Adolfo Henriques Is The Independent Director of HEICO Corporation (NYSE:HEI) And They Just Picked Up 42% More Shares
Potential HEICO Corporation (NYSE:HEI) shareholders may wish to note that the Independent Director, Adolfo Henriques, recently bought US$218k worth of stock, paying US$157 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 42%.
View our latest analysis for HEICO
The Last 12 Months Of Insider Transactions At HEICO
Over the last year, we can see that the biggest insider sale was by the Independent Director, Alan Schriesheim, for US$870k worth of shares, at about US$145 per share. That means that an insider was selling shares at slightly below the current price (US$164). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 5.3% of Alan Schriesheim's holding. Alan Schriesheim was the only individual insider to sell over the last year.
Happily, we note that in the last year insiders paid US$1.7m for 10.59k shares. But insiders sold 6.00k shares worth US$870k. Overall, HEICO insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does HEICO Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that HEICO insiders own 14% of the company, worth about US$2.7b. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The HEICO Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about HEICO. Looks promising! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course HEICO may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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