BlueCrest Capital Management Ltd Increases Stake in Heico Corp (HEI)

BlueCrest Capital Management Ltd boosted its position in shares of Heico Corp (NYSE:HEI) by 381.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,723 shares of the aerospace company’s stock after purchasing an additional 21,169 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Heico were worth $2,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. acquired a new position in Heico during the fourth quarter valued at approximately $118,000. RKL Wealth Management LLC acquired a new position in Heico during the third quarter valued at approximately $201,000. Signition LP acquired a new position in Heico during the fourth quarter valued at approximately $285,000. PEAK6 Investments L.P. acquired a new position in Heico during the third quarter valued at approximately $289,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in Heico during the third quarter valued at approximately $296,000. Hedge funds and other institutional investors own 22.14% of the company’s stock.

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HEI traded down $0.88 during trading on Monday, reaching $85.93. The company had a trading volume of 380,165 shares, compared to its average volume of 342,033. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 2.89. Heico Corp has a 12 month low of $53.85 and a 12 month high of $91.34. The firm has a market cap of $9,176.16, a P/E ratio of 50.85, a PEG ratio of 3.19 and a beta of 0.71.

Heico (NYSE:HEI) last announced its quarterly earnings results on Tuesday, February 27th. The aerospace company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). Heico had a net margin of 13.26% and a return on equity of 14.80%. The company had revenue of $404.41 million during the quarter, compared to the consensus estimate of $394.23 million. sell-side analysts anticipate that Heico Corp will post 2.24 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on HEI. Canaccord Genuity boosted their price objective on shares of Heico from $88.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, March 1st. SunTrust Banks restated a “buy” rating on shares of Heico in a report on Thursday, March 1st. Zacks Investment Research cut shares of Heico from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 13th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $97.00 price target (up previously from $87.20) on shares of Heico in a research note on Thursday, March 1st. Finally, Jefferies Group set a $90.00 price target on shares of Heico and gave the company a “buy” rating in a research note on Wednesday, February 14th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $85.96.

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Heico Profile

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 (NYSE:HEI)

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