AGF Investments Inc. Buys 12,500 Shares of Heico Corporation (NYSE:HEI)

AGF Investments Inc. raised its holdings in shares of Heico Corporation (NYSE:HEI) by 25.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,500 shares of the aerospace company’s stock after purchasing an additional 12,500 shares during the quarter. AGF Investments Inc. owned 0.19% of Heico Corporation worth $4,492,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its holdings in shares of Heico Corporation by 23.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,482 shares of the aerospace company’s stock worth $106,000 after acquiring an additional 283 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Heico Corporation in the 1st quarter worth about $202,000. Brown Advisory Securities LLC purchased a new position in Heico Corporation in the 1st quarter worth about $202,000. Comerica Bank purchased a new position in Heico Corporation in the 2nd quarter worth about $209,000. Finally, EFG Asset Management Americas Corp. purchased a new position in Heico Corporation in the 1st quarter worth about $216,000. Hedge funds and other institutional investors own 26.40% of the company’s stock.

A number of research analysts have commented on the stock. Seaport Global Securities assumed coverage on shares of Heico Corporation in a research report on Tuesday, September 12th. They set a “neutral” rating and a $90.00 target price on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Heico Corporation in a research report on Monday, June 26th. Zacks Investment Research raised shares of Heico Corporation from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research report on Thursday. Bank of America Corporation upgraded 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, Canaccord Genuity lifted their target price on shares of Heico Corporation from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $90.89.

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Heico Corporation (NYSE HEI) opened at 84.57 on Friday. The firm has a 50-day moving average of $84.21 and a 200-day moving average of $75.11. Heico Corporation has a 52-week low of $52.56 and a 52-week high of $87.36. The firm has a market cap of $7.14 billion, a PE ratio of 41.42 and a beta of 0.76.

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

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.

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

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