Riverbridge Partners buys $93,901,325 stake in Heico Corp (HEI)

Heico Corp (HEI) : Riverbridge Partners scooped up 111,369 additional shares in Heico Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 1,335,913 shares of Heico Corp which is valued at $93,901,325.Heico Corp makes up approximately 1.89% of Riverbridge Partners’s portfolio.

Other Hedge Funds, Including , Public Employees Retirement Association Of Colorado boosted its stake in HEI in the latest quarter, The investment management firm added 624 additional shares and now holds a total of 10,710 shares of Heico Corp which is valued at $744,452. Heico Corp makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.K.j. Harrison Partners Inc reduced its stake in HEI by selling 3,750 shares or 23.29% in the most recent quarter. The Hedge Fund company now holds 12,350 shares of HEI which is valued at $860,795. Heico Corp makes up approx 0.45% of K.j. Harrison Partners Inc’s portfolio. First Manhattan Co added HEI to its portfolio by purchasing 94 company shares during the most recent quarter which is valued at $6,163.

Heico Corp closed down -0.43 points or -0.61% at $69.86 with 99,332 shares getting traded on Thursday. Post opening the session at $70.43, the shares hit an intraday low of $69.48 and an intraday high of $70.56 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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