Polianta Ltd lessened its holdings in shares of Heico Corp (NYSE:HEI) by 13.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,800 shares of the aerospace company’s stock after selling 1,200 shares during the period. Polianta Ltd’s holdings in Heico were worth $974,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HEI. Cambridge Investment Research Advisors Inc. raised its stake in shares of Heico by 41.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,328 shares of the aerospace company’s stock valued at $505,000 after acquiring an additional 1,550 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Heico during the first quarter valued at approximately $313,000. TCW Group Inc. raised its stake in shares of Heico by 4.7% during the first quarter. TCW Group Inc. now owns 81,422 shares of the aerospace company’s stock valued at $7,725,000 after acquiring an additional 3,633 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Heico by 30.8% during the first quarter. Advisory Services Network LLC now owns 13,219 shares of the aerospace company’s stock valued at $1,254,000 after acquiring an additional 3,110 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Heico by 1.4% during the first quarter. Nordea Investment Management AB now owns 52,744 shares of the aerospace company’s stock valued at $5,003,000 after acquiring an additional 739 shares in the last quarter. Institutional investors and hedge funds own 25.56% of the company’s stock.

Several research firms have recently weighed in on HEI. SunTrust Banks lifted their price target on shares of Heico from $128.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Credit Suisse Group lifted their price target on shares of Heico from $133.00 to $163.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. They noted that the move was a valuation call. Robert W. Baird lifted their price target on shares of Heico from $125.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Bank of America downgraded shares of Heico from a “buy” rating to an “underperform” rating and set a $105.00 price target for the company. in a research note on Thursday, July 11th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Heico from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $132.67.

NYSE:HEI traded up $3.16 during trading hours on Wednesday, reaching $125.14. The company’s stock had a trading volume of 273,285 shares, compared to its average volume of 475,603. The company has a market capitalization of $16.60 billion, a P/E ratio of 69.14, a price-to-earnings-growth ratio of 3.84 and a beta of 0.60. Heico Corp has a 12 month low of $71.47 and a 12 month high of $147.93. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.44 and a current ratio of 2.98. The stock has a 50 day moving average price of $133.51 and a two-hundred day moving average price of $122.42.

Heico (NYSE:HEI) last issued its quarterly earnings data on Tuesday, August 27th. The aerospace company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The company had revenue of $532.32 million during the quarter, compared to the consensus estimate of $510.67 million. Heico had a net margin of 15.55% and a return on equity of 18.58%. Heico’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. As a group, analysts predict that Heico Corp will post 2.31 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.

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Institutional Ownership by Quarter for Heico (NYSE:HEI)

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