Sittner & Nelson LLC Sells 125 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Sittner & Nelson LLC lowered its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,918 shares of the aerospace company’s stock after selling 125 shares during the period. AeroVironment makes up approximately 1.5% of Sittner & Nelson LLC’s holdings, making the stock its 12th largest holding. Sittner & Nelson LLC’s holdings in AeroVironment were worth $3,392,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baillie Gifford & Co. increased its holdings in shares of AeroVironment by 132.7% during the second quarter. Baillie Gifford & Co. now owns 1,511,676 shares of the aerospace company’s stock valued at $275,367,000 after acquiring an additional 861,962 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of AeroVironment by 19,950.0% in the third quarter. International Assets Investment Management LLC now owns 267,066 shares of the aerospace company’s stock worth $53,547,000 after purchasing an additional 265,734 shares in the last quarter. Vanguard Group Inc. lifted its holdings in AeroVironment by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 3,094,831 shares of the aerospace company’s stock worth $474,376,000 after purchasing an additional 179,395 shares in the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of AeroVironment by 120.6% during the 2nd quarter. Driehaus Capital Management LLC now owns 136,603 shares of the aerospace company’s stock valued at $24,884,000 after purchasing an additional 74,672 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of AeroVironment by 83.6% in the second quarter. Van ECK Associates Corp now owns 112,913 shares of the aerospace company’s stock valued at $20,568,000 after purchasing an additional 51,428 shares in the last quarter. Institutional investors own 86.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AVAV shares. Baird R W upgraded AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $161.00 to $220.00 in a research report on Wednesday, August 28th. BTIG Research reissued a “buy” rating and issued a $245.00 price objective on shares of AeroVironment in a research note on Tuesday, September 17th. Alembic Global Advisors raised shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price target for the company in a research report on Wednesday, August 28th. Finally, Raymond James downgraded AeroVironment from an “outperform” rating to a “market perform” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $208.20.

AeroVironment Stock Up 3.4 %

Shares of AVAV opened at $223.69 on Friday. The company has a quick ratio of 3.04, a current ratio of 4.26 and a debt-to-equity ratio of 0.01. AeroVironment, Inc. has a 52-week low of $116.51 and a 52-week high of $232.00. The stock has a fifty day simple moving average of $203.23 and a two-hundred day simple moving average of $190.45. The company has a market capitalization of $6.31 billion, a PE ratio of 105.02 and a beta of 0.49.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.28. The firm had revenue of $189.48 million for the quarter, compared to the consensus estimate of $183.18 million. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 EPS. As a group, equities analysts forecast that AeroVironment, Inc. will post 3.36 EPS for the current year.

Insiders Place Their Bets

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 878 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total transaction of $184,854.12. Following the transaction, the chief financial officer now owns 17,376 shares of the company’s stock, valued at approximately $3,658,343.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 1,782 shares of company stock valued at $372,615 in the last ninety days. Insiders own 1.27% of the company’s stock.

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.