Driehaus Capital Management LLC grew its position in Heico Corp (NYSE:HEI) by 17.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,559 shares of the aerospace company’s stock after purchasing an additional 2,311 shares during the quarter. Driehaus Capital Management LLC’s holdings in Heico were worth $1,468,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Heico in the 4th quarter valued at $118,000. RKL Wealth Management LLC acquired a new stake in Heico during the 3rd quarter worth $201,000. Signition LP acquired a new stake in Heico during the 4th quarter worth $285,000. PEAK6 Investments L.P. acquired a new stake in Heico during the 3rd quarter worth $289,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in Heico during the 3rd quarter worth $296,000. Institutional investors and hedge funds own 21.83% of the company’s stock.
Shares of Heico Corp (NYSE HEI) opened at $88.09 on Wednesday. Heico Corp has a one year low of $53.43 and a one year high of $88.73. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 2.89. The company has a market cap of $9,146.57, a price-to-earnings ratio of 45.31, a P/E/G ratio of 3.28 and a beta of 0.70.
Several equities research analysts recently commented on HEI shares. SunTrust Banks reiterated a “buy” rating and set a $92.80 price target on shares of Heico in a research note on Thursday, December 21st. Stephens set a $83.20 price target on shares of Heico and gave the stock a “hold” rating in a research note on Monday, December 18th. Credit Suisse Group reiterated an “outperform” rating and set a $87.20 price target (up from $78.40) on shares of Heico in a research note on Wednesday, December 20th. They noted that the move was a valuation call. Canaccord Genuity lifted their price target on shares of Heico from $88.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research lowered shares of Heico from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $85.96.
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Heico 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.
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