SG Americas Securities LLC Grows Position in Heico Corporation (NYSE:HEI)

SG Americas Securities LLC grew its holdings in Heico Corporation (NYSE:HEI - Free Report) by 123.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,613 shares of the aerospace company's stock after acquiring an additional 891 shares during the period. SG Americas Securities LLC's holdings in Heico were worth $431,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Wealthfront Advisers LLC boosted its stake in shares of Heico by 219,129.4% in the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock valued at $5,285,970,000 after buying an additional 22,224,106 shares during the period. Bain Capital Public Equity Management II LLC acquired a new stake in Heico in the fourth quarter valued at approximately $110,503,000. Fisher Asset Management LLC lifted its stake in Heico by 19.1% in the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock worth $98,791,000 after acquiring an additional 66,583 shares during the last quarter. Two Sigma Advisers LP grew its holdings in Heico by 2.3% during the 4th quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company's stock worth $88,244,000 after acquiring an additional 8,300 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in shares of Heico in the 4th quarter valued at approximately $71,030,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HEI shares. William Blair reiterated an "outperform" rating on shares of Heico in a research note on Tuesday, March 25th. Barclays set a $280.00 price target on Heico and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Wells Fargo & Company boosted their price objective on shares of Heico from $244.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Wall Street Zen upgraded shares of Heico from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, UBS Group raised their price objective on Heico from $264.00 to $306.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Heico presently has an average rating of "Moderate Buy" and an average target price of $286.00.

Insiders Place Their Bets

In related news, Director Frank J. Schwitter sold 356 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $299.10, for a total value of $106,479.60. Following the sale, the director now directly owns 1,500 shares of the company's stock, valued at approximately $448,650. This represents a 19.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan Schriesheim sold 50,000 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the transaction, the director now owns 157,197 shares of the company's stock, valued at $37,659,685.29. This trade represents a 24.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,056 shares of company stock worth $22,699,941. 9.55% of the stock is owned by company insiders.

Heico Stock Performance

NYSE:HEI traded up $5.02 during midday trading on Friday, reaching $326.30. The stock had a trading volume of 634,384 shares, compared to its average volume of 547,793. The stock has a market cap of $45.39 billion, a P/E ratio of 76.24, a P/E/G ratio of 4.02 and a beta of 1.07. The firm has a fifty day simple moving average of $281.18 and a two-hundred day simple moving average of $257.15. 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 12-month low of $216.68 and a 12-month high of $326.80.

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

Heico Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a yield of 0.1%. This is an increase from Heico's previous semi-annual dividend of $0.11. Heico's payout ratio is currently 5.14%.

About Heico

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.