AGF Management Ltd. Invests $2.90 Million in HEICO Co. (NYSE:HEI)

AGF Management Ltd. acquired a new stake in HEICO Co. (NYSE:HEI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,208 shares of the aerospace company's stock, valued at approximately $2,899,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HEI. Sawgrass Asset Management LLC boosted its holdings in HEICO by 36.2% during the fourth quarter. Sawgrass Asset Management LLC now owns 42,144 shares of the aerospace company's stock worth $7,538,000 after buying an additional 11,207 shares during the last quarter. Private Advisor Group LLC raised its position in shares of HEICO by 0.7% in the 4th quarter. Private Advisor Group LLC now owns 12,456 shares of the aerospace company's stock valued at $2,228,000 after acquiring an additional 81 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in HEICO by 127.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 4,551 shares of the aerospace company's stock worth $814,000 after acquiring an additional 2,552 shares during the last quarter. Bahl & Gaynor Inc. grew its holdings in HEICO by 33.3% during the fourth quarter. Bahl & Gaynor Inc. now owns 3,823 shares of the aerospace company's stock valued at $684,000 after purchasing an additional 955 shares during the period. Finally, Semanteon Capital Management LP bought a new stake in HEICO in the fourth quarter valued at approximately $304,000. 27.12% of the stock is owned by institutional investors.

HEICO Stock Up 0.0 %

HEICO stock traded up $0.07 during midday trading on Tuesday, reaching $209.97. The stock had a trading volume of 338,562 shares, compared to its average volume of 368,302. The stock has a market capitalization of $29.05 billion, a P/E ratio of 68.59, a price-to-earnings-growth ratio of 3.52 and a beta of 1.11. The firm's fifty day simple moving average is $196.15 and its 200-day simple moving average is $184.57. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.40 and a current ratio of 3.17. HEICO Co. has a 1-year low of $153.63 and a 1-year high of $216.86.

HEICO (NYSE:HEI - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.08. The company had revenue of $896.36 million for the quarter, compared to the consensus estimate of $891.32 million. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The firm's revenue was up 44.4% compared to the same quarter last year. During the same period last year, the company earned $0.67 earnings per share. As a group, analysts expect that HEICO Co. will post 3.47 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Alan Schriesheim sold 26,000 shares of HEICO stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the sale, the director now owns 155,862 shares of the company's stock, valued at $29,953,559.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Frank J. Schwitter sold 400 shares of the company's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $193.70, for a total value of $77,480.00. Following the sale, the director now directly owns 1,255 shares of the company's stock, valued at approximately $243,093.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alan Schriesheim sold 26,000 shares of HEICO stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the transaction, the director now owns 155,862 shares of the company's stock, valued at approximately $29,953,559.16. The disclosure for this sale can be found here. Insiders own 8.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HEI shares. Stifel Nicolaus lifted their price target on shares of HEICO from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Monday, May 6th. Bank of America raised HEICO from a "neutral" rating to a "buy" rating and set a $220.00 target price for the company in a research note on Thursday, January 25th. Finally, Royal Bank of Canada raised their price target on HEICO from $210.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.00.

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.