Heico Corp (HEI) Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. grew its position in shares of Heico Corp (NYSE:HEI) by 9.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 28,013 shares of the aerospace company’s stock after buying an additional 2,372 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Heico were worth $2,594,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of HEI. Gradient Investments LLC bought a new stake in Heico during the third quarter worth about $116,000. Financial Architects Inc bought a new stake in Heico during the second quarter worth about $123,000. TRUE Private Wealth Advisors bought a new stake in Heico during the third quarter worth about $151,000. Winslow Evans & Crocker Inc. bought a new stake in Heico during the second quarter worth about $164,000. Finally, NewSquare Capital LLC bought a new stake in Heico during the second quarter worth about $184,000. 26.62% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Alan Schriesheim sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $76.44, for a total transaction of $305,760.00. Following the transaction, the director now directly owns 28,700 shares in the company, valued at $2,193,828. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victor H. Mendelson acquired 1,311 shares of the business’s stock in a transaction that occurred on Tuesday, October 9th. The stock was acquired at an average price of $88.21 per share, for a total transaction of $115,643.31. The disclosure for this purchase can be found here. Insiders have sold 6,456 shares of company stock worth $511,093 over the last quarter. 9.88% of the stock is owned by company insiders.

HEI has been the topic of several research analyst reports. ValuEngine raised shares of Heico from a “hold” rating to a “buy” rating in a research note on Wednesday, July 18th. Zacks Investment Research raised shares of Heico from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Friday, July 20th. Robert W. Baird initiated coverage on shares of Heico in a research note on Wednesday, August 8th. They set a “neutral” rating and a $84.00 price objective on the stock. UBS Group initiated coverage on shares of Heico in a research note on Wednesday, August 15th. They set a “neutral” rating and a $83.00 price objective on the stock. Finally, SunTrust Banks upped their price objective on shares of Heico from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, August 21st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $88.60.

Shares of HEI stock opened at $86.65 on Wednesday. Heico Corp has a 1 year low of $55.43 and a 1 year high of $94.12. The company has a market cap of $11.36 billion, a PE ratio of 64.19, a P/E/G ratio of 3.53 and a beta of 0.89. The company has a current ratio of 2.86, a quick ratio of 1.32 and a debt-to-equity ratio of 0.44.

Heico (NYSE:HEI) last announced its earnings results on Monday, August 27th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.04. Heico had a net margin of 14.26% and a return on equity of 16.15%. The company had revenue of $465.83 million for the quarter, compared to analyst estimates of $440.68 million. During the same period in the prior year, the business earned $0.53 earnings per share. Heico’s quarterly revenue was up 19.0% on a year-over-year basis. Research analysts predict that Heico Corp will post 1.89 EPS for the current year.

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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. 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 for aerospace and industrial original equipment manufacturers, and the United States government.

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Institutional Ownership by Quarter for Heico (NYSE:HEI)

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