter worth $100,000. Finally, Brooklyn Investment Group purchased a new stake in shares of HEICO during the 3rd quarter worth $128,000. 27.12% of the stock is currently owned by institutional investors.

Insider Transactions at HEICO

In related news, CEO Laurans A. Mendelson acquired 725 shares of the stock in a transaction on Friday, October 18th. The shares were acquired at an average price of $262.94 per share, for a total transaction of $190,631.50. Following the transaction, the chief executive officer now owns 929,984 shares in the company, valued at approximately $244,529,992.96. This trade represents a 0.08 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victor H. Mendelson acquired 726 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were purchased at an average cost of $262.94 per share, for a total transaction of $190,894.44. Following the purchase, the insider now directly owns 1,234,950 shares in the company, valued at approximately $324,717,753. This trade represents a 0.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 2,175 shares of company stock worth $571,895 over the last 90 days. 8.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Morgan Stanley lifted their target price on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Stifel Nicolaus increased their target price on shares of HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Robert W. Baird raised their target price on shares of HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft increased their price objective on HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, UBS Group began coverage on HEICO in a research report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price objective for the company. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, HEICO currently has a consensus rating of “Moderate Buy” and an average target price of $270.70.

HEICO Stock Performance

Shares of HEI stock opened at $237.24 on Thursday. The business has a fifty day moving average of $262.18 and a 200 day moving average of $247.74. 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 market capitalization of $32.88 billion, a price-to-earnings ratio of 69.57, a price-to-earnings-growth ratio of 3.14 and a beta of 1.24.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.74 earnings per share. As a group, research analysts expect that HEICO Co. will post 3.64 earnings per share for the current year.

HEICO Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.11 dividend. This represents a dividend yield of 0.1%. The ex-dividend date is Friday, January 3rd. HEICO’s dividend payout ratio (DPR) is currently 6.45%.

HEICO Company Profile

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.