Vanguard Personalized Indexing Management LLC Invests $420,000 in AeroVironment, Inc. $AVAV

Vanguard Personalized Indexing Management LLC bought a new position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,474 shares of the aerospace company's stock, valued at approximately $420,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE boosted its stake in AeroVironment by 13.5% in the second quarter. US Bancorp DE now owns 8,068 shares of the aerospace company's stock worth $2,299,000 after buying an additional 961 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in AeroVironment by 41.0% in the first quarter. Stephens Investment Management Group LLC now owns 763,489 shares of the aerospace company's stock worth $91,000,000 after buying an additional 221,948 shares in the last quarter. Penserra Capital Management LLC boosted its stake in AeroVironment by 35.4% in the first quarter. Penserra Capital Management LLC now owns 17,873 shares of the aerospace company's stock worth $2,130,000 after buying an additional 4,669 shares in the last quarter. Stephens Inc. AR boosted its stake in AeroVironment by 94.8% in the first quarter. Stephens Inc. AR now owns 4,415 shares of the aerospace company's stock worth $526,000 after buying an additional 2,148 shares in the last quarter. Finally, Vontobel Holding Ltd. purchased a new stake in AeroVironment in the first quarter worth approximately $1,142,000. Hedge funds and other institutional investors own 86.38% of the company's stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several brokerages have issued reports on AVAV. KeyCorp began coverage on AeroVironment in a research note on Sunday, June 29th. They issued an "overweight" rating for the company. Citigroup reiterated an "outperform" rating on shares of AeroVironment in a research report on Friday, October 3rd. Weiss Ratings upgraded AeroVironment from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, October 8th. JMP Securities boosted their price objective on AeroVironment from $325.00 to $400.00 and gave the company a "market outperform" rating in a research report on Friday, October 3rd. Finally, Royal Bank Of Canada boosted their price objective on AeroVironment from $300.00 to $330.00 and gave the company an "outperform" rating in a research report on Thursday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, AeroVironment has a consensus rating of "Buy" and an average price target of $356.07.

AeroVironment Price Performance

AVAV opened at $355.18 on Thursday. The stock has a fifty day simple moving average of $296.64 and a two-hundred day simple moving average of $233.85. The company has a current ratio of 5.96, a quick ratio of 5.12 and a debt-to-equity ratio of 0.16. The company has a market cap of $17.73 billion, a price-to-earnings ratio of -554.96, a price-to-earnings-growth ratio of 6.40 and a beta of 0.99. AeroVironment, Inc. has a 12-month low of $102.25 and a 12-month high of $417.86.

AeroVironment (NASDAQ:AVAV - Get Free Report) last posted its quarterly earnings data on Monday, August 28th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $132.62 million during the quarter. AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%. Research analysts predict that AeroVironment, Inc. will post 3.38 earnings per share 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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