Private Trust Co. NA Sells 500 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Private Trust Co. NA decreased its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 29.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,225 shares of the aerospace company’s stock after selling 500 shares during the quarter. Private Trust Co. NA’s holdings in AeroVironment were worth $246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Baillie Gifford & Co. grew its position in shares of AeroVironment by 29.1% during the third quarter. Baillie Gifford & Co. now owns 1,951,393 shares of the aerospace company’s stock worth $391,254,000 after purchasing an additional 439,717 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of 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. lifted its stake in shares of AeroVironment by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 256,688 shares of the aerospace company’s stock worth $51,466,000 after acquiring an additional 9,921 shares during the last quarter. Emerald Advisers LLC lifted its stake in shares of AeroVironment by 10.2% during the 3rd quarter. Emerald Advisers LLC now owns 217,666 shares of the aerospace company’s stock worth $43,642,000 after acquiring an additional 20,207 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of AeroVironment by 108.4% during the 3rd quarter. Victory Capital Management Inc. now owns 180,824 shares of the aerospace company’s stock worth $36,255,000 after acquiring an additional 94,062 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Raymond James downgraded AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. BTIG Research reissued a “buy” rating and issued a $245.00 price objective on shares of AeroVironment in a research report on Tuesday, September 17th. Baird R W raised AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $161.00 to $220.00 in a research report on Wednesday, August 28th. Finally, Royal Bank of Canada decreased their price objective on AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $211.83.

AeroVironment Stock Down 2.9 %

AeroVironment stock opened at $190.87 on Friday. AeroVironment, Inc. has a twelve month low of $116.51 and a twelve month high of $236.60. The stock’s fifty day simple moving average is $208.44 and its 200-day simple moving average is $194.25. 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 firm has a market capitalization of $5.38 billion, a P/E ratio of 89.61 and a beta of 0.49.

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

Insider Transactions at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of AeroVironment stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $196.22, for a total transaction of $77,703.12. Following the completion of the sale, the chief financial officer now directly owns 18,254 shares in the company, valued at approximately $3,581,799.88. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 1,782 shares of company stock worth $372,615. Company insiders own 1.27% of the company’s stock.

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.