Private Trust Co. NA Reduces Stake in AeroVironment, Inc. (NASDAQ:AVAV)

Private Trust Co. NA decreased its stake in shares of AeroVironment, Inc. (NASDAQ:AVAVFree Report) by 29.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,225 shares of the aerospace company’s stock after selling 500 shares during the period. Private Trust Co. NA’s holdings in AeroVironment were worth $246,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Radnor Capital Management LLC lifted its holdings in AeroVironment by 1.0% during the 3rd quarter. Radnor Capital Management LLC now owns 5,965 shares of the aerospace company’s stock worth $1,196,000 after purchasing an additional 60 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in AeroVironment by 1.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,609 shares of the aerospace company’s stock worth $840,000 after purchasing an additional 66 shares in the last quarter. Arcadia Investment Management Corp MI lifted its holdings in AeroVironment by 23.1% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock worth $80,000 after purchasing an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. lifted its holdings in AeroVironment by 7.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,434 shares of the aerospace company’s stock worth $288,000 after purchasing an additional 96 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in AeroVironment by 51.0% during the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock worth $79,000 after purchasing an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on AVAV shares. Royal Bank of Canada lowered their price target on AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Jefferies Financial Group raised AeroVironment from a “hold” rating to a “buy” rating and lowered their price target for the company from $240.00 to $230.00 in a report on Wednesday, November 20th. BTIG Research reaffirmed a “buy” rating and issued a $245.00 price target on shares of AeroVironment in a report on Tuesday, September 17th. Raymond James cut AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. Finally, Baird R W raised AeroVironment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 28th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, AeroVironment has an average rating of “Buy” and a consensus target price of $211.83.

Check Out Our Latest Analysis on AVAV

Insider Buying and Selling

In other news, CFO Kevin Patrick Mcdonnell sold 508 shares of AeroVironment stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $216.65, for a total value of $110,058.20. Following the sale, the chief financial officer now directly owns 16,868 shares in the company, valued at approximately $3,654,452.20. This trade represents a 2.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 1,782 shares of company stock worth $372,615 in the last ninety days. 1.27% of the stock is owned by insiders.

AeroVironment Stock Performance

Shares of NASDAQ AVAV opened at $190.87 on Friday. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 89.61 and a beta of 0.49. The company has a current ratio of 4.26, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01. AeroVironment, Inc. has a 1-year low of $116.51 and a 1-year high of $236.60. The stock’s 50-day moving average is $208.44 and its 200 day moving average is $194.25.

AeroVironment (NASDAQ:AVAVGet Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.28. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The business had revenue of $189.48 million for the quarter, compared to analyst estimates of $183.18 million. During the same period last year, the company earned $1.00 EPS. AeroVironment’s revenue for the quarter was up 24.4% compared to the same quarter last year. On average, sell-side analysts anticipate that AeroVironment, Inc. will post 3.36 EPS for the current fiscal year.

AeroVironment Profile

(Free Report)

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.

See Also

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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