UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,872 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,746 shares of the aerospace company’s stock after selling 4,872 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.47% of AeroVironment worth $26,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Security National Bank bought a new position in AeroVironment in the 3rd quarter worth $31,000. Canada Pension Plan Investment Board bought a new position in AeroVironment in the 2nd quarter worth $36,000. Truvestments Capital LLC bought a new position in AeroVironment in the 3rd quarter worth $62,000. Avior Wealth Management LLC boosted its holdings in AeroVironment by 51.0% in the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock worth $79,000 after buying an additional 133 shares during the period. Finally, Arcadia Investment Management Corp MI boosted its holdings in AeroVironment by 23.1% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock worth $80,000 after buying an additional 75 shares during the period. Institutional investors own 86.38% of the company’s stock.

AeroVironment Stock Up 2.0 %

Shares of NASDAQ AVAV opened at $196.89 on Thursday. The firm’s 50-day moving average price is $208.78 and its 200-day moving average price is $194.35. The company has a current ratio of 4.26, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 90.66 and a beta of 0.45. AeroVironment, Inc. has a 12-month low of $116.51 and a 12-month high of $236.60.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.29). The business had revenue of $188.46 million for the quarter, compared to analysts’ expectations of $181.80 million. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 earnings per share. On average, equities research analysts anticipate that AeroVironment, Inc. will post 3.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Kevin Patrick Mcdonnell sold 878 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $210.54, for a total value of $184,854.12. Following the sale, the chief financial officer now directly owns 17,376 shares of the company’s stock, valued at $3,658,343.04. This represents a 4.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 1,782 shares of company stock valued at $373,609 in the last ninety days. 1.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AVAV. Royal Bank of Canada dropped 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. Baird R W raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Raymond James downgraded shares of AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. Robert W. Baird raised shares of AeroVironment from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $161.00 to $220.00 in a report on Wednesday, August 28th. Finally, Alembic Global Advisors raised shares of 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. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AeroVironment currently has a consensus rating of “Buy” and a consensus target price of $211.83.

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.