HEICO Co. (NYSE:HEI) Holdings Boosted by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. boosted its holdings in shares of HEICO Co. (NYSE:HEI) by 0.9% during the 4th quarter, Holdings Channel reports. The firm owned 48,050 shares of the aerospace company’s stock after buying an additional 443 shares during the period. HEICO comprises about 2.4% of Cutter & CO Brokerage Inc.’s portfolio, making the stock its 7th biggest holding. Cutter & CO Brokerage Inc.’s holdings in HEICO were worth $8,595,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. PFG Advisors grew its position in shares of HEICO by 25.7% during the third quarter. PFG Advisors now owns 1,615 shares of the aerospace company’s stock valued at $262,000 after purchasing an additional 330 shares in the last quarter. Essex LLC raised its holdings in shares of HEICO by 5.4% during the 3rd quarter. Essex LLC now owns 1,265 shares of the aerospace company’s stock worth $205,000 after acquiring an additional 65 shares in the last quarter. Wendell David Associates Inc. grew its holdings in shares of HEICO by 6.3% in the third quarter. Wendell David Associates Inc. now owns 2,110 shares of the aerospace company’s stock valued at $342,000 after purchasing an additional 125 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in HEICO by 148.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,820 shares of the aerospace company’s stock valued at $619,000 after purchasing an additional 2,285 shares in the last quarter. Finally, Telemus Capital LLC lifted its position in HEICO by 23.5% during the third quarter. Telemus Capital LLC now owns 5,748 shares of the aerospace company’s stock valued at $931,000 after purchasing an additional 1,093 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors.

HEICO Trading Up 2.7 %

Shares of NYSE:HEI traded up $5.39 on Tuesday, hitting $204.80. 441,270 shares of the company’s stock were exchanged, compared to its average volume of 375,029. The stock has a market capitalization of $28.34 billion, a price-to-earnings ratio of 66.93, a price-to-earnings-growth ratio of 3.22 and a beta of 1.16. HEICO Co. has a 12 month low of $153.63 and a 12 month high of $206.34. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.17 and a quick ratio of 1.40. The business’s 50 day simple moving average is $192.03 and its two-hundred day simple moving average is $179.99.

HEICO (NYSE:HEI) last released its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. The company had revenue of $896.36 million during the quarter, compared to analysts’ expectations of $891.32 million. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The firm’s quarterly revenue was up 44.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS. Analysts anticipate that HEICO Co. will post 3.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HEI. Royal Bank of Canada upped their target price on shares of HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Stifel Nicolaus raised their price objective on HEICO from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Finally, Bank of America raised HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $204.50.

Insider Transactions at HEICO

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

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.