3,733 Shares in Heico Corporation $HEI Bought by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privee UBP SA purchased 3,733 shares of Heico Corporation, valued at approximately $1,224,000, marking its entrance into a new position during the second quarter.
• Heico's total revenue increased by 15.7% year-over-year, reaching $1.15 billion for the recent quarter, surpassing analysts' expectations.
• Goldman Sachs recently upgraded Heico's rating to "buy" with a price target set at $382.00, indicating confidence in the company's performance.

Union Bancaire Privee UBP SA acquired a new position in Heico Corporation (NYSE:HEI - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,733 shares of the aerospace company's stock, valued at approximately $1,224,000.

A number of other large investors have also recently bought and sold shares of HEI. Ridgewood Investments LLC boosted its holdings in Heico by 92.0% in the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company's stock worth $26,000 after purchasing an additional 46 shares in the last quarter. NBC Securities Inc. bought a new stake in Heico in the first quarter worth $27,000. Costello Asset Management INC bought a new stake in Heico in the first quarter worth $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in Heico by 17,800.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company's stock worth $48,000 after purchasing an additional 178 shares in the last quarter. Finally, Banque Transatlantique SA boosted its holdings in Heico by 36.8% in the first 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. 27.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Heico

In related news, Chairman Laurans A. Mendelson sold 56,300 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $319.45, for a total value of $17,985,035.00. Following the completion of the sale, the chairman owned 1,253,127 shares in the company, valued at approximately $400,311,420.15. This trade represents a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.55% of the company's stock.

Heico Stock Up 1.6%

NYSE HEI opened at $322.90 on Wednesday. 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 firm has a 50-day simple moving average of $317.82 and a 200 day simple moving average of $294.40. Heico Corporation has a twelve month low of $216.68 and a twelve month high of $338.92. The stock has a market cap of $44.95 billion, a PE ratio of 70.66, a PEG ratio of 3.73 and a beta of 1.08.

Heico (NYSE:HEI - Get Free Report) last released its earnings results on Monday, August 25th. The aerospace company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.14. Heico had a net margin of 14.96% and a return on equity of 16.29%. The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter last year, the company earned $0.97 earnings per share. The firm's revenue was up 15.7% on a year-over-year basis. On average, research analysts forecast that Heico Corporation will post 4.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HEI shares. The Goldman Sachs Group restated a "buy" rating and set a $382.00 price target (up from $337.00) on shares of Heico in a report on Wednesday, August 27th. Royal Bank Of Canada set a $350.00 price target on shares of Heico in a report on Wednesday, August 27th. Stifel Nicolaus set a $360.00 price target on shares of Heico in a report on Tuesday, August 26th. Wall Street Zen upgraded shares of Heico from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, Zacks Research upgraded shares of Heico to a "hold" rating in a report on Monday, August 11th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $346.09.

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. 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.

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