Benchmark Begins Coverage on Heico (NYSE:HEI)
Research analysts at Benchmark initiated coverage on shares of Heico (NYSE:HEI) in a research report issued on Thursday, The Fly reports. The brokerage set a “buy” rating and a $144.00 price target on the aerospace company’s stock. Benchmark’s price target would indicate a potential upside of 18.45% from the stock’s previous close.
Several other analysts have also recently weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $150.00 price objective (down from $160.00) on shares of Heico in a research report on Wednesday, December 18th. ValuEngine raised Heico from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. SunTrust Banks cut their price objective on Heico from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Finally, UBS Group cut their price objective on Heico from $121.00 to $115.00 and set a “sell” rating on the stock in a research report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Heico has a consensus rating of “Hold” and a consensus target price of $129.90.
NYSE HEI opened at $121.57 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.81 and a quick ratio of 1.36. The stock has a market capitalization of $16.27 billion, a PE ratio of 52.86, a PEG ratio of 3.94 and a beta of 0.56. Heico has a 1 year low of $77.62 and a 1 year high of $147.93. The business’s 50-day moving average is $121.84 and its 200 day moving average is $129.36.
In other Heico news, insider Eric A. Mendelson bought 949 shares of the stock in a transaction dated Tuesday, October 29th. The stock was purchased at an average cost of $120.70 per share, for a total transaction of $114,544.30. Following the completion of the acquisition, the insider now owns 1,198,939 shares of the company’s stock, valued at $144,711,937.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Carlos L. Macau bought 1,000 shares of the stock in a transaction dated Friday, December 20th. The shares were acquired at an average price of $91.21 per share, with a total value of $91,210.00. Following the completion of the acquisition, the chief financial officer now directly owns 8,322 shares of the company’s stock, valued at approximately $759,049.62. The disclosure for this purchase can be found here. Insiders have bought 3,159 shares of company stock valued at $320,487 over the last quarter. Company insiders own 9.23% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MML Investors Services LLC grew its position in shares of Heico by 5.7% during the 2nd quarter. MML Investors Services LLC now owns 4,896 shares of the aerospace company’s stock valued at $655,000 after acquiring an additional 262 shares during the period. Private Advisor Group LLC boosted its holdings in Heico by 290.6% in the 2nd quarter. Private Advisor Group LLC now owns 18,363 shares of the aerospace company’s stock worth $2,457,000 after buying an additional 13,662 shares during the period. AQR Capital Management LLC boosted its holdings in Heico by 1,441.3% in the 2nd quarter. AQR Capital Management LLC now owns 173,201 shares of the aerospace company’s stock worth $23,176,000 after buying an additional 161,964 shares during the period. Neo Ivy Capital Management bought a new position in Heico in the 2nd quarter worth $536,000. Finally, Andra AP fonden bought a new position in Heico in the 2nd quarter worth $2,837,000. Institutional investors own 26.11% of the company’s stock.
Heico Company Profile
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.
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