Mesirow Financial Investment Management – Equity Management adds Heico Corp (HEI) to its portfolio

Heico Corp (HEI) : Mesirow Financial Investment Management – Equity Management added new position in Heico Corp during the most recent quarter end. The investment management firm now holds 334,052 shares of Heico Corp which is valued at $23,817,908 , the company said in a statement filed on Aug 8, 2016 with the SEC.Heico Corp makes up approximately 1.36% of Mesirow Financial Investment Management – Equity Management’s portfolio.

Other Hedge Funds, Including , Copeland Capital Management reduced its stake in HEI by selling 1,033 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 356,865 shares of HEI which is valued at $25,094,747. Heico Corp makes up approx 1.69% of Copeland Capital Management’s portfolio.California State Teachers Retirement System boosted its stake in HEI in the latest quarter, The investment management firm added 139 additional shares and now holds a total of 41,039 shares of Heico Corp which is valued at $2,884,631. Heico Corp makes up approx 0.01% of California State Teachers Retirement System’s portfolio. Thomson Horstmann Bryant Inc added HEI to its portfolio by purchasing 9,290 company shares during the most recent quarter which is valued at $617,042. Heico Corp makes up approx 0.08% of Thomson Horstmann Bryant Inc’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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