K.J. Harrison & Partners Inc Sells 180 Shares of HEICO Co. (NYSE:HEI)

K.J. Harrison & Partners Inc reduced its holdings in HEICO Co. (NYSE:HEI) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,600 shares of the aerospace company’s stock after selling 180 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in HEICO were worth $2,969,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. NBC Securities Inc. purchased a new position in HEICO during the 3rd quarter valued at $42,000. Beaumont Financial Advisors LLC bought a new stake in HEICO during the 4th quarter valued at approximately $200,000. Sequoia Financial Advisors LLC bought a new position in shares of HEICO in the 4th quarter worth approximately $202,000. Anchor Investment Management LLC bought a new position in shares of HEICO in the 4th quarter worth approximately $203,000. Finally, Prime Capital Investment Advisors LLC purchased a new position in shares of HEICO in the 4th quarter valued at approximately $214,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Royal Bank of Canada raised their price objective on HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Bank of America raised HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Thursday, January 25th. Finally, Stifel Nicolaus raised their price target on HEICO from $210.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $204.50.

Insider Transactions at HEICO

In other news, Director Frank J. Schwitter sold 400 shares of HEICO stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the transaction, the director now owns 1,255 shares in the company, valued at approximately $243,093.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other HEICO news, Director Frank J. Schwitter sold 400 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was 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 owns 1,255 shares in the company, valued at $243,093.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alan Schriesheim sold 26,000 shares of the firm’s 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 completion of the transaction, the director now directly owns 155,862 shares in the company, valued at approximately $29,953,559.16. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

HEICO Stock Performance

Shares of NYSE HEI traded down $0.36 during trading on Friday, reaching $206.46. 298,597 shares of the company traded hands, compared to its average volume of 370,989. The company has a quick ratio of 1.40, a current ratio of 3.17 and a debt-to-equity ratio of 0.75. The firm has a 50 day simple moving average of $192.77 and a 200-day simple moving average of $180.63. HEICO Co. has a 52-week low of $153.63 and a 52-week high of $209.65. The stock has a market capitalization of $28.57 billion, a PE ratio of 67.47, a P/E/G ratio of 3.35 and a beta of 1.16.

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

HEICO 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.