Nicholas Company Inc. boosted its position in shares of Heico Corporation (NYSE:HEI) by 22.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,403 shares of the aerospace company’s stock after purchasing an additional 14,683 shares during the period. Nicholas Company Inc. owned approximately 0.24% of Heico Corporation worth $5,776,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Steinberg Global Asset Management raised its stake in Heico Corporation by 1.4% during the first quarter. Steinberg Global Asset Management now owns 15,624 shares of the aerospace company’s stock worth $1,362,000 after purchasing an additional 209 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Heico Corporation by 2.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,749 shares of the aerospace company’s stock worth $850,000 after purchasing an additional 234 shares during the period. Parkside Financial Bank & Trust raised its stake in Heico Corporation by 23.6% during the second quarter. Parkside Financial Bank & Trust now owns 1,482 shares of the aerospace company’s stock worth $106,000 after purchasing an additional 283 shares during the period. Fortaleza Asset Management Inc. raised its stake in Heico Corporation by 25.0% during the second quarter. Fortaleza Asset Management Inc. now owns 3,287 shares of the aerospace company’s stock worth $236,000 after purchasing an additional 657 shares during the period. Finally, Origin Asset Management LLP raised its stake in Heico Corporation by 25.0% during the second quarter. Origin Asset Management LLP now owns 3,551 shares of the aerospace company’s stock worth $255,000 after purchasing an additional 710 shares during the period. 26.40% of the stock is currently owned by institutional investors.

Shares of Heico Corporation (NYSE:HEI) opened at 84.57 on Friday. The stock has a market capitalization of $7.14 billion, a P/E ratio of 41.42 and a beta of 0.76. Heico Corporation has a 1-year low of $52.56 and a 1-year high of $87.36. The stock has a 50 day moving average of $84.21 and a 200-day moving average of $75.11.

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

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Heico Corporation from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research note on Thursday. Seaport Global Securities assumed coverage on shares of Heico Corporation in a research note on Tuesday, September 12th. They set a “neutral” rating and a $90.00 target price on the stock. Credit Suisse Group reaffirmed an “outperform” rating and set a $98.00 target price (up from $85.00) on shares of Heico Corporation in a research note on Tuesday, August 29th. Bank of America Corporation raised shares of Heico Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $75.00 to $95.00 in a research note on Tuesday, August 29th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $89.00 target price (up from $75.00) on shares of Heico Corporation in a research note on Thursday, August 24th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Heico Corporation has a consensus rating of “Hold” and an average target price of $90.89.

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About Heico Corporation

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

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