RiverPark Advisors LLC Sells 451 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

RiverPark Advisors LLC cut its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 23.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,509 shares of the aerospace company’s stock after selling 451 shares during the period. RiverPark Advisors LLC’s holdings in AeroVironment were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Radnor Capital Management LLC raised its position in AeroVironment by 1.0% during the 3rd quarter. Radnor Capital Management LLC now owns 5,965 shares of the aerospace company’s stock valued at $1,196,000 after purchasing an additional 60 shares in the last quarter. Commonwealth Equity Services LLC raised its position in AeroVironment by 1.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,609 shares of the aerospace company’s stock valued at $840,000 after purchasing an additional 66 shares in the last quarter. Arcadia Investment Management Corp MI raised its position in AeroVironment by 23.1% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock valued at $80,000 after purchasing an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. raised its position in AeroVironment by 7.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,434 shares of the aerospace company’s stock valued at $288,000 after purchasing an additional 96 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in AeroVironment by 7.4% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,920 shares of the aerospace company’s stock valued at $294,000 after purchasing an additional 133 shares in the last quarter. 86.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AVAV. Royal Bank of Canada decreased their target price on AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. BTIG Research reissued a “buy” rating and issued a $245.00 price target on shares of AeroVironment in a research report on Tuesday, September 17th. Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $161.00 to $220.00 in a research report on Wednesday, August 28th. Baird R W raised AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Alembic Global Advisors raised AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price target for the company in a research 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 given a strong buy rating to the stock. According to data from MarketBeat, AeroVironment currently has an average rating of “Moderate Buy” and an average price target of $213.50.

AeroVironment Stock Down 2.1 %

Shares of AVAV stock opened at $200.06 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.26 and a quick ratio of 3.04. The stock’s fifty day moving average price is $206.15 and its 200 day moving average price is $193.21. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 93.92 and a beta of 0.49. AeroVironment, Inc. has a 1-year low of $116.51 and a 1-year high of $236.60.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.28. The business had revenue of $189.48 million for the quarter, compared to the consensus estimate of $183.18 million. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 EPS. On average, research analysts expect that AeroVironment, Inc. will post 3.36 earnings per share for the current fiscal year.

Insider Buying and Selling at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 878 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total value of $184,854.12. Following the completion of the transaction, the chief financial officer now owns 17,376 shares of the company’s stock, valued at $3,658,343.04. The trade was a 4.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 1,782 shares of company stock worth $372,615. 1.27% of the stock is currently owned by insiders.

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.