US Bancorp DE Has $2.30 Million Stock Holdings in AeroVironment, Inc. $AVAV

Key Points

• US Bancorp DE increased its stake in AeroVironment, Inc. by 13.5%, now owning 8,068 shares worth approximately $2.30 million.
• Insiders, including CFO Kevin Patrick Mcdonnell, have sold significant shares recently, with Mcdonnell disposing of 998 shares for about $398,940, decreasing their ownership by 4.91%.
• AeroVironment has received several analyst upgrades, with target prices ranging from $300.00 to $430.00, reflecting a strong consensus rating of "Buy".

US Bancorp DE increased its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 13.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,068 shares of the aerospace company's stock after purchasing an additional 961 shares during the quarter. US Bancorp DE's holdings in AeroVironment were worth $2,299,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of AeroVironment by 21.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 237 shares of the aerospace company's stock valued at $68,000 after purchasing an additional 42 shares during the last quarter. ORG Partners LLC boosted its stake in AeroVironment by 296.0% during the second quarter. ORG Partners LLC now owns 99 shares of the aerospace company's stock worth $27,000 after acquiring an additional 74 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in AeroVironment by 2.7% during the first quarter. Kestra Private Wealth Services LLC now owns 3,199 shares of the aerospace company's stock worth $381,000 after acquiring an additional 83 shares in the last quarter. Mackenzie Financial Corp boosted its stake in AeroVironment by 5.2% during the first quarter. Mackenzie Financial Corp now owns 1,685 shares of the aerospace company's stock worth $201,000 after acquiring an additional 84 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in AeroVironment during the second quarter worth $28,000. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AeroVironment

In related news, CFO Kevin Patrick Mcdonnell sold 998 shares of the firm's stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $399.74, for a total transaction of $398,940.52. Following the completion of the sale, the chief financial officer owned 19,324 shares in the company, valued at approximately $7,724,575.76. This trade represents a 4.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Trace E. Stevenson sold 1,717 shares of the firm's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $381.00, for a total transaction of $654,177.00. Following the sale, the insider owned 4,907 shares of the company's stock, valued at $1,869,567. This trade represents a 25.92% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.81% of the company's stock.

AeroVironment Stock Performance

Shares of AVAV stock opened at $384.69 on Thursday. The firm has a 50-day moving average of $285.35 and a 200-day moving average of $225.41. The company has a market cap of $19.21 billion, a P/E ratio of -601.07, a P/E/G ratio of 6.81 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 5.12. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $417.86.

AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its earnings results on Monday, August 28th. The aerospace company reported $0.12 EPS for the quarter. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. The company had revenue of $132.62 million during the quarter. Equities research analysts forecast that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AVAV has been the topic of several research analyst reports. Canaccord Genuity Group increased their target price on shares of AeroVironment from $305.00 to $430.00 and gave the stock a "buy" rating in a research note on Tuesday, October 7th. Needham & Company LLC reissued a "buy" rating and set a $300.00 target price on shares of AeroVironment in a research note on Wednesday, September 10th. New Street Research set a $365.00 target price on shares of AeroVironment in a research note on Wednesday, October 1st. Citigroup reissued an "outperform" rating on shares of AeroVironment in a research note on Friday, October 3rd. Finally, KeyCorp initiated coverage on shares of AeroVironment in a research note on Sunday, June 29th. They set an "overweight" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $356.07.

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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