Rockefeller Capital Management L.P. Sells 5,933 Shares of AeroVironment, Inc. $AVAV

Rockefeller Capital Management L.P. lowered its position in AeroVironment, Inc. (NASDAQ:AVAV) by 15.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 33,627 shares of the aerospace company’s stock after selling 5,933 shares during the period. Rockefeller Capital Management L.P. owned about 0.07% of AeroVironment worth $9,582,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of AeroVironment by 21.5% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 237 shares of the aerospace company’s stock worth $68,000 after acquiring an additional 42 shares during the period. Amalgamated Bank lifted its holdings in AeroVironment by 0.6% in the 2nd quarter. Amalgamated Bank now owns 8,023 shares of the aerospace company’s stock worth $2,286,000 after purchasing an additional 44 shares in the last quarter. Bessemer Group Inc. boosted its stake in AeroVironment by 60.3% in the 2nd quarter. Bessemer Group Inc. now owns 117 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 44 shares during the period. ORG Partners LLC grew its holdings in AeroVironment by 296.0% during the 2nd quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock valued at $27,000 after buying an additional 74 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in shares of AeroVironment by 2.7% during the first quarter. Kestra Private Wealth Services LLC now owns 3,199 shares of the aerospace company’s stock valued at $381,000 after buying an additional 83 shares during the last quarter. 86.38% of the stock is owned by institutional investors.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, insider Trace E. Stevenson sold 1,717 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $381.00, for a total transaction of $654,177.00. Following the transaction, the insider owned 4,907 shares in the company, valued at $1,869,567. The trade was a 25.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kevin Patrick Mcdonnell sold 513 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $331.46, for a total transaction of $170,038.98. Following the completion of the sale, the chief financial officer directly owned 18,811 shares in the company, valued at approximately $6,235,094.06. This represents a 2.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,228 shares of company stock worth $1,223,157 in the last 90 days. 0.81% of the stock is currently owned by insiders.

AeroVironment Stock Down 0.2%

Shares of NASDAQ AVAV opened at $280.43 on Thursday. 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, Inc. has a 12-month low of $102.25 and a 12-month high of $417.86. The firm’s 50-day moving average price is $336.23 and its 200-day moving average price is $262.52. The stock has a market capitalization of $14.00 billion, a price-to-earnings ratio of -438.17, a P/E/G ratio of 5.37 and a beta of 1.09.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AVAV shares. Stifel Nicolaus raised their target price on shares of AeroVironment from $295.00 to $389.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Bank of America started coverage on shares of AeroVironment in a report on Thursday, September 18th. They set a “buy” rating and a $300.00 price objective for the company. Zacks Research cut AeroVironment from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research report on Tuesday, September 16th. Finally, Raymond James Financial raised their price target on AeroVironment from $300.00 to $348.00 and gave the company a “strong-buy” rating in a report on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $356.00.

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.