AeroVironment, Inc. (NASDAQ:AVAV) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 24.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,137 shares of the aerospace company’s stock after acquiring an additional 4,550 shares during the period. Envestnet Asset Management Inc.’s holdings in AeroVironment were worth $4,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its stake in AeroVironment by 1.5% in the second 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 in the last quarter. Corient Private Wealth LLC raised its holdings in shares of AeroVironment by 1.7% in the fourth quarter. Corient Private Wealth LLC now owns 4,882 shares of the aerospace company’s stock valued at $615,000 after buying an additional 80 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of AeroVironment by 0.6% in the first quarter. New York State Teachers Retirement System now owns 17,667 shares of the aerospace company’s stock valued at $2,708,000 after buying an additional 100 shares during the last quarter. North Star Investment Management Corp. raised its holdings in shares of AeroVironment by 8.8% in the first quarter. North Star Investment Management Corp. now owns 1,268 shares of the aerospace company’s stock valued at $194,000 after buying an additional 103 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of AeroVironment by 7.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,920 shares of the aerospace company’s stock valued at $294,000 after buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

AVAV has been the subject of a number of research reports. BTIG Research reaffirmed a “buy” rating and issued a $245.00 target price on shares of AeroVironment in a report on Tuesday, September 17th. Royal Bank of Canada reduced their target price on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Robert W. Baird raised shares of AeroVironment from a “neutral” rating to an “outperform” rating and upped their target price for the company from $161.00 to $220.00 in a report on Wednesday, August 28th. Raymond James cut shares of AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. Finally, Baird R W raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $208.20.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 9,867 shares of the stock in a transaction dated Friday, July 5th. The shares were 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 of the company’s stock, valued at $16,904,723.16. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of the stock in a transaction that occurred on 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 directly owns 18,254 shares in the company, valued at $3,581,799.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Wahid Nawabi sold 9,867 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were 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 owns 99,892 shares in the company, valued at $16,904,723.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,776 shares of company stock valued at $1,837,117. Corporate insiders own 1.40% of the company’s stock.

AeroVironment Trading Up 5.3 %

NASDAQ AVAV opened at $211.09 on Wednesday. The stock has a market capitalization of $5.94 billion, a P/E ratio of 95.09 and a beta of 0.50. AeroVironment, Inc. has a 52-week low of $104.67 and a 52-week high of $224.00. The firm has a 50-day moving average price of $184.28 and a 200 day moving average price of $178.53. The company has a quick ratio of 3.04, a current ratio of 4.26 and a debt-to-equity ratio of 0.01.

AeroVironment (NASDAQ:AVAV) last issued its earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.28. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The company had revenue of $189.48 million during the quarter, compared to analysts’ expectations of $183.18 million. During the same period last year, the company posted $1.00 earnings per share. The firm’s quarterly revenue was up 24.4% compared to the same quarter last year. Equities research analysts expect that AeroVironment, Inc. will post 3.29 EPS for the current 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.