Driehaus Capital Management LLC boosted its position in Heico Corp (NYSE:HEI) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,559 shares of the aerospace company’s stock after acquiring an additional 2,311 shares during the quarter. Driehaus Capital Management LLC’s holdings in Heico were worth $1,468,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Virginia Retirement Systems ET AL acquired a new position in Heico in the third quarter valued at $763,000. Moody Lynn & Lieberson LLC boosted its holdings in Heico by 135.7% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 67,207 shares of the aerospace company’s stock valued at $5,479,000 after acquiring an additional 38,692 shares during the last quarter. Chilton Investment Co. LLC boosted its holdings in Heico by 149.8% in the fourth quarter. Chilton Investment Co. LLC now owns 351,111 shares of the aerospace company’s stock valued at $33,127,000 after acquiring an additional 210,534 shares during the last quarter. EFG Asset Management Americas Corp. boosted its holdings in Heico by 21.3% in the fourth quarter. EFG Asset Management Americas Corp. now owns 6,794 shares of the aerospace company’s stock valued at $641,000 after acquiring an additional 1,192 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in Heico in the third quarter valued at $1,102,000. Hedge funds and other institutional investors own 21.80% of the company’s stock.
A number of research analysts recently weighed in on HEI shares. SunTrust Banks reiterated a “buy” rating and issued a $92.80 target price on shares of Heico in a report on Thursday, December 21st. Jefferies Group upgraded Heico from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Canaccord Genuity restated a “buy” rating on shares of Heico in a research note on Friday, February 23rd. Zacks Investment Research upgraded Heico from a “hold” rating to a “strong-buy” rating and set a $93.00 price objective on the stock in a research note on Tuesday, February 20th. Finally, Stephens set a $83.20 price objective on Heico and gave the stock a “hold” rating in a research note on Monday, December 18th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $85.96.
Heico (NYSE:HEI) last announced its earnings results on Tuesday, February 27th. The aerospace company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). Heico had a return on equity of 14.80% and a net margin of 13.26%. The business had revenue of $404.41 million for the quarter, compared to analysts’ expectations of $394.23 million. analysts predict that Heico Corp will post 2.24 EPS for the current year.
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.
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