Insider Selling: HEICO Co. (NYSE:HEI) Director Sells 35,000 Shares of Stock

HEICO Co. (NYSE:HEI - Get Free Report) Director Alan Schriesheim sold 35,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $298.36, for a total transaction of $10,442,600.00. Following the completion of the transaction, the director now directly owns 122,197 shares in the company, valued at $36,458,696.92. This trade represents a 22.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Alan Schriesheim also recently made the following trade(s):

• On Tuesday, April 22nd, Alan Schriesheim sold 50,000 shares of HEICO stock. The shares were sold at an average price of $239.57, for a total value of $11,978,500.00.

HEICO Stock Performance

NYSE:HEI traded up $2.73 during trading hours on Friday, reaching $303.87. The stock had a trading volume of 43,872 shares, compared to its average volume of 473,703. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The stock has a 50 day simple moving average of $263.38 and a 200 day simple moving average of $253.18. HEICO Co. has a 12-month low of $216.68 and a 12-month high of $304.70. The stock has a market cap of $42.22 billion, a P/E ratio of 83.09, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07.

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 analysts' consensus estimates of $1.03 by $0.09. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted $0.88 earnings per share. The business's revenue for the quarter was up 14.9% on a year-over-year basis. On average, research analysts forecast that HEICO Co. will post 4.2 EPS for the current fiscal year.

Institutional Trading of HEICO

Hedge funds and other institutional investors have recently modified their holdings of the business. Ridgewood Investments LLC raised its position in shares of HEICO by 92.0% in the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 46 shares during the period. Costello Asset Management INC bought a new stake in shares of HEICO in the first quarter valued at approximately $27,000. NBC Securities Inc. bought a new stake in shares of HEICO in the first quarter valued at approximately $27,000. Compass Financial Services Inc bought a new stake in shares of HEICO in the fourth quarter valued at approximately $26,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of 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 valued at $48,000 after purchasing an additional 178 shares during the period. Institutional investors own 27.12% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. UBS Group raised their target price on HEICO from $264.00 to $306.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Barclays raised their target price on HEICO from $250.00 to $280.00 and gave the company an "equal weight" rating in a report on Monday. William Blair reissued an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Wells Fargo & Company raised their price target on shares of HEICO from $244.00 to $278.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Finally, Morgan Stanley raised their price target on shares of HEICO from $270.00 to $305.00 and gave the company an "equal weight" rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, HEICO currently has an average rating of "Moderate Buy" and an average price target of $279.45.

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.