AeroVironment, Inc. (NASDAQ:AVAV) Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC lifted its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 87.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,580 shares of the aerospace company’s stock after purchasing an additional 3,995 shares during the quarter. Penserra Capital Management LLC’s holdings in AeroVironment were worth $1,720,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AVAV. Baillie Gifford & Co. increased its position in shares of AeroVironment by 132.7% in the second quarter. Baillie Gifford & Co. now owns 1,511,676 shares of the aerospace company’s stock worth $275,367,000 after acquiring an additional 861,962 shares in the last quarter. International Assets Investment Management LLC boosted its position in AeroVironment by 19,950.0% during the 3rd quarter. International Assets Investment Management LLC now owns 267,066 shares of the aerospace company’s stock worth $53,547,000 after purchasing an additional 265,734 shares during the period. Victory Capital Management Inc. increased its holdings in AeroVironment by 108.4% in the 3rd quarter. Victory Capital Management Inc. now owns 180,824 shares of the aerospace company’s stock valued at $36,255,000 after purchasing an additional 94,062 shares in the last quarter. Driehaus Capital Management LLC raised its position in AeroVironment by 120.6% in the second quarter. Driehaus Capital Management LLC now owns 136,603 shares of the aerospace company’s stock valued at $24,884,000 after purchasing an additional 74,672 shares during the period. Finally, Van ECK Associates Corp raised its position in AeroVironment by 83.6% in the second quarter. Van ECK Associates Corp now owns 112,913 shares of the aerospace company’s stock valued at $20,568,000 after purchasing an additional 51,428 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Trading Down 1.4 %

NASDAQ AVAV opened at $193.11 on Tuesday. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 90.66 and a beta of 0.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.26 and a quick ratio of 3.04. AeroVironment, Inc. has a 12 month low of $116.51 and a 12 month high of $236.60. The company’s fifty day moving average price is $207.68 and its two-hundred day moving average price is $194.20.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings results on Wednesday, September 4th. The aerospace company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.61 by $0.28. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The business had revenue of $189.48 million for the quarter, compared to analysts’ expectations of $183.18 million. During the same quarter last year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. As a group, research analysts predict that AeroVironment, Inc. will post 3.36 earnings per share for the current fiscal 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 completion of the transaction, the chief financial officer now directly owns 18,254 shares of the company’s stock, valued at approximately $3,581,799.88. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 1,782 shares of company stock worth $372,615. 1.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AVAV has been the subject of a number of recent research reports. Raymond James lowered AeroVironment from an “outperform” rating to a “market perform” rating in a research note on Monday, September 16th. Jefferies Financial Group raised shares of AeroVironment from a “hold” rating to a “buy” rating and reduced their target price for the stock from $240.00 to $230.00 in a research report on Wednesday, November 20th. Baird R W upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Royal Bank of Canada dropped their price target on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Finally, Robert W. Baird raised shares of AeroVironment from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $161.00 to $220.00 in a research report on Wednesday, August 28th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price 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.