Heico Corp (HEI) Files Form 4 Insider Selling : Thomas S Irwin Sells 6,100 Shares

Heico Corp (HEI): Thomas S Irwin , Sr Exec VP of Heico Corp sold 6,100 shares on Sep 8, 2016. The Insider selling transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were sold at $70.01 per share for a total value of $427,061.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 9, 2016, Julie Neitzel (director) purchased 2,119 shares at $57.11 per share price.On Sep 9, 2016, Frank J Schwitter (director) purchased 2,083 shares at $57.11 per share price.Also, On Sep 9, 2016, Adolfo Henriques (director) purchased 2,044 shares at $57.11 per share price.On Sep 9, 2016, Samuel L Higginbottom (director) purchased 2,076 shares at $57.11 per share price.

Heico Corp: On Monday, Sep 12, 2016 heightened volatility was witnessed in Heico Corp which led to swings in the share price. The shares opened for trading at $67.71 and hit $68.93 on the upside , eventually ending the session at $68.48, with a gain of 1.29% or 0.87 points. The heightened volatility saw the trading volume jump to 220,580 shares. The 52-week high of the share price is $75.01 and the company has a market cap of $4,605 M . The 52-week low of the share price is at $47.239.

Heico Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Heico Corp is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Aug 30, 2016.Heico Corp is Downgraded by KeyBanc Capital Mkts to Sector Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Aug 26, 2016.

HEICO Corporation is an aerospace and electronics company. The Company provides commercial aircraft replacement parts aircraft accessories component repair and overhaul services for avionic electro-mechanical flight surface hydraulic and pneumatic applications; distributes aircraft parts and manufactures other critical aircraft parts. It operates through two operating segments: the Flight Support Group (FSG) and the Electronic Technologies Group (ETG). The Flight Support Group designs manufactures repairs overhauls and distributes jet engine and aircraft component replacement parts. Its Electronic Technologies Group designs and manufactures electronic electro-optical microwave and other components found in aviation broadcast defense homeland security medical space telecom and other complex equipment. Its customers include airlines overhaul shops satellite manufacturers commercial and defense equipment producers and telecommunications equipment suppliers.

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