Illinois Municipal Retirement Fund Has $1.60 Million Stock Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Illinois Municipal Retirement Fund trimmed its position in AeroVironment, Inc. (NASDAQ:AVAV) by 37.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,445 shares of the aerospace company’s stock after selling 6,277 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in AeroVironment were worth $1,601,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in AeroVironment by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 2,915,436 shares of the aerospace company’s stock valued at $367,462,000 after buying an additional 54,482 shares in the last quarter. Congress Asset Management Co. MA lifted its position in shares of AeroVironment by 8.8% during the 1st quarter. Congress Asset Management Co. MA now owns 350,733 shares of the aerospace company’s stock valued at $53,760,000 after acquiring an additional 28,288 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of AeroVironment by 1.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 288,155 shares of the aerospace company’s stock valued at $36,319,000 after acquiring an additional 4,728 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of AeroVironment by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 237,477 shares of the aerospace company’s stock valued at $29,932,000 after acquiring an additional 5,652 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of AeroVironment by 187.5% during the 4th quarter. Wellington Management Group LLP now owns 221,749 shares of the aerospace company’s stock valued at $27,949,000 after acquiring an additional 144,628 shares during the period. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Price Performance

Shares of AVAV stock opened at $173.25 on Monday. The company has a quick ratio of 2.52, a current ratio of 3.56 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a twelve month low of $91.00 and a twelve month high of $224.00. The company has a market cap of $4.87 billion, a P/E ratio of 78.04 and a beta of 0.51. The business has a fifty day simple moving average of $192.89 and a 200 day simple moving average of $157.69.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, June 26th. The aerospace company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.21. AeroVironment had a return on equity of 10.89% and a net margin of 8.32%. The business had revenue of $197.00 million during the quarter, compared to the consensus estimate of $188.48 million. During the same period in the prior year, the company earned $0.99 EPS. AeroVironment’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, sell-side analysts forecast that AeroVironment, Inc. will post 3.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of AeroVironment in a research report on Thursday, June 27th. BTIG Research assumed coverage on AeroVironment in a research report on Wednesday, June 26th. They set a “buy” rating and a $255.00 target price for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $175.20.

Insider Buying and Selling

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 511 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $178.45, for a total value of $91,187.95. Following the completion of the transaction, the chief financial officer now directly owns 21,334 shares in the company, valued at $3,807,052.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other AeroVironment news, CEO Wahid Nawabi sold 9,867 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $169.23, for a total value of $1,669,792.41. Following the completion of the transaction, the chief executive officer now directly owns 99,892 shares in the company, valued at $16,904,723.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin Patrick Mcdonnell sold 511 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $178.45, for a total value of $91,187.95. Following the completion of the transaction, the chief financial officer now owns 21,334 shares of the company’s stock, valued at $3,807,052.30. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

AeroVironment Company 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.