Intech Investment Management LLC Has $6.29 Million Stock Position in AeroVironment, Inc. $AVAV

Intech Investment Management LLC cut its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 41.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,086 shares of the aerospace company’s stock after selling 15,505 shares during the quarter. Intech Investment Management LLC’s holdings in AeroVironment were worth $6,293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Alyeska Investment Group L.P. lifted its holdings in shares of AeroVironment by 48.2% in the first quarter. Alyeska Investment Group L.P. now owns 902,814 shares of the aerospace company’s stock worth $107,606,000 after acquiring an additional 293,553 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of AeroVironment by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 678,431 shares of the aerospace company’s stock valued at $193,342,000 after purchasing an additional 6,475 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in AeroVironment by 7.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,486 shares of the aerospace company’s stock worth $54,409,000 after purchasing an additional 33,169 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in AeroVironment by 281.6% in the 1st quarter. Ameriprise Financial Inc. now owns 430,307 shares of the aerospace company’s stock valued at $51,288,000 after purchasing an additional 317,530 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in AeroVironment by 54.0% in the second quarter. Bank of New York Mellon Corp now owns 398,772 shares of the aerospace company’s stock valued at $113,630,000 after buying an additional 139,880 shares in the last quarter. Institutional investors own 86.38% of the company’s stock.

Insider Buying and Selling

In other news, insider Trace E. Stevenson sold 1,717 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $381.00, for a total value of $654,177.00. Following the sale, the insider directly owned 4,907 shares of the company’s stock, valued at approximately $1,869,567. This represents a 25.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kevin Patrick Mcdonnell sold 998 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $399.74, for a total transaction of $398,940.52. Following the completion of the transaction, the chief financial officer owned 19,324 shares in the company, valued at approximately $7,724,575.76. The trade was a 4.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,228 shares of company stock worth $1,223,157 in the last 90 days. Corporate insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AVAV shares. Zacks Research downgraded shares of AeroVironment from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Citizens Jmp initiated coverage on AeroVironment in a research report on Monday, August 4th. They set a “strong-buy” rating and a $325.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of AeroVironment in a research report on Wednesday, September 10th. Robert W. Baird lifted their price target on AeroVironment from $267.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, JMP Securities boosted their price target on AeroVironment from $325.00 to $400.00 and gave the stock a “market outperform” rating in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $356.07.

AeroVironment Stock Down 1.4%

Shares of AVAV opened at $291.21 on Monday. The company has a market capitalization of $14.54 billion, a PE ratio of -455.01, a PEG ratio of 5.37 and a beta of 1.09. AeroVironment, Inc. has a 12 month low of $102.25 and a 12 month high of $417.86. The stock’s 50-day moving average price is $333.63 and its two-hundred day moving average price is $260.63. The company has a current ratio of 5.96, a quick ratio of 5.12 and a debt-to-equity ratio of 0.16.

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

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.