Heico Corporation $HEI Shares Acquired by Bath Savings Trust Co

Bath Savings Trust Co increased its holdings in shares of Heico Corporation (NYSE:HEI) by 5.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 49,570 shares of the aerospace company’s stock after purchasing an additional 2,542 shares during the period. Heico accounts for approximately 1.6% of Bath Savings Trust Co’s holdings, making the stock its 15th largest position. Bath Savings Trust Co’s holdings in Heico were worth $15,029,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. DSM Capital Partners LLC raised its stake in Heico by 5.4% in the first quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company’s stock valued at $221,000 after buying an additional 41 shares during the period. Fortress Financial Solutions LLC boosted its stake in shares of Heico by 2.8% during the 1st quarter. Fortress Financial Solutions LLC now owns 1,796 shares of the aerospace company’s stock worth $493,000 after acquiring an additional 49 shares during the period. Bayban increased its holdings in shares of Heico by 19.6% during the 1st quarter. Bayban now owns 330 shares of the aerospace company’s stock worth $90,000 after acquiring an additional 54 shares during the last quarter. Sumitomo Life Insurance Co. increased its holdings in shares of Heico by 0.6% during the 4th quarter. Sumitomo Life Insurance Co. now owns 9,979 shares of the aerospace company’s stock worth $3,229,000 after acquiring an additional 59 shares during the last quarter. Finally, Mirador Capital Partners LP raised its stake in Heico by 1.2% in the 2nd quarter. Mirador Capital Partners LP now owns 5,742 shares of the aerospace company’s stock valued at $2,045,000 after acquiring an additional 66 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

Heico Stock Performance

NYSE:HEI traded down $7.85 during mid-day trading on Wednesday, hitting $295.41. 461,706 shares of the stock were exchanged, compared to its average volume of 581,695. The stock has a market capitalization of $41.29 billion, a price-to-earnings ratio of 49.15, a price-to-earnings-growth ratio of 2.54 and a beta of 1.09. The firm’s 50-day simple moving average is $333.05 and its 200 day simple moving average is $319.58. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72. Heico Corporation has a fifty-two week low of $256.11 and a fifty-two week high of $376.86.

Heico (NYSE:HEI) last issued its quarterly earnings data on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.16. Heico had a return on equity of 18.00% and a net margin of 16.38%.The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm posted $1.26 EPS. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. As a group, equities analysts anticipate that Heico Corporation will post 6.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wells Fargo & Company cut their price target on Heico from $350.00 to $335.00 and set an “equal weight” rating for the company in a report on Wednesday, September 30th. Wall Street Zen lowered shares of Heico from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley set a $365.00 target price on shares of Heico and gave the stock an “equal weight” rating in a research note on Wednesday, September 2nd. Citigroup lifted their target price on shares of Heico from $429.00 to $441.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Finally, Zacks Research upgraded shares of Heico from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 9th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $391.07.

About Heico

HEICO Corporation is an aerospace, defense, and electronics company that designs, manufactures, and distributes specialized products for commercial aviation, defense, space, medical, telecommunications, and other industrial markets. Founded in 1957, the company is headquartered in Hollywood, Florida, and serves customers worldwide, including airlines, original equipment manufacturers, government agencies, and defense contractors.

HEICO operates through two primary segments. Its Flight Support Group produces FAA-approved replacement parts for jet engines and aircraft components, as well as provides aircraft and engine component repair, overhaul, and maintenance services.