Aviso Financial Inc. Purchases 407 Shares of Heico Corporation $HEI

Aviso Financial Inc. raised its holdings in Heico Corporation (NYSE:HEI) by 5.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,433 shares of the aerospace company’s stock after buying an additional 407 shares during the quarter. Aviso Financial Inc.’s holdings in Heico were worth $2,766,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ridgewood Investments LLC lifted its stake in shares of Heico by 92.0% in the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company’s stock valued at $26,000 after buying an additional 46 shares during the period. Costello Asset Management INC acquired a new position in Heico in the 1st quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Heico by 17,800.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company’s stock worth $48,000 after acquiring an additional 178 shares during the period. Banque Transatlantique SA grew its holdings in shares of Heico by 36.8% during the 1st quarter. Banque Transatlantique SA now owns 253 shares of the aerospace company’s stock worth $62,000 after purchasing an additional 68 shares in the last quarter. Finally, Andra AP fonden bought a new stake in shares of Heico during the second quarter valued at approximately $66,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HEI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Heico in a research note on Monday, November 17th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Heico in a research note on Monday, August 18th. Wall Street Zen lowered Heico from a “buy” rating to a “hold” rating in a research note on Saturday. Robert W. Baird lifted their price objective on Heico from $360.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, August 27th. Finally, Royal Bank Of Canada set a $350.00 price target on shares of Heico in a report on Wednesday, August 27th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $343.62.

Insider Buying and Selling

In other news, Director Thomas M. Culligan bought 676 shares of the company’s stock in a transaction dated Friday, October 10th. The shares were bought at an average cost of $243.93 per share, with a total value of $164,896.68. Following the acquisition, the director owned 11,030 shares in the company, valued at $2,690,547.90. This trade represents a 6.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie Neitzel bought 676 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The stock was purchased at an average price of $243.93 per share, with a total value of $164,896.68. Following the completion of the purchase, the director directly owned 676 shares in the company, valued at $164,896.68. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 4,448 shares of company stock worth $1,086,933 over the last three months. Company insiders own 9.55% of the company’s stock.

Heico Stock Up 0.9%

Shares of NYSE:HEI opened at $306.10 on Tuesday. The company has a 50 day moving average price of $315.91 and a two-hundred day moving average price of $311.32. The company has a market capitalization of $42.61 billion, a PE ratio of 66.98, a PEG ratio of 3.64 and a beta of 1.08. 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.

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

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.