Cubist Systematic Strategies LLC decreased its position in shares of Heico Corp (NYSE:HEI) by 27.6% in the second quarter, Holdings Channel reports. The firm owned 16,560 shares of the aerospace company’s stock after selling 6,302 shares during the period. Cubist Systematic Strategies LLC’s holdings in Heico were worth $1,208,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bahl & Gaynor Inc. boosted its position in Heico by 24.5% during the first quarter. Bahl & Gaynor Inc. now owns 35,883 shares of the aerospace company’s stock valued at $3,115,000 after purchasing an additional 7,065 shares during the last quarter. Rational Advisors LLC acquired a new stake in Heico during the first quarter valued at $451,000. Raymond James Financial Services Advisors Inc. boosted its position in Heico by 111.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 27,765 shares of the aerospace company’s stock valued at $2,025,000 after purchasing an additional 14,654 shares during the last quarter. FineMark National Bank & Trust acquired a new stake in Heico during the second quarter valued at $208,000. Finally, Hancock Holding Co. boosted its position in Heico by 1.5% during the first quarter. Hancock Holding Co. now owns 117,572 shares of the aerospace company’s stock valued at $10,206,000 after purchasing an additional 1,694 shares during the last quarter. 26.91% of the stock is owned by hedge funds and other institutional investors.

In other Heico news, Director Julie Neitzel sold 1,706 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $86.64, for a total value of $147,807.84. Following the completion of the sale, the director now owns 392 shares of the company’s stock, valued at $33,962.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan Schriesheim sold 5,347 shares of the business’s stock in a transaction dated Wednesday, July 11th. The stock was sold at an average price of $62.59, for a total value of $334,668.73. Following the completion of the sale, the director now directly owns 16,041 shares of the company’s stock, valued at approximately $1,004,006.19. The disclosure for this sale can be found here. Insiders sold 11,803 shares of company stock valued at $845,762 in the last ninety days. Insiders own 9.88% of the company’s stock.

A number of research firms recently issued reports on HEI. UBS Group lifted their price objective on Heico from $83.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, August 30th. Zacks Investment Research cut Heico from a “buy” rating to a “hold” rating in a research report on Thursday, May 24th. Jefferies Financial Group lifted their price objective on Heico to $100.00 and gave the company a “buy” rating in a research report on Wednesday, August 29th. Canaccord Genuity lifted their price objective on Heico from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, August 29th. Finally, ValuEngine raised Heico from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Heico presently has an average rating of “Buy” and an average target price of $88.60.

Shares of NYSE:HEI opened at $92.60 on Wednesday. Heico Corp has a fifty-two week low of $55.12 and a fifty-two week high of $94.12. The stock has a market capitalization of $12.44 billion, a price-to-earnings ratio of 68.59, a P/E/G ratio of 4.12 and a beta of 0.77. The company has a quick ratio of 1.32, a current ratio of 2.86 and a debt-to-equity ratio of 0.44.

Heico (NYSE:HEI) last announced its quarterly earnings results on Monday, August 27th. The aerospace company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. Heico had a return on equity of 16.15% and a net margin of 14.26%. The company had revenue of $465.83 million during the quarter, compared to analysts’ expectations of $440.68 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. analysts predict that Heico Corp will post 1.88 EPS for the current fiscal year.

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. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components for aerospace and industrial original equipment manufacturers, and the United States government.

Featured Story: Leveraged Buyout (LBO) Explained

Want to see what other hedge funds are holding HEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heico Corp (NYSE:HEI).

Institutional Ownership by Quarter for Heico (NYSE:HEI)

Receive News & Ratings for Heico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heico and related companies with MarketBeat.com's FREE daily email newsletter.