Heico Corporation $HEI Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft decreased its holdings in shares of Heico Corporation (NYSE:HEI) by 9.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,050 shares of the aerospace company’s stock after selling 1,738 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Heico were worth $5,264,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ridgewood Investments LLC raised its stake in Heico by 92.0% during the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 46 shares during the period. Costello Asset Management INC acquired a new stake in shares of Heico in the first quarter valued at approximately $27,000. NBC Securities Inc. acquired a new stake in shares of Heico in the first quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd increased its stake 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. Finally, Banque Transatlantique SA increased its stake in shares of Heico by 36.8% in the first quarter. Banque Transatlantique SA now owns 253 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

Insiders Place Their Bets

In other Heico news, Chairman Laurans A. Mendelson sold 56,300 shares of Heico stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $319.45, for a total transaction of $17,985,035.00. Following the transaction, the chairman directly owned 1,253,127 shares in the company, valued at approximately $400,311,420.15. The trade was a 4.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.55% of the company’s stock.

Heico Trading Down 1.8%

Heico stock opened at $317.03 on Thursday. Heico Corporation has a 52 week low of $216.68 and a 52 week high of $338.92. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.51 and a current ratio of 3.35. The firm has a market capitalization of $44.13 billion, a price-to-earnings ratio of 69.37, a P/E/G ratio of 3.80 and a beta of 1.08. The company has a 50 day moving average price of $317.60 and a 200 day moving average price of $290.44.

Heico (NYSE:HEI) last posted its quarterly earnings data on Monday, August 25th. The aerospace company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.14. Heico had a net margin of 14.96% and a return on equity of 16.29%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company posted $0.97 EPS. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. Research analysts forecast that Heico Corporation will post 4.2 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays raised their price target on shares of Heico from $280.00 to $300.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 2nd. Morgan Stanley raised their price target on shares of Heico from $305.00 to $330.00 and gave the company an “equal weight” rating in a research note on Thursday, July 17th. Zacks Research upgraded shares of Heico to a “hold” rating in a research note on Monday, August 11th. UBS Group raised their price target on shares of Heico from $346.00 to $375.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Finally, Truist Financial raised their price target on shares of Heico from $352.00 to $366.00 and gave the company a “buy” rating in a research note on Wednesday, August 27th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $346.09.

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.