Polianta Ltd Sells 1,200 Shares of Heico Corp (NYSE:HEI)
Polianta Ltd trimmed its position in shares of Heico Corp (NYSE:HEI) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,800 shares of the aerospace company’s stock after selling 1,200 shares during the quarter. Polianta Ltd’s holdings in Heico were worth $974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Griffin Asset Management Inc. bought a new position in Heico in the 2nd quarter worth $31,000. Doyle Wealth Management bought a new position in Heico in the 2nd quarter worth $171,000. Ibex Investors LLC bought a new position in Heico in the 2nd quarter worth $229,000. FineMark National Bank & Trust bought a new position in Heico in the 2nd quarter worth $239,000. Finally, Nwam LLC bought a new position in Heico in the 2nd quarter worth $242,000. 25.56% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:HEI traded up $3.16 on Wednesday, reaching $125.14. 273,285 shares of the company’s stock traded hands, compared to its average volume of 475,603. The company has a quick ratio of 1.44, a current ratio of 2.98 and a debt-to-equity ratio of 0.39. The stock has a 50-day simple moving average of $133.51 and a 200-day simple moving average of $122.42. The firm has a market cap of $16.60 billion, a PE ratio of 69.14, a P/E/G ratio of 3.84 and a beta of 0.60. Heico Corp has a 12 month low of $71.47 and a 12 month high of $147.93.
A number of equities analysts recently commented on HEI shares. SunTrust Banks raised their target price on Heico from $128.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. ValuEngine cut Heico from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Robert W. Baird raised their target price on Heico from $125.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. Credit Suisse Group raised their target price on Heico from $133.00 to $163.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. They noted that the move was a valuation call. Finally, UBS Group cut Heico from a “neutral” rating to a “sell” rating and raised their target price for the stock from $120.00 to $134.00 in a report on Tuesday, September 3rd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $132.67.
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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