Schroder Investment Management Group Has $2.95 Million Holdings in Heico Corp (HEI)

Schroder Investment Management Group trimmed its position in shares of Heico Corp (NYSE:HEI) by 37.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,826 shares of the aerospace company’s stock after selling 18,667 shares during the period. Schroder Investment Management Group’s holdings in Heico were worth $2,947,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Gradient Investments LLC acquired a new stake in shares of Heico in the 3rd quarter valued at approximately $116,000. EFG Asset Management Americas Corp. boosted its stake in shares of Heico by 24.2% in the 3rd quarter. EFG Asset Management Americas Corp. now owns 34,320 shares of the aerospace company’s stock valued at $3,178,000 after purchasing an additional 6,693 shares in the last quarter. Chilton Investment Co. LLC boosted its stake in shares of Heico by 29.5% in the 2nd quarter. Chilton Investment Co. LLC now owns 603,108 shares of the aerospace company’s stock valued at $43,985,000 after purchasing an additional 137,304 shares in the last quarter. Cynosure Advisors LLC boosted its stake in shares of Heico by 25.0% in the 2nd quarter. Cynosure Advisors LLC now owns 4,092 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 818 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Heico by 111.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 27,765 shares of the aerospace company’s stock valued at $2,025,000 after purchasing an additional 14,654 shares in the last quarter. Institutional investors own 31.26% of the company’s stock.

HEI has been the topic of a number of research analyst reports. SunTrust Banks raised their price target on shares of Heico to $97.00 and gave the company a “buy” rating in a research note on Wednesday, August 29th. Zacks Investment Research restated a “hold” rating on shares of Heico in a research note on Tuesday, November 13th. UBS Group raised their price target on shares of Heico from $83.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, August 30th. Jefferies Financial Group raised their price target on shares of Heico to $100.00 and gave the company a “buy” rating in a research note on Wednesday, August 29th. Finally, ValuEngine upgraded shares of Heico from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $88.60.

In other Heico news, Director Thomas M. Culligan acquired 1,312 shares of the company’s stock in a transaction that occurred on Tuesday, October 9th. The stock was acquired at an average price of $88.21 per share, for a total transaction of $115,731.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Victor H. Mendelson acquired 1,311 shares of the company’s stock in a transaction that occurred on Tuesday, October 9th. The stock was acquired at an average price of $88.21 per share, with a total value of $115,643.31. The disclosure for this purchase can be found here. 9.88% of the stock is owned by company insiders.

Shares of NYSE HEI opened at $81.11 on Friday. The company has a market capitalization of $10.91 billion, a P/E ratio of 51.36, a price-to-earnings-growth ratio of 3.39 and a beta of 0.88. Heico Corp has a 1 year low of $57.29 and a 1 year high of $94.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.86 and a quick ratio of 1.32.

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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. 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 for aerospace and industrial original equipment manufacturers, and the United States government.

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Institutional Ownership by Quarter for Heico (NYSE:HEI)

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