HEICO (HEI) Reaches $91.68 52-Week High; Artesian Resources Has 1.03 Sentiment

April 19, 2018 - By Nellie Frank

HEICO Corporation (NYSE:HEI) Logo

The stock of HEICO Corporation (NYSE:HEI) hit a new 52-week high and has $99.01 target or 8.00% above today’s $91.68 share price. The 6 months bullish chart indicates low risk for the $8.72 billion company. The 1-year high was reported on Apr, 19 by Barchart.com. If the $99.01 price target is reached, the company will be worth $697.68M more. The stock increased 0.97% or $0.88 during the last trading session, reaching $91.68. About 31,252 shares traded. HEICO Corporation (NYSE:HEI) has risen 60.44% since April 19, 2017 and is uptrending. It has outperformed by 48.89% the S&P500.

Artesian Resources Corp (ARTNA) investors sentiment decreased to 1.03 in 2017 Q4. It’s down -0.30, from 1.33 in 2017Q3. The ratio has dropped, as 35 institutional investors increased and started new positions, while 34 sold and decreased their stakes in Artesian Resources Corp. The institutional investors in our database reported: 3.56 million shares, up from 3.53 million shares in 2017Q3. Also, the number of institutional investors holding Artesian Resources Corp in top ten positions increased from 0 to 1 for an increase of 1. Sold All: 5 Reduced: 29 Increased: 24 New Position: 11.

Investors sentiment decreased to 1.17 in Q4 2017. Its down 0.22, from 1.39 in 2017Q3. It is negative, as 20 investors sold HEICO Corporation shares while 70 reduced holdings. 46 funds opened positions while 59 raised stakes. 21.91 million shares or 0.78% less from 22.08 million shares in 2017Q3 were reported. Agf Inc holds 0.06% of its portfolio in HEICO Corporation (NYSE:HEI) for 62,500 shares. Clearbridge Ltd Liability Co holds 0.3% of its portfolio in HEICO Corporation (NYSE:HEI) for 187,595 shares. Riverbridge Prtn Ltd Llc invested 2.69% in HEICO Corporation (NYSE:HEI). Origin Asset Limited Liability Partnership reported 3,551 shares. California State Teachers Retirement holds 0% or 8,835 shares. Pnc Grp Inc has invested 0.06% of its portfolio in HEICO Corporation (NYSE:HEI). Comm Bankshares reported 0% of its portfolio in HEICO Corporation (NYSE:HEI). Washington Cap Mngmt Inc owns 5,000 shares or 0.47% of their US portfolio. Michigan-based Comerica Bancorporation has invested 0% in HEICO Corporation (NYSE:HEI). Captrust Fincl Advsrs invested in 0.01% or 1,367 shares. Deutsche Financial Bank Ag has 192,127 shares. 62 were accumulated by Brown Brothers Harriman And Co. Veritable L P has invested 0.01% of its portfolio in HEICO Corporation (NYSE:HEI). Gsa Cap Prtnrs Limited Liability Partnership has 0.07% invested in HEICO Corporation (NYSE:HEI) for 12,902 shares. Aperio Ltd holds 23,292 shares.

Analysts await HEICO Corporation (NYSE:HEI) to report earnings on May, 22. They expect $0.53 EPS, up 26.19% or $0.11 from last year’s $0.42 per share. HEI’s profit will be $50.42M for 43.25 P/E if the $0.53 EPS becomes a reality. After $0.34 actual EPS reported by HEICO Corporation for the previous quarter, Wall Street now forecasts 55.88% EPS growth.

HEICO Corporation, through its subsidiaries, designs, makes, and sells aerospace, defense, and electronic related services and products in the United States and internationally. The company has market cap of $8.72 billion. The companyÂ’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. It has a 47.46 P/E ratio. This segment also distributes hydraulic, pneumatic, structural, mechanical, and electro-mechanical components for the commercial, regional, and general aviation markets; and offers repair and overhaul services for jet engine and aircraft component parts, avionics, instruments, composites, and flight surfaces of commercial airlines, as well as for avionics and navigation systems, subcomponents, and other instruments utilized on military aircrafts.

Among 9 analysts covering Heico Corporation (NYSE:HEI), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Heico Corporation has $116.0 highest and $57 lowest target. $90.57’s average target is -1.21% below currents $91.68 stock price. Heico Corporation had 40 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of HEICO Corporation (NYSE:HEI) earned “Neutral” rating by Bank of America on Tuesday, August 30. On Friday, October 27 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by Jefferies on Thursday, August 27 with “Hold”. SunTrust maintained the stock with “Buy” rating in Wednesday, February 28 report. The stock of HEICO Corporation (NYSE:HEI) earned “Buy” rating by Bank of America on Tuesday, August 29. Canaccord Genuity maintained it with “Buy” rating and $92 target in Friday, August 25 report. The stock has “Buy” rating by Jefferies on Monday, January 8. The firm has “Outperform” rating given on Tuesday, August 29 by Credit Suisse. The company was maintained on Tuesday, October 24 by Canaccord Genuity. Credit Suisse upgraded the stock to “Outperform” rating in Thursday, December 15 report.

Since April 2, 2018, it had 0 insider purchases, and 3 selling transactions for $467,226 activity. Another trade for 2,500 shares valued at $173,384 was sold by Schwitter Frank J. $175,660 worth of stock was sold by SCHRIESHEIM ALAN on Thursday, April 12.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $248,264 activity.

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services on the Delmarva Peninsula. The company has market cap of $343.38 million. The firm distributes and sells water to residential, commercial, industrial, municipal, and utility clients in the states of Delaware, Maryland, and Pennsylvania. It has a 24.64 P/E ratio. It also offers water for public and private fire protection to clients in its service territories.

Water Asset Management Llc holds 3.79% of its portfolio in Artesian Resources Corporation for 204,801 shares. Fca Corp Tx owns 87,275 shares or 1.34% of their US portfolio. Moreover, Roffman Miller Associates Inc Pa has 0.35% invested in the company for 74,052 shares. The Massachusetts-based Ipswich Investment Management Co. Inc. has invested 0.27% in the stock. Fruth Investment Management, a Texas-based fund reported 11,250 shares.

The stock decreased 0.03% or $0.01 during the last trading session, reaching $37.2. About 100 shares traded. Artesian Resources Corporation (ARTNA) has risen 12.35% since April 19, 2017 and is uptrending. It has outperformed by 0.80% the S&P500.

Artesian Resources Corporation (NASDAQ:ARTNA) Institutional Positions Chart

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