Axa S.A. Lowers Position in Heico Corporation $HEI

Axa S.A. cut its stake in shares of Heico Corporation (NYSE:HEI) by 5.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,680 shares of the aerospace company’s stock after selling 6,084 shares during the period. Axa S.A. owned about 0.07% of Heico worth $31,711,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Ridgewood Investments LLC raised its holdings in shares of Heico by 36.5% in the second quarter. Ridgewood Investments LLC now owns 131 shares of the aerospace company’s stock valued at $43,000 after purchasing an additional 35 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in 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 valued at $48,000 after buying an additional 178 shares during the last quarter. Banque Transatlantique SA lifted its position 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 buying an additional 68 shares in the last quarter. Andra AP fonden purchased a new position in shares of Heico in the 2nd quarter worth approximately $66,000. Finally, Valley National Advisers Inc. purchased a new position in shares of Heico in the 2nd quarter worth approximately $114,000. Institutional investors own 27.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Truist Financial lifted their price target on Heico from $352.00 to $366.00 and gave the stock a “buy” rating in a report on Wednesday, August 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Heico in a research note on Monday. Jefferies Financial Group restated a “buy” rating on shares of Heico in a research report on Monday, August 18th. BNP Paribas set a $330.00 price objective on shares of Heico in a research report on Tuesday, November 18th. Finally, Stifel Nicolaus set a $360.00 target price on shares of Heico in a research note on Tuesday, August 26th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Heico has a consensus rating of “Moderate Buy” and a consensus target price of $343.62.

Insider Activity

In other news, 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 price of $243.93 per share, with a total value of $164,896.68. Following the acquisition, the director owned 676 shares of the company’s stock, valued at approximately $164,896.68. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alan Schriesheim purchased 672 shares of the business’s stock in a transaction on Friday, October 10th. The stock was purchased at an average cost of $243.93 per share, with a total value of $163,920.96. Following the completion of the acquisition, the director owned 672 shares in the company, valued at approximately $163,920.96. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 4,448 shares of company stock valued at $1,086,933. 9.55% of the stock is currently owned by insiders.

Heico Price Performance

Shares of NYSE HEI opened at $305.42 on Wednesday. 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 Corporation has a fifty-two week low of $216.68 and a fifty-two week high of $338.92. The stock has a market cap of $42.52 billion, a PE ratio of 66.83, a price-to-earnings-growth ratio of 3.09 and a beta of 1.04. The stock has a fifty day moving average of $314.36 and a 200-day moving average of $314.51.

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.