Ardevora Asset Management Llp buys $30,951,330 stake in Heico Corp (HEI)

Heico Corp (HEI) : Ardevora Asset Management Llp scooped up 31,600 additional shares in Heico Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 434,100 shares of Heico Corp which is valued at $30,951,330.Heico Corp makes up approximately 1.23% of Ardevora Asset Management Llp’s portfolio.

Other Hedge Funds, Including , Royce Associates Lp reduced its stake in HEI by selling 23,900 shares or 2.95% in the most recent quarter. The Hedge Fund company now holds 787,516 shares of HEI which is valued at $56,149,891. Heico Corp makes up approx 0.35% of Royce Associates Lp’s portfolio.1st Global Advisors boosted its stake in HEI in the latest quarter, The investment management firm added 96 additional shares and now holds a total of 10,629 shares of Heico Corp which is valued at $705,978. Heico Corp makes up approx 0.09% of 1st Global Advisors’s portfolio.

Heico Corp opened for trading at $71.55 and hit $72.58 on the upside on Monday, eventually ending the session at $72.57, with a gain of 1.43% or 1.02 points. The heightened volatility saw the trading volume jump to 1,33,203 shares. Company has a market cap of $4,867 M.

On the company’s financial health, Heico Corp reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 25, 2016. Analyst had a consensus of $0.56. The company had revenue of $350.60 million for the quarter, compared to analysts expectations of $340.66 million. The company’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

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. It operates through two operating segments: the Flight Support Group (FSG) and the Electronic Technologies Group (ETG). The Flight Support Group designs manufactures repairs overhauls and distributes jet engine and aircraft component replacement parts. Its Electronic Technologies Group designs and manufactures electronic electro-optical microwave and other components found in aviation broadcast defense homeland security medical space telecom and other complex equipment. Its customers include airlines overhaul shops satellite manufacturers commercial and defense equipment producers and telecommunications equipment suppliers.

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