Privium Fund Management UK Ltd Buys New Stake in HEICO Co. (NYSE:HEI)

Privium Fund Management UK Ltd purchased a new position in shares of HEICO Co. (NYSE:HEI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,062 shares of the aerospace company’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also made changes to their positions in HEI. Retireful LLC purchased a new stake in shares of HEICO during the 2nd quarter worth approximately $3,084,000. Montag A & Associates Inc. lifted its position in HEICO by 20.9% in the second quarter. Montag A & Associates Inc. now owns 1,497 shares of the aerospace company’s stock valued at $335,000 after acquiring an additional 259 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in HEICO in the second quarter valued at $100,000. Vantage Investment Partners LLC purchased a new position in shares of HEICO during the second quarter worth about $26,993,000. Finally, K.J. Harrison & Partners Inc increased its position in shares of HEICO by 16.2% during the second quarter. K.J. Harrison & Partners Inc now owns 21,540 shares of the aerospace company’s stock worth $4,817,000 after purchasing an additional 3,000 shares in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Eric A. Mendelson sold 2,832 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $180.06, for a total value of $509,929.92. Following the sale, the insider now directly owns 246,060 shares in the company, valued at $44,305,563.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Eric A. Mendelson sold 2,832 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $180.06, for a total value of $509,929.92. Following the sale, the insider now directly owns 246,060 shares in the company, valued at $44,305,563.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric A. Mendelson sold 20,000 shares of HEICO stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $186.09, for a total value of $3,721,800.00. Following the sale, the insider now owns 148,891 shares of the company’s stock, valued at approximately $27,707,126.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,206 shares of company stock worth $15,571,927. Insiders own 8.10% of the company’s stock.

Analyst Ratings Changes

HEI has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on HEICO from $209.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Morgan Stanley raised shares of HEICO from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $178.00 to $225.00 in a research report on Tuesday, June 4th. Robert W. Baird upped their target price on shares of HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Barclays started coverage on HEICO in a research note on Monday, August 19th. They issued an “equal weight” rating and a $250.00 target price on the stock. Finally, Stifel Nicolaus increased their price target on HEICO from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $255.67.

HEICO Stock Down 3.5 %

HEI stock opened at $247.57 on Wednesday. The company’s 50-day moving average price is $234.32 and its 200 day moving average price is $214.98. HEICO Co. has a 52 week low of $155.42 and a 52 week high of $259.04. The company has a current ratio of 3.30, a quick ratio of 1.57 and a debt-to-equity ratio of 0.63. The company has a market cap of $34.29 billion, a P/E ratio of 77.85, a P/E/G ratio of 3.72 and a beta of 1.20.

HEICO (NYSE:HEI) last issued its quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.05. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The firm had revenue of $992.20 million during the quarter, compared to analysts’ expectations of $995.34 million. During the same period in the previous year, the firm posted $0.77 earnings per share. HEICO’s revenue was up 37.3% on a year-over-year basis. On average, research analysts expect that HEICO Co. will post 3.62 earnings per share for the current fiscal year.

HEICO Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were issued a dividend of $0.11 per share. This is an increase from HEICO’s previous Semi-Annual dividend of $0.07. This represents a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 1st. HEICO’s dividend payout ratio (DPR) is 6.92%.

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.