Heico Corp (HEI) Holdings Raised by Schroder Investment Management Group

Schroder Investment Management Group raised its position in Heico Corp (NYSE:HEI) by 25.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,493 shares of the aerospace company’s stock after purchasing an additional 10,096 shares during the period. Schroder Investment Management Group’s holdings in Heico were worth $3,689,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of HEI. BB&T Securities LLC increased its stake in Heico by 27.4% in the first quarter. BB&T Securities LLC now owns 2,773 shares of the aerospace company’s stock valued at $240,000 after purchasing an additional 597 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Heico by 26.5% in the first quarter. Commonwealth Equity Services LLC now owns 15,793 shares of the aerospace company’s stock valued at $1,371,000 after purchasing an additional 3,313 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Heico in the first quarter valued at approximately $214,000. LPL Financial LLC increased its stake in Heico by 17.0% in the first quarter. LPL Financial LLC now owns 23,211 shares of the aerospace company’s stock valued at $2,015,000 after purchasing an additional 3,368 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Heico in the first quarter valued at approximately $1,655,000. 26.72% of the stock is owned by hedge funds and other institutional investors.

HEI has been the subject of several recent analyst reports. SunTrust Banks upped their target price on shares of Heico to $97.00 and gave the company a “buy” rating in a research note on Wednesday, August 29th. Canaccord Genuity increased their price objective on shares of Heico from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, August 29th. ValuEngine raised shares of Heico from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research raised shares of Heico from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, July 20th. Finally, Jefferies Financial Group increased their price objective on shares of Heico to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, August 29th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $88.60.

In related news, Director Alan Schriesheim sold 4,000 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $76.44, for a total value of $305,760.00. Following the completion of the transaction, the director now owns 28,700 shares of the company’s stock, valued at $2,193,828. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Frank J. Schwitter sold 750 shares of the firm’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $76.70, for a total transaction of $57,525.00. The disclosure for this sale can be found here. In the last three months, insiders have bought 2,948 shares of company stock valued at $252,012 and have sold 6,456 shares valued at $511,093. 9.88% of the stock is owned by corporate insiders.

Shares of HEI stock opened at $85.67 on Friday. 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 Corp has a 12-month low of $55.43 and a 12-month high of $94.12. The firm has a market cap of $11.51 billion, a PE ratio of 63.99, a P/E/G ratio of 3.78 and a beta of 0.76.

Heico (NYSE:HEI) last issued its quarterly earnings data on Monday, August 27th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.04. Heico had a net margin of 14.26% and a return on equity of 16.15%. The company had revenue of $465.83 million during the quarter, compared to the consensus estimate of $440.68 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The firm’s revenue was up 19.0% compared to the same quarter last year. On average, research analysts anticipate that Heico Corp will post 1.89 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.

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Institutional Ownership by Quarter for Heico (NYSE:HEI)

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