HEICO Co. (NYSE:HEI) Short Interest Up 29.2% in November

HEICO Co. (NYSE:HEI) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 2,520,000 shares, an increase of 29.2% from the October 31st total of 1,950,000 shares. Approximately 6.0% of the shares of the stock are sold short. Based on an average daily volume of 403,500 shares, the days-to-cover ratio is presently 6.2 days.

HEICO Price Performance

HEI stock traded down $3.25 during mid-day trading on Monday, reaching $270.12. 13,755 shares of the company traded hands, compared to its average volume of 383,455. HEICO has a 52-week low of $169.70 and a 52-week high of $283.60. The company has a market capitalization of $37.44 billion, a P/E ratio of 80.50, a P/E/G ratio of 3.32 and a beta of 1.23. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. The company has a fifty day moving average price of $262.68 and a 200-day moving average price of $243.90.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group began coverage on HEICO in a research report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price on the stock. Benchmark restated a “buy” rating and set a $245.00 price objective on shares of HEICO in a report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Royal Bank of Canada boosted their target price on shares of HEICO from $250.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Finally, Barclays assumed coverage on shares of HEICO in a research report on Monday, August 19th. They issued an “equal weight” rating and a $250.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $270.70.

Insider Buying and Selling

In other news, Director Alan Schriesheim acquired 724 shares of HEICO stock in a transaction dated Friday, October 18th. The shares were bought at an average cost of $262.94 per share, with a total value of $190,368.56. Following the purchase, the director now owns 174,878 shares in the company, valued at $45,982,421.32. This trade represents a 0.42 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Victor H. Mendelson purchased 726 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average cost of $262.94 per share, for a total transaction of $190,894.44. Following the completion of the purchase, the insider now owns 1,234,950 shares in the company, valued at $324,717,753. This trade represents a 0.06 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 2,650 shares of company stock worth $691,718 in the last three months. 8.10% of the stock is owned by corporate insiders.

Institutional Trading of HEICO

Several institutional investors and hedge funds have recently made changes to their positions in the stock. AGF Management Ltd. increased its stake in shares of HEICO by 61.7% in the second quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock worth $212,417,000 after buying an additional 362,625 shares during the period. EULAV Asset Management boosted its holdings in shares of HEICO by 5.0% during the third quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock worth $105,165,000 after purchasing an additional 19,200 shares during the period. Two Sigma Advisers LP increased its holdings in HEICO by 3.7% during the 3rd quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock valued at $94,885,000 after purchasing an additional 13,100 shares during the period. TCW Group Inc. raised its position in HEICO by 3.0% during the 2nd quarter. TCW Group Inc. now owns 200,008 shares of the aerospace company’s stock valued at $44,724,000 after purchasing an additional 5,779 shares during the last quarter. Finally, Driehaus Capital Management LLC grew its position in shares of 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 buying an additional 77,067 shares during the last quarter. Hedge funds and other institutional investors own 27.12% 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. 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.