Insiders at Automotive Replacement-Parts Distributor and Struggling Lighting Company Buy Shares After Earnings Disappointments, Plus Notable Insider Trading at Three Other Companies

One Executive at Heico Corp Discards Shares

One member of Heico Corp (NYSE:HEI)’s executive team offloaded a sizeable block of shares this past week. Thomas S. Irwin, Senior Executive Vice President and Member of the Office of the Chief Executive Officer at Heico, discarded 13,900 units of common stock on Wednesday at $67.61 apiece. After the recent sale, Mr. Irwin currently owns 48,739 units of common stock, along with an additional 83,888 Class A shares. Heico has two classes of common stock, with the two classes being virtually the same, save for voting rights: Heico Class A common stock carries one-tenth of a vote and Heico common stock carries one vote.

Heico Corp (NYSE:HEI)’s business operations involve designing manufacturing and distributing niche aviation, defense, space, medial, telecommunication and electronics products. The company operates through two primary business segments: the flight support group (FSG) and the electronic technologies group (ETG). Heico’s net sales for the nine months that ended July 31 were a record $1.01 billion, up from $860.0 million posted for the same period of the previous year. The company’s stock has gained 22% since the start of the year. Ken Fisher’s Fisher Asset Management reported ownership of 1.02 million shares of Heico Corp (NYSE:HEI) as of the end of September.

Several Insiders at Well-Known Brokerage Firm Offload Shares

Several well-informed insiders at Charles Schwab Corp (NYSE:SCHW) offloaded shares this past week, most of whom, however, sold freshly-exercised stock options. As Insider Monkey leans towards discussing only the informative kind of insider trading activity, this section will discuss the insider selling that was not related to the exercise of stock options. Marie A. Chandoha, President and CEO of Charles Schwab Investment Management Inc., sold 14,000 shares on Thursday at prices varying from $32.17 to $32.46 per share. Following the recent sale, Ms. Chandoha currently owns 14,044 shares of Charles Schwab.

The first U.S. discount brokerage firm has seen its market capitalization jump by 8% in the past six months, which might have propelled Charles Schwab’s insiders to cash out portions of their holdings. In late September, analysts at Morgan Stanley initiated coverage on Charles Schwab Corp (NYSE:SCHW) with an ‘Overweight’ rating and a price target of $37, arguing that the company is best positioned to tackle three main challenges faced by the entire brokerage industry. The three challenges include changing demographics and customer behavior, growing regulatory burdens, as well as emerging technologies that could transform existing business models. John Armitage’s Egerton Capital Limited reported owing 9.77 million shares of Charles Schwab Corp (NYSE:SCHW) through the round of 13F filings for the second quarter.

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