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.

Institutional Ownership by Quarter for Heico Corp. (NYSE:HEI)

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.

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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.

5 Day Chart for NYSE:HEI

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