Vontobel Holding Ltd. Buys New Position in AeroVironment, Inc. (NASDAQ:AVAV)

Vontobel Holding Ltd. purchased a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,584 shares of the aerospace company's stock, valued at approximately $1,142,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CoreCap Advisors LLC grew its holdings in shares of AeroVironment by 120.2% during the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock worth $28,000 after purchasing an additional 101 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of AeroVironment by 171.1% during the first 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 in the last quarter. Colonial Trust Advisors purchased a new position in shares of AeroVironment during the fourth quarter worth about $31,000. Accredited Wealth Management LLC purchased a new position in shares of AeroVironment during the fourth quarter worth about $31,000. Finally, Spirit of America Management Corp NY purchased a new position in shares of AeroVironment during the first quarter worth about $36,000. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Trading Down 0.1%

Shares of NASDAQ:AVAV traded down $0.30 during trading on Wednesday, reaching $236.77. 1,933,861 shares of the company traded hands, compared to its average volume of 559,783. The firm has a market capitalization of $11.68 billion, a price-to-earnings ratio of 152.76 and a beta of 0.96. AeroVironment, Inc. has a 52-week low of $102.25 and a 52-week high of $295.90. 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 business's fifty day moving average is $193.09 and its 200-day moving average is $165.04.

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 for the quarter, beating analysts' consensus estimates of $1.41 by $0.20. The firm had revenue of $275.05 million during the quarter, compared to analyst estimates of $242.69 million. AeroVironment had a return on equity of 10.68% and a net margin of 5.32%. The business's quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 earnings per share. As a group, analysts forecast that AeroVironment, Inc. will post 3.38 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on AeroVironment in a research note on Monday, June 30th. They issued a "buy" rating and a $301.00 target price for the company. Raymond James Financial set a $225.00 target price on AeroVironment and gave the stock a "strong-buy" rating in a research note on Wednesday, June 25th. Cantor Fitzgerald assumed coverage on AeroVironment in a research note on Tuesday. They issued an "overweight" rating and a $335.00 target price for the company. KeyCorp assumed coverage on AeroVironment in a research note on Sunday, June 29th. They issued an "overweight" rating for the company. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of AeroVironment in a research note on Sunday, June 29th. One research 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $265.22.

AeroVironment 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.