Private Advisor Group LLC Purchases 7,500 Shares of Heico Corporation (NYSE:HEI)

Private Advisor Group LLC lifted its position in shares of Heico Corporation (NYSE:HEI - Free Report) by 67.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,654 shares of the aerospace company's stock after purchasing an additional 7,500 shares during the quarter. Private Advisor Group LLC's holdings in Heico were worth $4,984,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new stake in Heico in the 4th quarter valued at $354,000. Stevens Capital Management LP acquired a new stake in Heico in the 4th quarter valued at $323,000. Emerald Advisers LLC boosted its stake in Heico by 30.4% in the 4th quarter. Emerald Advisers LLC now owns 3,108 shares of the aerospace company's stock valued at $739,000 after buying an additional 725 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Heico in the 4th quarter valued at $220,000. Finally, Orion Portfolio Solutions LLC boosted its stake in Heico by 8.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 1,020 shares of the aerospace company's stock valued at $242,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

Heico Trading Up 0.9%

NYSE HEI traded up $3.01 on Friday, reaching $323.41. The company had a trading volume of 208,479 shares, compared to its average volume of 378,694. The stock's 50 day moving average is $307.57 and its 200-day moving average is $268.37. The stock has a market cap of $44.99 billion, a price-to-earnings ratio of 75.56, a PEG ratio of 3.99 and a beta of 1.08. The company has a quick ratio of 1.56, a current ratio of 3.43 and a debt-to-equity ratio of 0.56. Heico Corporation has a 52 week low of $216.68 and a 52 week high of $328.64.

Heico (NYSE:HEI - Get Free Report) last released its quarterly earnings data on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.09. Heico had a return on equity of 15.88% and a net margin of 14.54%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. The firm's revenue was up 14.9% on a year-over-year basis. Equities analysts predict that Heico Corporation will post 4.2 earnings per share for the current year.

Heico Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a $0.12 dividend. This is an increase from Heico's previous semi-annual dividend of $0.11. This represents a dividend yield of 0.1%. The ex-dividend date was Tuesday, July 1st. Heico's dividend payout ratio is 5.61%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Stifel Nicolaus set a $352.00 price objective on Heico and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Wells Fargo & Company boosted their price objective on Heico from $244.00 to $278.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. Morgan Stanley boosted their price objective on Heico from $305.00 to $330.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Wall Street Zen lowered Heico from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Finally, Bank of America boosted their price objective on Heico from $320.00 to $355.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $301.45.

Insiders Place Their Bets

In other Heico news, Chairman Laurans A. Mendelson sold 56,300 shares of the stock in a transaction dated Tuesday, July 15th. The stock was 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 directly owned 1,253,127 shares in the company, valued at $400,311,420.15. This represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Schriesheim sold 35,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $298.36, for a total value of $10,442,600.00. Following the transaction, the director directly owned 122,197 shares of the company's stock, valued at $36,458,696.92. This represents a 22.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 91,656 shares of company stock worth $28,534,115 over the last ninety days. 9.55% of the stock is currently owned by corporate insiders.

Heico 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.