HEICO (NYSE:HEI) Price Target Cut to $138.00 by Analysts at UBS Group

HEICO (NYSE:HEIGet Rating) had its price target reduced by UBS Group to $138.00 in a research note issued on Wednesday, Stock Target Advisor reports. UBS Group’s price objective indicates a potential upside of 0.87% from the company’s previous close.

Separately, StockNews.com raised shares of HEICO from a “hold” rating to a “buy” rating in a research note on Friday, May 20th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $150.14.

NYSE:HEI traded up $1.76 on Wednesday, reaching $136.81. 34,616 shares of the company’s stock were exchanged, compared to its average volume of 386,213. The stock has a fifty day simple moving average of $145.48 and a 200-day simple moving average of $144.08. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.56 and a quick ratio of 1.72. HEICO has a 52 week low of $122.94 and a 52 week high of $159.29. The firm has a market cap of $18.59 billion, a price-to-earnings ratio of 58.77, a P/E/G ratio of 4.45 and a beta of 1.13.

HEICO (NYSE:HEIGet Rating) last released its quarterly earnings data on Monday, May 23rd. The aerospace company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. HEICO had a net margin of 16.54% and a return on equity of 14.22%. During the same period last year, the company earned $0.51 earnings per share. As a group, sell-side analysts predict that HEICO will post 2.61 EPS for the current year.

In related news, Director Alan Schriesheim sold 24,000 shares of HEICO stock in a transaction on Thursday, March 24th. The shares were sold at an average price of $125.77, for a total value of $3,018,480.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Frank J. Schwitter sold 500 shares of HEICO stock in a transaction on Monday, March 21st. The shares were sold at an average price of $122.58, for a total transaction of $61,290.00. The disclosure for this sale can be found here. Insiders sold 57,365 shares of company stock worth $7,215,709 in the last 90 days. Company insiders own 8.27% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Capitolis Advisors LLC bought a new stake in shares of HEICO during the 3rd quarter valued at $4,572,000. Gabelli Funds LLC boosted its holdings in shares of HEICO by 9.3% during the 3rd quarter. Gabelli Funds LLC now owns 35,200 shares of the aerospace company’s stock valued at $4,642,000 after buying an additional 3,000 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of HEICO by 49.7% during the 3rd quarter. GSA Capital Partners LLP now owns 7,711 shares of the aerospace company’s stock valued at $1,017,000 after buying an additional 2,561 shares in the last quarter. AXA S.A. boosted its holdings in shares of HEICO by 5.3% during the 3rd quarter. AXA S.A. now owns 113,900 shares of the aerospace company’s stock valued at $15,020,000 after buying an additional 5,754 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its holdings in shares of HEICO by 180.3% during the 3rd quarter. Gotham Asset Management LLC now owns 10,339 shares of the aerospace company’s stock valued at $1,363,000 after buying an additional 6,650 shares in the last quarter. Institutional investors and hedge funds own 26.67% of the company’s stock.

About HEICO (Get Rating)

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.

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