AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in AeroVironment, Inc. by 69.7% in the first quarter, now holding 9,604 shares valued at approximately $1.145 million.
• AeroVironment's stock has received a consensus rating of "Buy" from analysts, with an average price target of $268.00, following several positive research reports.
• CEO Wahid Nawabi sold 17,300 shares of AeroVironment, leading to a 12.40% decrease in his ownership, while the stock recently traded down by 2.8%.

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 69.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,604 shares of the aerospace company's stock after selling 22,053 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in AeroVironment were worth $1,145,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AVAV. CoreCap Advisors LLC increased its stake in AeroVironment by 120.2% in the 4th quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock worth $28,000 after acquiring an additional 101 shares during the last quarter. Colonial Trust Advisors bought a new stake in AeroVironment during the fourth quarter worth approximately $31,000. Accredited Wealth Management LLC bought a new stake in shares of AeroVironment in the 4th quarter valued at approximately $31,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of AeroVironment by 171.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company's stock worth $29,000 after purchasing an additional 154 shares during the period. Finally, Spirit of America Management Corp NY bought a new position in shares of AeroVironment during the 1st quarter valued at approximately $36,000. 86.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AVAV shares. Cantor Fitzgerald assumed coverage on shares of AeroVironment in a report on Tuesday, July 8th. They issued an "overweight" rating and a $335.00 target price for the company. BTIG Research raised their target price on shares of AeroVironment from $225.00 to $300.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Wedbush raised AeroVironment to an "outperform" rating in a research report on Wednesday, June 25th. KeyCorp started coverage on AeroVironment in a research report on Sunday, June 29th. They set an "overweight" rating on the stock. Finally, Raymond James Financial set a $225.00 price objective on shares of AeroVironment and gave the company a "strong-buy" rating in a report on Wednesday, June 25th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $268.00.

Insider Buying and Selling

In other AeroVironment news, CEO Wahid Nawabi sold 17,300 shares of the stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $263.05, for a total transaction of $4,550,765.00. Following the transaction, the chief executive officer directly owned 122,233 shares of the company's stock, valued at $32,153,390.65. This trade represents a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.27% of the company's stock.

AeroVironment Price Performance

Shares of AeroVironment stock traded down $7.57 during trading hours on Friday, reaching $260.07. The stock had a trading volume of 950,124 shares, compared to its average volume of 1,701,764. The stock's 50 day moving average is $228.06 and its 200 day moving average is $177.60. The company has a current ratio of 3.52, a quick ratio of 2.69 and a debt-to-equity ratio of 0.03. AeroVironment, Inc. has a twelve month low of $102.25 and a twelve month high of $295.90. The firm has a market capitalization of $12.83 billion, a PE ratio of 167.79 and a beta of 0.99.

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. The company had revenue of $275.05 million for the quarter, compared to the consensus estimate of $242.69 million. AeroVironment had a return on equity of 10.68% and a net margin of 5.32%. AeroVironment's revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 earnings per share. Equities analysts expect that AeroVironment, Inc. will post 3.38 earnings per share 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.