Coldstream Capital Management Inc. Sells 744 Shares of Heico Corporation $HEI

Coldstream Capital Management Inc. cut its stake in shares of Heico Corporation (NYSE:HEI) by 38.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,172 shares of the aerospace company’s stock after selling 744 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Heico were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HEI. Congress Asset Management Co. boosted its position in Heico by 366.0% in the second quarter. Congress Asset Management Co. now owns 308,457 shares of the aerospace company’s stock valued at $101,174,000 after buying an additional 242,264 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Heico by 68.9% in the 2nd quarter. American Century Companies Inc. now owns 528,145 shares of the aerospace company’s stock valued at $173,232,000 after acquiring an additional 215,530 shares during the last quarter. PDT Partners LLC boosted its holdings in shares of Heico by 781.9% during the 1st quarter. PDT Partners LLC now owns 25,576 shares of the aerospace company’s stock valued at $6,834,000 after acquiring an additional 22,676 shares in the last quarter. Quantbot Technologies LP bought a new stake in Heico during the 1st quarter worth $5,518,000. Finally, Linden Thomas Advisory Services LLC grew its position in Heico by 287.5% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 25,522 shares of the aerospace company’s stock worth $8,371,000 after acquiring an additional 18,936 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HEI has been the topic of a number of recent research reports. Stifel Nicolaus set a $360.00 price target on Heico in a research note on Tuesday, August 26th. Wall Street Zen downgraded shares of Heico from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Robert W. Baird boosted their target price on shares of Heico from $360.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, August 27th. 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, BNP Paribas set a $330.00 price target on shares of Heico in a report on Tuesday, November 18th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Heico currently has an average rating of “Moderate Buy” and a consensus price target of $343.62.

Insider Buying and Selling

In other Heico news, Director Thomas M. Culligan bought 676 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The shares were bought at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the transaction, the director directly owned 11,030 shares in the company, valued at approximately $2,690,547.90. This trade represents a 6.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julie Neitzel bought 676 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The shares were acquired at an average cost of $243.93 per share, with a total value of $164,896.68. Following the purchase, the director directly owned 676 shares of the company’s stock, valued at $164,896.68. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 4,448 shares of company stock worth $1,086,933 over the last three months. Insiders own 9.55% of the company’s stock.

Heico Trading Up 0.4%

HEI opened at $315.86 on Friday. Heico Corporation has a twelve month low of $216.68 and a twelve month high of $338.92. The company has a fifty day moving average of $315.62 and a 200-day moving average of $311.74. The stock has a market cap of $43.97 billion, a PE ratio of 69.12, a price-to-earnings-growth ratio of 3.64 and a beta of 1.08. The company has a quick ratio of 1.51, a current ratio of 3.35 and a debt-to-equity ratio of 0.58.

Heico (NYSE:HEI) last issued its quarterly earnings results on Monday, August 25th. The aerospace company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.14. Heico had a net margin of 14.96% and a return on equity of 16.29%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, sell-side analysts predict that Heico Corporation will post 4.2 EPS for the current year.

About Heico

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.