State Street Corp Acquires 7,471 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

State Street Corp increased its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,582,871 shares of the aerospace company’s stock after buying an additional 7,471 shares during the quarter. State Street Corp owned 0.06% of AeroVironment worth $317,366,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Baillie Gifford & Co. lifted its holdings in shares of AeroVironment by 29.1% in the third quarter. Baillie Gifford & Co. now owns 1,951,393 shares of the aerospace company’s stock worth $391,254,000 after acquiring an additional 439,717 shares during the last quarter. Heard Capital LLC increased its position in AeroVironment by 25.5% during the 3rd quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company’s stock worth $118,723,000 after purchasing an additional 120,447 shares in the last quarter. International Assets Investment Management LLC lifted its stake in AeroVironment by 19,950.0% in the 3rd quarter. International Assets Investment Management LLC now owns 267,066 shares of the aerospace company’s stock valued at $53,547,000 after purchasing an additional 265,734 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in AeroVironment by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 256,688 shares of the aerospace company’s stock valued at $51,466,000 after buying an additional 9,921 shares in the last quarter. Finally, Emerald Advisers LLC grew its stake in shares of AeroVironment by 10.2% during the third quarter. Emerald Advisers LLC now owns 217,666 shares of the aerospace company’s stock worth $43,642,000 after buying an additional 20,207 shares during the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Stock Performance

Shares of AVAV stock opened at $153.72 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. AeroVironment, Inc. has a one year low of $116.51 and a one year high of $236.60. The business’s 50 day simple moving average is $205.54 and its 200 day simple moving average is $193.32. The stock has a market capitalization of $4.34 billion, a PE ratio of 88.34 and a beta of 0.45.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.29). AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. The firm had revenue of $188.46 million for the quarter, compared to analyst estimates of $181.80 million. During the same quarter last year, the company earned $0.97 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, research analysts forecast that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

Insider Transactions at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 508 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $216.65, for a total transaction of $110,058.20. Following the transaction, the chief financial officer now directly owns 16,868 shares in the company, valued at approximately $3,654,452.20. This represents a 2.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 1,782 shares of company stock valued at $373,609. Corporate insiders own 1.27% of the company’s stock.

Analyst Ratings Changes

AVAV has been the subject of a number of research reports. Jefferies Financial Group raised AeroVironment from a “hold” rating to a “buy” rating and cut their price objective for the company from $240.00 to $230.00 in a report on Wednesday, November 20th. Raymond James lowered AeroVironment from an “outperform” rating to a “market perform” rating in a research note on Monday, September 16th. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research note on Thursday, December 5th. Robert W. Baird upgraded shares of AeroVironment from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $161.00 to $220.00 in a research report on Wednesday, August 28th. Finally, Baird R W upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $225.20.

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.