Heico Corporation $HEI Shares Purchased by Bath Savings Trust Co

Bath Savings Trust Co boosted its position in shares of Heico Corporation (NYSE:HEI) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,570 shares of the aerospace company’s stock after purchasing an additional 2,542 shares during the period. Heico comprises 1.6% of Bath Savings Trust Co’s holdings, making the stock its 15th largest position. Bath Savings Trust Co’s holdings in Heico were worth $15,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. DSM Capital Partners LLC boosted its position in shares of Heico by 5.4% during the first quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company’s stock worth $221,000 after buying an additional 41 shares during the period. Fortress Financial Solutions LLC raised its position in Heico by 2.8% in the 1st quarter. Fortress Financial Solutions LLC now owns 1,796 shares of the aerospace company’s stock valued at $493,000 after buying an additional 49 shares during the last quarter. Bayban raised its position in Heico by 19.6% in the 1st quarter. Bayban now owns 330 shares of the aerospace company’s stock valued at $90,000 after buying an additional 54 shares during the last quarter. Sumitomo Life Insurance Co. lifted its stake in Heico by 0.6% in the 4th quarter. Sumitomo Life Insurance Co. now owns 9,979 shares of the aerospace company’s stock valued at $3,229,000 after acquiring an additional 59 shares in the last quarter. Finally, Mirador Capital Partners LP boosted its position in Heico by 1.2% during the 2nd quarter. Mirador Capital Partners LP now owns 5,742 shares of the aerospace company’s stock worth $2,045,000 after acquiring an additional 66 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HEI. Guggenheim began coverage on shares of Heico in a research note on Monday, September 14th. They set a “neutral” rating for the company. Melius Research set a $350.00 target price on shares of Heico and gave the stock a “hold” rating in a report on Monday, September 14th. Wall Street Zen downgraded shares of Heico from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley set a $365.00 price target on shares of Heico and gave the company an “equal weight” rating in a research note on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft set a $421.00 price target on shares of Heico and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $391.07.

Heico Stock Down 2.6%

Shares of NYSE:HEI traded down $7.85 during trading on Wednesday, hitting $295.41. 461,706 shares of the company were exchanged, compared to its average volume of 581,695. Heico Corporation has a fifty-two week low of $256.11 and a fifty-two week high of $376.86. The stock has a market cap of $41.29 billion, a price-to-earnings ratio of 49.15, a P/E/G ratio of 2.54 and a beta of 1.09. The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average price of $333.05 and a two-hundred day moving average price of $319.58.

Heico (NYSE:HEI) last released its quarterly earnings data on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.51 by $0.16. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.36 billion. Heico had a return on equity of 18.00% and a net margin of 16.38%.The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. As a group, research analysts anticipate that Heico Corporation will post 6.25 earnings per share for the current fiscal year.

About Heico

HEICO Corporation is an aerospace, defense, and electronics company that designs, manufactures, and distributes specialized products for commercial aviation, defense, space, medical, telecommunications, and other industrial markets. Founded in 1957, the company is headquartered in Hollywood, Florida, and serves customers worldwide, including airlines, original equipment manufacturers, government agencies, and defense contractors.

HEICO operates through two primary segments. Its Flight Support Group produces FAA-approved replacement parts for jet engines and aircraft components, as well as provides aircraft and engine component repair, overhaul, and maintenance services.