Eagle Asset Management Inc. grew its position in shares of Heico Corp (NYSE:HEI) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,672 shares of the aerospace company’s stock after purchasing an additional 7,990 shares during the period. Eagle Asset Management Inc.’s holdings in Heico were worth $12,915,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. bought a new stake in Heico during the fourth quarter worth about $118,000. Ironwood Investment Counsel LLC bought a new stake in Heico during the third quarter worth about $201,000. RKL Wealth Management LLC bought a new stake in Heico during the third quarter worth about $201,000. Signition LP bought a new stake in Heico during the fourth quarter worth about $285,000. Finally, PEAK6 Investments L.P. bought a new stake in Heico during the third quarter worth about $289,000. 20.16% of the stock is owned by hedge funds and other institutional investors.
Shares of Heico Corp (NYSE:HEI) opened at $80.82 on Wednesday. Heico Corp has a 52 week low of $50.94 and a 52 week high of $85.47. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $8,518.00, a PE ratio of 47.37, a PEG ratio of 3.73 and a beta of 0.78.
Several equities research analysts have issued reports on the company. Zacks Investment Research raised Heico from a “hold” rating to a “strong-buy” rating and set a $93.00 price target for the company in a research note on Tuesday. Jefferies Group set a $90.00 price target on Heico and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Stephens set a $84.00 price target on Heico and gave the stock a “hold” rating in a research note on Friday, January 19th. SunTrust Banks reaffirmed a “buy” rating and set a $92.80 price target on shares of Heico in a research note on Thursday, December 21st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $87.20 price target (up previously from $78.40) on shares of Heico in a research note on Wednesday, December 20th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $83.53.
ILLEGAL ACTIVITY NOTICE: “Heico Corp (HEI) Shares Bought by Eagle Asset Management Inc.” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://www.com-unik.info/2018/02/21/heico-corp-hei-shares-bought-by-eagle-asset-management-inc.html.
HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
Want to see what other hedge funds are holding HEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heico Corp (NYSE:HEI).
Receive News & Ratings for Heico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heico and related companies with MarketBeat.com's FREE daily email newsletter.