Chicago Equity Partners LLC Purchases 1,247 Shares of Heico Corporation (HEI)

Chicago Equity Partners LLC lifted its stake in Heico Corporation (NYSE:HEI) by 25.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,237 shares of the aerospace company’s stock after buying an additional 1,247 shares during the quarter. Chicago Equity Partners LLC’s holdings in Heico Corporation were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Tygh Capital Management Inc. raised its stake in shares of Heico Corporation by 72.8% in the second quarter. Tygh Capital Management Inc. now owns 110,793 shares of the aerospace company’s stock worth $7,959,000 after buying an additional 46,665 shares during the period. Fortaleza Asset Management Inc. raised its stake in shares of Heico Corporation by 25.0% in the second quarter. Fortaleza Asset Management Inc. now owns 3,287 shares of the aerospace company’s stock worth $236,000 after buying an additional 657 shares during the period. Turner Investments LLC raised its stake in shares of Heico Corporation by 285.7% in the second quarter. Turner Investments LLC now owns 13,500 shares of the aerospace company’s stock worth $970,000 after buying an additional 10,000 shares during the period. Chartwell Investment Partners LLC raised its stake in shares of Heico Corporation by 25.0% in the second quarter. Chartwell Investment Partners LLC now owns 50,101 shares of the aerospace company’s stock worth $3,599,000 after buying an additional 10,033 shares during the period. Finally, Gamco Investors INC. ET AL raised its stake in shares of Heico Corporation by 24.6% in the second quarter. Gamco Investors INC. ET AL now owns 83,945 shares of the aerospace company’s stock worth $6,031,000 after buying an additional 16,549 shares during the period. 26.40% of the stock is currently owned by hedge funds and other institutional investors.

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Several research analysts have recently commented on HEI shares. Zacks Investment Research raised Heico Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Tuesday, May 30th. Canaccord Genuity reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Heico Corporation in a research note on Monday, May 22nd. BidaskClub downgraded Heico Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Bank of America Corporation raised Heico Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $75.00 to $95.00 in a research note on Tuesday, August 29th. Finally, Deutsche Bank AG downgraded Heico Corporation from a “buy” rating to a “hold” rating and raised their price objective for the stock from $80.00 to $86.00 in a research note on Wednesday, August 16th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Heico Corporation currently has a consensus rating of “Hold” and an average price target of $90.89.

Shares of Heico Corporation (NYSE HEI) opened at 85.42 on Wednesday. The company’s 50-day moving average price is $83.61 and its 200 day moving average price is $74.68. The company has a market cap of $7.21 billion, a P/E ratio of 41.83 and a beta of 0.76. Heico Corporation has a 52 week low of $52.56 and a 52 week high of $87.36.

Heico Corporation (NYSE:HEI) last released its quarterly earnings results on Wednesday, August 23rd. The aerospace company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $391.50 million during the quarter, compared to analysts’ expectations of $390.55 million. Heico Corporation had a return on equity of 15.56% and a net margin of 12.04%. Heico Corporation’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. Equities research analysts anticipate that Heico Corporation will post $2.10 earnings per share for the current fiscal year.

Heico Corporation Company Profile

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.

Institutional Ownership by Quarter for Heico Corporation (NYSE:HEI)

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