Praxis Investment Management Inc. Has $3.97 Million Holdings in Heico Corporation $HEI

Praxis Investment Management Inc. lifted its stake in shares of Heico Corporation (NYSE:HEI) by 39.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,282 shares of the aerospace company’s stock after buying an additional 3,452 shares during the period. Praxis Investment Management Inc.’s holdings in Heico were worth $3,965,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Ridgewood Investments LLC boosted its stake in Heico by 36.5% during the second quarter. Ridgewood Investments LLC now owns 131 shares of the aerospace company’s stock worth $43,000 after acquiring an additional 35 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Heico by 17,800.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 178 shares during the period. Banque Transatlantique SA boosted its position in shares of Heico by 36.8% during the 1st quarter. Banque Transatlantique SA now owns 253 shares of the aerospace company’s stock worth $62,000 after purchasing an additional 68 shares in the last quarter. Andra AP fonden acquired a new stake in shares of Heico in the 2nd quarter valued at about $66,000. Finally, Valley National Advisers Inc. bought a new stake in Heico in the 2nd quarter valued at about $114,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Heico in a report on Monday, December 8th. Stifel Nicolaus set a $360.00 price objective on shares of Heico in a report on Tuesday, August 26th. Bank of America upped their target price on shares of Heico from $355.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 5th. UBS Group boosted their price objective on Heico from $346.00 to $375.00 and gave the stock a “neutral” rating in a report on Wednesday, August 27th. Finally, Robert W. Baird raised their target price on Heico from $360.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, August 27th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $345.29.

Insider Buying and Selling

In other Heico news, Director Thomas M. Culligan bought 676 shares of Heico stock in a transaction dated Friday, October 10th. The stock was bought at an average cost of $243.93 per share, with a total value of $164,896.68. Following the completion of the acquisition, the director directly owned 11,030 shares in the company, valued at approximately $2,690,547.90. The trade was a 6.53% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Julie Neitzel purchased 676 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The shares were acquired at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the completion of the acquisition, the director directly owned 676 shares of the company’s stock, valued at $164,896.68. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 4,448 shares of company stock valued at $1,086,933 over the last quarter. Corporate insiders own 9.55% of the company’s stock.

Heico Trading Down 1.5%

Shares of HEI stock opened at $310.61 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.51 and a current ratio of 3.35. The company has a market capitalization of $43.24 billion, a price-to-earnings ratio of 67.97, a PEG ratio of 3.05 and a beta of 1.04. Heico Corporation has a 52-week low of $216.68 and a 52-week high of $338.92. The company has a 50-day simple moving average of $313.87 and a two-hundred day simple moving average of $315.21.

About Heico

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.