Illinois Municipal Retirement Fund Sells 1,490 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Illinois Municipal Retirement Fund lowered its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 7.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 17,332 shares of the aerospace company's stock after selling 1,490 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of AeroVironment worth $2,066,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AVAV. Cambridge Investment Research Advisors Inc. lifted its position in AeroVironment by 5.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,302 shares of the aerospace company's stock worth $751,000 after acquiring an additional 349 shares during the last quarter. Tandem Capital Management Corp ADV lifted its holdings in AeroVironment by 21.9% during the 1st quarter. Tandem Capital Management Corp ADV now owns 8,124 shares of the aerospace company's stock worth $968,000 after purchasing an additional 1,457 shares during the last quarter. Spirit of America Management Corp NY bought a new stake in AeroVironment in the 1st quarter valued at $36,000. Vista Investment Partners LLC boosted its stake in AeroVironment by 19.3% in the 1st quarter. Vista Investment Partners LLC now owns 15,541 shares of the aerospace company's stock valued at $1,852,000 after purchasing an additional 2,509 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in AeroVironment by 1,261.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,170 shares of the aerospace company's stock worth $2,642,000 after buying an additional 20,542 shares during the period. Institutional investors and hedge funds own 86.38% of the company's stock.

Analysts Set New Price Targets

AVAV has been the topic of a number of recent research reports. Jefferies Financial Group lowered their price target on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. William Blair started coverage on shares of AeroVironment in a report on Sunday. They set an "outperform" rating on the stock. Oppenheimer reiterated an "outperform" rating on shares of AeroVironment in a research report on Sunday. Robert W. Baird increased their price target on 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 upgraded AeroVironment from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $234.00.

AeroVironment Price Performance

NASDAQ:AVAV traded up $6.88 during trading hours on Monday, hitting $284.95. The company's stock had a trading volume of 1,648,896 shares, compared to its average volume of 498,303. AeroVironment, Inc. has a twelve month low of $102.25 and a twelve month high of $293.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.52 and a quick ratio of 2.69. The stock has a fifty day simple moving average of $177.16 and a 200-day simple moving average of $160.23. The company has a market capitalization of $8.04 billion, a P/E ratio of 183.84 and a beta of 0.81.

AeroVironment (NASDAQ:AVAV - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $242.69 million. During the same period in the prior year, the company earned $0.43 EPS. The firm's quarterly revenue was up 39.6% compared to the same quarter last year. On average, analysts anticipate that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

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.