Commonwealth Equity Services LLC Buys 66 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Commonwealth Equity Services LLC grew its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,609 shares of the aerospace company’s stock after purchasing an additional 66 shares during the quarter. Commonwealth Equity Services LLC’s holdings in AeroVironment were worth $840,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of AVAV. Legacy Advisors LLC lifted its stake in shares of AeroVironment by 1.3% during the second quarter. Legacy Advisors LLC now owns 13,446 shares of the aerospace company’s stock valued at $2,449,000 after acquiring an additional 167 shares during the period. Rothschild Investment LLC acquired a new position in shares of AeroVironment during the second quarter valued at $330,000. International Assets Investment Management LLC acquired a new position in shares of AeroVironment during the second quarter valued at $243,000. Tower View Wealth Management LLC acquired a new position in shares of AeroVironment during the second quarter valued at $1,326,000. Finally, Legato Capital Management LLC acquired a new position in shares of AeroVironment during the second quarter valued at $987,000. Institutional investors and hedge funds own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AVAV shares. Raymond James downgraded AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday. Royal Bank of Canada dropped their price objective on AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Alembic Global Advisors upgraded AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price objective for the company in a report on Wednesday, August 28th. BTIG Research reiterated a “buy” rating and issued a $245.00 price objective on shares of AeroVironment in a report on Tuesday. Finally, Robert W. Baird upgraded 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 report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $208.20.

Insider Activity

In other news, CEO Wahid Nawabi sold 9,867 shares of the business’s 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 transaction, the chief executive officer now directly owns 99,892 shares of the company’s stock, valued at approximately $16,904,723.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AeroVironment news, CEO Wahid Nawabi sold 9,867 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $169.23, for a total transaction of $1,669,792.41. Following the completion of the sale, the chief executive officer now directly owns 99,892 shares of the company’s stock, valued at approximately $16,904,723.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin Patrick Mcdonnell sold 513 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $174.70, for a total value of $89,621.10. Following the sale, the chief financial officer now directly owns 18,650 shares of the company’s stock, valued at $3,258,155. The disclosure for this sale can be found here. Insiders have sold 11,287 shares of company stock valued at $1,928,305 in the last ninety days. 1.40% of the stock is owned by company insiders.

AeroVironment Trading Down 0.3 %

Shares of AVAV opened at $174.44 on Thursday. AeroVironment, Inc. has a 52-week low of $104.67 and a 52-week high of $224.00. The business’s fifty day moving average is $179.52 and its 200-day moving average is $176.22. 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 has a market cap of $4.91 billion, a price-to-earnings ratio of 79.20 and a beta of 0.50.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, beating 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 company had revenue of $189.48 million for the quarter, compared to analyst estimates of $183.18 million. During the same quarter last year, the company posted $1.00 EPS. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. Equities analysts anticipate that AeroVironment, Inc. will post 3.4 EPS for the current fiscal year.

About AeroVironment

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.