Copeland Capital Management LLC Raises Stock Holdings in Heico Corp (NYSE:HEI)

Copeland Capital Management LLC increased its position in Heico Corp (NYSE:HEI) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,963 shares of the aerospace company’s stock after purchasing an additional 996 shares during the period. Copeland Capital Management LLC owned 0.07% of Heico worth $12,234,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HEI. Private Trust Co. NA purchased a new stake in Heico in the second quarter worth $334,000. Empowered Funds LLC purchased a new stake in shares of Heico in the second quarter worth $1,345,000. EFG Asset Management Americas Corp. grew its stake in shares of Heico by 2.6% in the second quarter. EFG Asset Management Americas Corp. now owns 37,583 shares of the aerospace company’s stock worth $5,029,000 after acquiring an additional 967 shares during the last quarter. Dividend Assets Capital LLC purchased a new stake in shares of Heico in the second quarter worth $381,000. Finally, Integrated Investment Consultants LLC purchased a new stake in shares of Heico in the second quarter worth $255,000. 25.49% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently commented on HEI shares. ValuEngine raised Heico from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. DZ Bank reissued a “buy” rating on shares of Heico in a research note on Friday. Morgan Stanley reissued a “neutral” rating and issued a $77.00 target price on shares of Heico in a research note on Friday. Barclays reissued a “neutral” rating and issued a $72.00 target price on shares of Heico in a research note on Thursday, October 17th. Finally, SunTrust Banks increased their target price on Heico from $128.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $110.08.

Shares of NYSE:HEI opened at $122.56 on Tuesday. The company has a market cap of $16.32 billion, a P/E ratio of 67.71, a PEG ratio of 3.43 and a beta of 0.57. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.98 and a quick ratio of 1.44. Heico Corp has a 1 year low of $71.47 and a 1 year high of $147.93. The stock’s fifty day moving average price is $122.58 and its 200-day moving average price is $126.40.

Heico (NYSE:HEI) last announced its quarterly earnings results on Tuesday, August 27th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $532.32 million for the quarter, compared to the consensus estimate of $510.67 million. Heico had a return on equity of 18.58% and a net margin of 15.55%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. On average, sell-side analysts anticipate that Heico Corp will post 2.31 earnings per share for the current year.

In other Heico news, insider Eric A. Mendelson purchased 949 shares of the stock in a transaction dated Tuesday, October 29th. The shares were purchased at an average cost of $120.70 per share, with a total value of $114,544.30. Following the completion of the acquisition, the insider now directly owns 1,198,939 shares in the company, valued at approximately $144,711,937.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frank J. Schwitter purchased 1,210 shares of the stock in a transaction dated Monday, October 28th. The shares were acquired at an average cost of $94.82 per share, for a total transaction of $114,732.20. Following the completion of the acquisition, the director now owns 1,313 shares of the company’s stock, valued at $124,498.66. The disclosure for this purchase can be found here. Corporate insiders own 9.23% of the company’s stock.

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.

Further Reading: Cost of Equity For A Business, Investors

Institutional Ownership by Quarter for Heico (NYSE:HEI)

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