PAX Financial Group LLC Has $295,000 Stock Position in Heico Corporation $HEI

by · The Cerbat Gem

PAX Financial Group LLC lessened its holdings in shares of Heico Corporation (NYSE:HEI – Free Report) by 25.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 900 shares of the aerospace company’s stock after selling 311 shares during the quarter. PAX Financial Group LLC’s holdings in Heico were worth $295,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HEI. Ridgewood Investments LLC raised its position in shares of Heico by 92.0% during the first quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 46 shares during the period. Costello Asset Management INC bought a new stake in Heico during the 1st quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd raised its holdings in Heico by 17,800.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company’s stock worth $48,000 after buying an additional 178 shares during the period. Banque Transatlantique SA lifted its stake in Heico by 36.8% in the first quarter. Banque Transatlantique SA now owns 253 shares of the aerospace company’s stock valued at $62,000 after buying an additional 68 shares in the last quarter. Finally, Andra AP fonden acquired a new position in shares of Heico in the second quarter valued at approximately $66,000. 27.12% of the stock is owned by institutional investors and hedge funds.

Heico Stock Performance

Shares of NYSE HEI opened at $311.25 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.51 and a current ratio of 3.35. The stock has a 50 day moving average price of $317.22 and a 200 day moving average price of $309.89. The stock has a market capitalization of $43.33 billion, a PE ratio of 68.11, a price-to-earnings-growth ratio of 3.64 and a beta of 1.08. Heico Corporation has a 52 week low of $216.68 and a 52 week high of $338.92.

Heico (NYSE:HEI – Get Free Report) last released its quarterly earnings data on Monday, August 25th. The aerospace company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.12 by $0.14. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.11 billion. Heico had a return on equity of 16.29% and a net margin of 14.96%.The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 EPS. Analysts predict that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Julie Neitzel acquired 676 shares of the stock in a transaction dated Friday, October 10th. The shares were bought at an average cost of $243.93 per share, for a total transaction of $164,896.68. Following the purchase, the director directly owned 676 shares of the company’s stock, valued at approximately $164,896.68. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark H. Hildebrandt bought 676 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The stock was purchased at an average price of $243.93 per share, with a total value of $164,896.68. Following the completion of the purchase, the director directly owned 49,423 shares in the company, valued at $12,055,752.39. The trade was a 1.39% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 4,448 shares of company stock worth $1,086,933. Corporate insiders own 9.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on HEI. Jefferies Financial Group reaffirmed a “buy” rating on shares of Heico in a research report on Monday, August 18th. Bank of America boosted their price target on Heico from $355.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Truist Financial increased their price objective on Heico from $352.00 to $366.00 and gave the stock a “buy” rating in a report on Wednesday, August 27th. UBS Group upped their price target on Heico from $346.00 to $375.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 27th. Finally, Stifel Nicolaus set a $360.00 price objective on shares of Heico in a report on Tuesday, August 26th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Heico has an average rating of “Moderate Buy” and a consensus price target of $346.09.

Get Our Latest Analysis on Heico

About Heico

(Free Report)

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.

See Also

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