Fisher Asset Management LLC Reduces Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Fisher Asset Management LLC reduced its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 0.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 133,636 shares of the aerospace company’s stock after selling 301 shares during the period. Fisher Asset Management LLC’s holdings in AeroVironment were worth $26,794,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Radnor Capital Management LLC increased its stake in AeroVironment by 1.0% during the 3rd quarter. Radnor Capital Management LLC now owns 5,965 shares of the aerospace company’s stock valued at $1,196,000 after purchasing an additional 60 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of AeroVironment by 1.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,609 shares of the aerospace company’s stock valued at $840,000 after acquiring an additional 66 shares during the period. Arcadia Investment Management Corp MI increased its position in shares of AeroVironment by 23.1% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock valued at $80,000 after acquiring an additional 75 shares during the period. First Trust Direct Indexing L.P. raised its stake in AeroVironment by 7.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,434 shares of the aerospace company’s stock worth $288,000 after acquiring an additional 96 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position 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 acquiring an additional 133 shares during the period. 86.38% of the stock is currently owned by institutional investors and hedge funds.

AeroVironment Stock Up 1.8 %

AVAV stock opened at $196.50 on Wednesday. AeroVironment, Inc. has a one year low of $116.51 and a one year high of $236.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26. The firm’s fifty day moving average is $207.68 and its 200 day moving average is $194.20. The firm has a market cap of $5.54 billion, a PE ratio of 92.25 and a beta of 0.49.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Wednesday, September 4th. The aerospace company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.28. The firm had revenue of $189.48 million for the quarter, compared to analysts’ expectations of $183.18 million. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The company’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period last year, the firm earned $1.00 EPS. On average, research analysts forecast that AeroVironment, Inc. will post 3.36 EPS for the current year.

Insider Transactions at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of AeroVironment stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $196.22, for a total value of $77,703.12. Following the sale, the chief financial officer now owns 18,254 shares in the company, valued at $3,581,799.88. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 1,782 shares of company stock valued at $372,615 in the last three months. 1.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Jefferies Financial Group upgraded AeroVironment from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $240.00 to $230.00 in a research note on Wednesday, November 20th. BTIG Research restated a “buy” rating and set a $245.00 price objective on shares of AeroVironment in a research note on Tuesday, September 17th. Alembic Global Advisors upgraded shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price objective on the stock in a research note on Wednesday, August 28th. Robert W. Baird upgraded shares of AeroVironment from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $161.00 to $220.00 in a research report on Wednesday, August 28th. Finally, Raymond James lowered shares of AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, AeroVironment currently has a consensus rating of “Buy” and an average price target of $211.83.

AeroVironment Profile

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.