HEICO Co. (NYSE:HEI) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of HEICO Co. (NYSE:HEI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $279.45.

A number of equities research analysts have commented on the company. Barclays set a $280.00 price objective on HEICO and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. UBS Group boosted their price objective on shares of HEICO from $264.00 to $306.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. Wall Street Zen raised shares of HEICO from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Morgan Stanley boosted their price target on shares of HEICO from $270.00 to $305.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Finally, Wells Fargo & Company increased their price objective on HEICO from $244.00 to $278.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th.

HEICO Trading Up 0.6%

Shares of HEICO stock traded up $1.87 during trading on Wednesday, hitting $301.70. The stock had a trading volume of 646,635 shares, compared to its average volume of 477,055. HEICO has a 1 year low of $216.68 and a 1 year high of $305.00. The stock has a 50 day simple moving average of $265.54 and a 200 day simple moving average of $253.56. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $41.97 billion, a PE ratio of 82.43, a P/E/G 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, beating 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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company earned $0.88 earnings per share. The company's revenue for the quarter was up 14.9% on a year-over-year basis. On average, research analysts expect that HEICO will post 4.2 EPS for the current fiscal year.

Insider Transactions at HEICO

In other HEICO news, Director Julie Neitzel sold 700 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total transaction of $172,361.00. Following the completion of the sale, the director now owns 418 shares of the company's stock, valued at $102,924.14. This represents a 62.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Schriesheim sold 35,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $298.36, for a total transaction of $10,442,600.00. Following the completion of the sale, the director now owns 122,197 shares of the company's stock, valued at $36,458,696.92. The trade was a 22.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,056 shares of company stock worth $22,699,941. 9.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HEICO

A number of hedge funds have recently bought and sold shares of HEI. Wealthfront Advisers LLC lifted its position in shares of HEICO by 219,129.4% during the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock worth $5,285,970,000 after purchasing an additional 22,224,106 shares during the last quarter. Bain Capital Public Equity Management II LLC acquired a new position in shares of HEICO during the fourth quarter worth approximately $110,503,000. Freestone Grove Partners LP bought a new stake in shares of HEICO in the fourth quarter valued at approximately $71,030,000. Mackenzie Financial Corp acquired a new stake in shares of HEICO in the first quarter worth $40,949,000. Finally, Squarepoint Ops LLC increased its position in HEICO by 2,203.0% during the fourth quarter. Squarepoint Ops LLC now owns 87,030 shares of the aerospace company's stock worth $20,691,000 after acquiring an additional 83,251 shares during the period. 27.12% of the stock is currently owned by institutional investors.

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.