Paloma Partners Management Co increased its stake in shares of Heico Corp (NYSE:HEI) by 12.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 24,495 shares of the aerospace company’s stock after acquiring an additional 2,753 shares during the period. Paloma Partners Management Co’s holdings in Heico were worth $2,311,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Two Sigma Investments LP increased its holdings in shares of Heico by 508.8% during the 4th quarter. Two Sigma Investments LP now owns 194,915 shares of the aerospace company’s stock valued at $18,390,000 after acquiring an additional 162,901 shares during the last quarter. Two Sigma Advisers LP bought a new stake in Heico during the 4th quarter valued at approximately $11,225,000. Franklin Resources Inc. boosted its stake in Heico by 148.0% during the 4th quarter. Franklin Resources Inc. now owns 152,004 shares of the aerospace company’s stock valued at $14,342,000 after purchasing an additional 90,700 shares during the period. AMP Capital Investors Ltd bought a new stake in Heico during the 4th quarter valued at approximately $236,000. Finally, BlueCrest Capital Management Ltd boosted its stake in Heico by 381.1% during the 4th quarter. BlueCrest Capital Management Ltd now owns 26,723 shares of the aerospace company’s stock valued at $2,521,000 after purchasing an additional 21,169 shares during the period. 21.83% of the stock is currently owned by institutional investors and hedge funds.
Heico Corp (HEI) opened at $88.09 on Wednesday. The company has a current ratio of 2.89, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $9,146.57, a P/E ratio of 45.31, a P/E/G ratio of 3.28 and a beta of 0.70. Heico Corp has a 52-week low of $53.43 and a 52-week high of $88.73.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Heico from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Canaccord Genuity raised their price objective on Heico from $88.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, March 1st. SunTrust Banks reiterated a “buy” rating on shares of Heico in a research report on Thursday, March 1st. Credit Suisse Group reiterated an “outperform” rating and issued a $97.00 price objective (up previously from $87.20) on shares of Heico in a research report on Thursday, March 1st. Finally, Jefferies Group set a $90.00 price objective on Heico and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $85.96.
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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