Fire Capital Management LLC Purchases Shares of 1,351 AeroVironment, Inc. $AVAV

Fire Capital Management LLC purchased a new stake in AeroVironment, Inc. (NASDAQ:AVAV) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,351 shares of the aerospace company’s stock, valued at approximately $385,000.

Other hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in AeroVironment by 13.5% in the second quarter. US Bancorp DE now owns 8,068 shares of the aerospace company’s stock valued at $2,299,000 after purchasing an additional 961 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in AeroVironment by 41.0% in the first quarter. Stephens Investment Management Group LLC now owns 763,489 shares of the aerospace company’s stock valued at $91,000,000 after purchasing an additional 221,948 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in AeroVironment by 35.4% in the first quarter. Penserra Capital Management LLC now owns 17,873 shares of the aerospace company’s stock valued at $2,130,000 after purchasing an additional 4,669 shares during the last quarter. Stephens Inc. AR boosted its holdings in AeroVironment by 94.8% in the first quarter. Stephens Inc. AR now owns 4,415 shares of the aerospace company’s stock valued at $526,000 after purchasing an additional 2,148 shares during the last quarter. Finally, Vontobel Holding Ltd. purchased a new stake in AeroVironment in the first quarter valued at $1,142,000. 86.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Trace E. Stevenson sold 1,717 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $381.00, for a total transaction of $654,177.00. Following the completion of the transaction, the insider owned 4,907 shares in the company, valued at $1,869,567. This represents a 25.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Patrick Mcdonnell sold 998 shares of the company’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $399.74, for a total transaction of $398,940.52. Following the transaction, the chief financial officer owned 19,324 shares of the company’s stock, valued at approximately $7,724,575.76. This trade represents a 4.91% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.81% of the stock is owned by corporate insiders.

AeroVironment Stock Down 0.1%

AVAV opened at $379.93 on Wednesday. AeroVironment, Inc. has a twelve month low of $102.25 and a twelve month high of $417.86. The company has a quick ratio of 5.12, a current ratio of 5.96 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $307.12 and a 200 day moving average price of $242.25. The company has a market cap of $18.97 billion, a PE ratio of -593.63, a price-to-earnings-growth ratio of 5.36 and a beta of 0.99.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Monday, August 28th. The aerospace company reported $0.12 earnings per share for the quarter. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. The firm had revenue of $132.62 million during the quarter. Sell-side analysts expect that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on AVAV. Raymond James Financial upped their price target on shares of AeroVironment from $300.00 to $348.00 and gave the company a “strong-buy” rating in a report on Monday, September 29th. Cantor Fitzgerald began coverage on shares of AeroVironment in a research note on Tuesday, July 8th. They set an “overweight” rating and a $335.00 target price on the stock. Robert W. Baird increased their target price on shares of AeroVironment from $267.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Citigroup reissued an “outperform” rating on shares of AeroVironment in a research note on Friday, October 3rd. Finally, JMP Securities increased their target price on shares of AeroVironment from $325.00 to $400.00 and gave the stock a “market outperform” rating in a research note on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $356.07.

AeroVironment Company 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.