AeroVironment, Inc. (NASDAQ:AVAV) Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC raised its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 35.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,873 shares of the aerospace company's stock after buying an additional 4,669 shares during the period. Penserra Capital Management LLC owned about 0.06% of AeroVironment worth $2,130,000 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 AVAV. CoreCap Advisors LLC lifted its position in AeroVironment by 120.2% during the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock valued at $28,000 after buying an additional 101 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in AeroVironment by 171.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company's stock valued at $29,000 after buying an additional 154 shares in the last quarter. Colonial Trust Advisors acquired a new position in AeroVironment during the fourth quarter valued at approximately $31,000. Accredited Wealth Management LLC acquired a new position in AeroVironment during the fourth quarter valued at approximately $31,000. Finally, Spirit of America Management Corp NY acquired a new position in AeroVironment during the first quarter valued at approximately $36,000. 86.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AVAV shares. Jefferies Financial Group boosted their target price on shares of AeroVironment from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. KeyCorp started coverage on shares of AeroVironment in a research report on Sunday, June 29th. They set an "overweight" rating on the stock. The Goldman Sachs Group started coverage on shares of AeroVironment in a research report on Monday, June 30th. They set a "buy" rating and a $301.00 target price on the stock. Robert W. Baird boosted their target price on shares of AeroVironment from $146.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Finally, Wall Street Zen raised shares of AeroVironment from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, AeroVironment presently has an average rating of "Buy" and an average price target of $256.50.

AeroVironment Stock Down 2.2%

Shares of NASDAQ:AVAV opened at $240.74 on Tuesday. The company has a current ratio of 3.52, a quick ratio of 2.69 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $189.71 and a 200 day simple moving average of $164.04. The firm has a market cap of $11.00 billion, a PE ratio of 155.32 and a beta of 0.96. AeroVironment, Inc. has a 12-month low of $102.25 and a 12-month high of $295.90.

AeroVironment (NASDAQ:AVAV - Get Free Report) last issued its quarterly earnings results on Tuesday, June 24th. The aerospace company reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.20. AeroVironment had a net margin of 5.32% and a return on equity of 10.68%. The business had revenue of $275.05 million during the quarter, compared to analyst estimates of $242.69 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business's revenue was up 39.6% compared to the same quarter last year. On average, equities research analysts anticipate that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

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.

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