KPP Advisory Services LLC Invests $229,000 in HEICO Co. (NYSE:HEI)

KPP Advisory Services LLC purchased a new stake in shares of HEICO Co. (NYSE:HEI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 875 shares of the aerospace company’s stock, valued at approximately $229,000.

A number of other large investors also recently bought and sold shares of HEI. AGF Management Ltd. increased its holdings in HEICO by 61.7% in the 2nd quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock worth $212,417,000 after acquiring an additional 362,625 shares in the last quarter. Vantage Investment Partners LLC acquired a new stake in HEICO in the 2nd quarter valued at about $26,993,000. Driehaus Capital Management LLC lifted its stake in HEICO by 66.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock worth $43,357,000 after purchasing an additional 77,067 shares in the last quarter. EULAV Asset Management boosted its holdings in shares of HEICO by 23.4% during the 1st quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company’s stock worth $67,250,000 after purchasing an additional 66,800 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of HEICO in the second quarter valued at approximately $67,000. 27.12% of the stock is owned by institutional investors and hedge funds.

HEICO Stock Down 2.4 %

Shares of NYSE:HEI opened at $270.41 on Friday. The company has a market capitalization of $37.48 billion, a P/E ratio of 79.30, a P/E/G ratio of 3.32 and a beta of 1.23. The stock’s fifty day simple moving average is $259.64 and its 200-day simple moving average is $239.23. HEICO Co. has a 52-week low of $167.56 and a 52-week high of $281.15. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63.

HEICO (NYSE:HEI) last issued its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.05. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The company had revenue of $992.20 million during the quarter, compared to the consensus estimate of $995.34 million. During the same period in the previous year, the firm posted $0.77 EPS. HEICO’s revenue was up 37.3% on a year-over-year basis. As a group, equities research analysts forecast that HEICO Co. will post 3.65 earnings per share for the current fiscal year.

Insider Activity

In other HEICO news, CEO Laurans A. Mendelson acquired 725 shares of the stock in a transaction on Friday, October 18th. The stock was purchased at an average price of $262.94 per share, for a total transaction of $190,631.50. Following the purchase, the chief executive officer now directly owns 929,984 shares in the company, valued at $244,529,992.96. This trade represents a 0.08 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan Schriesheim sold 332 shares of HEICO stock in a transaction on Monday, October 7th. The stock was sold at an average price of $201.63, for a total transaction of $66,941.16. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 2,650 shares of company stock valued at $691,718. Company insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

HEI has been the subject of several analyst reports. Robert W. Baird upped their target price on HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Royal Bank of Canada upped their price objective on shares of HEICO from $250.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Bank of America boosted their target price on shares of HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Morgan Stanley raised their price target on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on HEICO from $235.00 to $271.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $270.70.

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.