Bahl & Gaynor Inc. Increases Position in Heico Corp. (HEI)
Bahl & Gaynor Inc. boosted its stake in shares of Heico Corp. (NYSE:HEI) by 24.1% during the third quarter, Holdings Channel reports. The fund owned 28,963 shares of the company’s stock after buying an additional 5,630 shares during the period. Bahl & Gaynor Inc.’s holdings in Heico Corp. were worth $2,004,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of HEI. Markel Corp purchased a new stake in shares of Heico Corp. during the second quarter valued at about $215,000. Calvert Investment Management Inc. purchased a new stake in shares of Heico Corp. during the second quarter valued at about $224,000. Bell State Bank & Trust purchased a new stake in shares of Heico Corp. during the second quarter valued at about $232,000. KCG Holdings Inc. purchased a new stake in shares of Heico Corp. during the second quarter valued at about $243,000. Finally, Chicago Equity Partners LLC purchased a new stake in shares of Heico Corp. during the third quarter valued at about $275,000. Hedge funds and other institutional investors own 26.32% of the company’s stock.
Heico Corp. (NYSE:HEI) traded down 0.66% during trading on Wednesday, reaching $78.50. The company had a trading volume of 126,561 shares. The firm has a market capitalization of $5.28 billion, a P/E ratio of 35.52 and a beta of 0.40. Heico Corp. has a one year low of $47.86 and a one year high of $80.19. The firm’s 50-day moving average price is $70.60 and its 200 day moving average price is $68.50.
TRADEMARK VIOLATION WARNING: This piece of content was reported by Financial Market News and is owned by of Financial Market News. If you are accessing this piece of content on another website, it was stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be accessed at http://www.financial-market-news.com/bahl-gaynor-inc-increases-position-in-heico-corp-hei/1211358/.
HEI has been the topic of a number of analyst reports. Canaccord Genuity boosted their price objective on Heico Corp. from $75.00 to $82.00 in a research note on Friday, August 19th. Zacks Investment Research upgraded Heico Corp. from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Tuesday, October 25th. Gabelli reiterated a “hold” rating on shares of Heico Corp. in a research note on Tuesday, September 20th. Jefferies Group reiterated a “hold” rating and set a $72.00 price objective on shares of Heico Corp. in a research note on Thursday, August 25th. Finally, Credit Suisse Group AG boosted their price objective on Heico Corp. from $62.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, August 25th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Heico Corp. currently has an average rating of “Hold” and a consensus target price of $74.40.
About Heico Corp.
HEICO Corporation is an aerospace and electronics company. The Company provides commercial aircraft replacement parts, aircraft accessories component repair and overhaul services for avionic, electro-mechanical, flight surface, hydraulic and pneumatic applications; distributes aircraft parts, and manufactures other critical aircraft parts.
Want to see what other hedge funds are holding HEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heico Corp. (NYSE:HEI).
Receive News & Ratings for Heico Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heico Corp. and related companies with MarketBeat.com's FREE daily email newsletter.