Shareholder Riverbridge Partners LLC Boosted Heico Corporation (HEI) Stake

June 18, 2018 - By Marie Mckinney

HEICO Corporation (NYSE:HEI) LogoInvestors sentiment increased to 4.43 in 2018 Q1. Its up 3.26, from 1.17 in 2017Q4. It is positive, as 22 investors sold HEI shares while 22 reduced holdings. 47 funds opened positions while 148 raised stakes. 54.92 million shares or 150.71% more from 21.91 million shares in 2017Q4 were reported. Eagle Asset Management owns 0.03% invested in HEICO Corporation (NYSE:HEI) for 72,677 shares. Tower Cap Ltd Liability Com (Trc) reported 548 shares stake. Copeland Cap Management Ltd Co stated it has 2.09% of its portfolio in HEICO Corporation (NYSE:HEI). Texas-based King Luther Cap Mngmt has invested 0.01% in HEICO Corporation (NYSE:HEI). Cubist Systematic Strategies Lc holds 19,489 shares. Gamco Inc Et Al has invested 0.06% in HEICO Corporation (NYSE:HEI). Point72 Asset Management Limited Partnership holds 0.03% or 95,000 shares. Usa Fincl Portformulas Corp reported 9,627 shares. Federated Invsts Inc Pa has invested 0.12% in HEICO Corporation (NYSE:HEI). Deutsche National Bank Ag accumulated 0.01% or 211,496 shares. Creative Planning accumulated 0% or 4,107 shares. Moreover, Amalgamated Retail Bank has 0.02% invested in HEICO Corporation (NYSE:HEI) for 6,548 shares. Moreover, Efg Asset Mgmt (Americas) has 0.33% invested in HEICO Corporation (NYSE:HEI) for 9,150 shares. 495,405 are owned by Franklin Res. California State Teachers Retirement System reported 0% stake.

Since April 2, 2018, it had 0 buys, and 5 insider sales for $10.95 million activity. SCHRIESHEIM ALAN had sold 2,000 shares worth $175,660. $173,384 worth of HEICO Corporation (NYSE:HEI) was sold by Schwitter Frank J.

Riverbridge Partners Llc increased its stake in Heico Corporation (HEI) by 25.01% based on its latest 2018Q1 regulatory filing with the SEC. Riverbridge Partners Llc bought 368,254 shares as the company’s stock rose 11.09% while stock markets declined. The hedge fund held 1.84 million shares of the aerospace company at the end of 2018Q1, valued at $159.80M, up from 1.47M at the end of the previous reported quarter. Riverbridge Partners Llc who had been investing in Heico Corporation for a number of months, seems to be bullish on the $8.71 billion market cap company. The stock decreased 0.28% or $0.26 during the last trading session, reaching $92.3. About 391,609 shares traded or 31.20% up from the average. HEICO Corporation (NYSE:HEI) has risen 55.38% since June 18, 2017 and is uptrending. It has outperformed by 42.81% the S&P500.

Riverbridge Partners Llc, which manages about $5.72B and $5.48B US Long portfolio, decreased its stake in Financial Engines Inc. (NASDAQ:FNGN) by 428,543 shares to 788,684 shares, valued at $27.60M in 2018Q1, according to the filing. It also reduced its holding in Diplomat Pharmacy Inc. (NYSE:DPLO) by 644,542 shares in the quarter, leaving it with 603,899 shares, and cut its stake in Ishares Tr Russell 2000 (IWM).

More recent HEICO Corporation (NYSE:HEI) news were published by: Seekingalpha.com which released: “HEICO declares a 5-for-4 stock split” on June 12, 2018. Also Seekingalpha.com published the news titled: “HEICO Corporation (HEI) CEO Laurans Mendelson on Q2 2018 Results – Earnings Call Transcript” on May 30, 2018. Seekingalpha.com‘s news article titled: “HEICO drops 5% despite Q2 beat, higher outlook” with publication date: May 30, 2018 was also an interesting one.

HEICO Corporation (NYSE:HEI) Ratings Coverage

Among 5 analysts covering HEICO Corp (NYSE:HEI), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. HEICO Corp has $116.0 highest and $84.0 lowest target. $94’s average target is 1.84% above currents $92.3 stock price. HEICO Corp had 9 analyst reports since December 19, 2017 according to SRatingsIntel. The stock of HEICO Corporation (NYSE:HEI) has “Outperform” rating given on Thursday, March 1 by Credit Suisse. The stock of HEICO Corporation (NYSE:HEI) has “Buy” rating given on Monday, January 8 by Jefferies. Canaccord Genuity maintained the shares of HEI in report on Thursday, March 1 with “Buy” rating. Jefferies maintained HEICO Corporation (NYSE:HEI) rating on Wednesday, February 14. Jefferies has “Buy” rating and $90.0 target. The rating was maintained by Jefferies with “Hold” on Tuesday, December 19. The rating was maintained by SunTrust with “Buy” on Tuesday, December 19. Stephens maintained HEICO Corporation (NYSE:HEI) on Wednesday, February 28 with “Hold” rating. The rating was maintained by Stephens on Thursday, January 18 with “Hold”. The rating was maintained by SunTrust with “Buy” on Wednesday, February 28.

HEICO Corporation (NYSE:HEI) Institutional Positions Chart

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