Public Sector Pension Investment Board Sells 2,100 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Public Sector Pension Investment Board lessened its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,438 shares of the aerospace company’s stock after selling 2,100 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.21% of AeroVironment worth $11,917,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Radnor Capital Management LLC lifted its holdings in shares of AeroVironment by 1.0% during the 3rd quarter. Radnor Capital Management LLC now owns 5,965 shares of the aerospace company’s stock valued at $1,196,000 after purchasing an additional 60 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of AeroVironment by 1.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,609 shares of the aerospace company’s stock valued at $840,000 after purchasing an additional 66 shares during the last quarter. Arcadia Investment Management Corp MI lifted its holdings in shares of AeroVironment by 23.1% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock valued at $80,000 after purchasing an additional 75 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of AeroVironment by 7.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,434 shares of the aerospace company’s stock valued at $288,000 after purchasing an additional 96 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in shares of AeroVironment by 51.0% during the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock valued at $79,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 86.38% of the company’s stock.

AeroVironment Stock Performance

NASDAQ AVAV opened at $190.87 on Friday. The stock has a 50-day simple moving average of $208.44 and a two-hundred day simple moving average of $194.25. The firm has a market capitalization of $5.38 billion, a P/E ratio of 89.61 and a beta of 0.49. AeroVironment, Inc. has a fifty-two week low of $116.51 and a fifty-two week high of $236.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26.

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

Insider Activity

In related news, CFO Kevin Patrick Mcdonnell sold 508 shares of AeroVironment stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $216.65, for a total value of $110,058.20. Following the sale, the chief financial officer now directly owns 16,868 shares in the company, valued at approximately $3,654,452.20. The trade was a 2.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 1,782 shares of company stock worth $372,615 in the last ninety days. Company insiders own 1.27% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on AVAV shares. Royal Bank of Canada decreased their price objective on AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Alembic Global Advisors upgraded AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 target price for the company in a research note on Wednesday, August 28th. Raymond James lowered AeroVironment from an “outperform” rating to a “market perform” rating in a research note on Monday, September 16th. Robert W. Baird upgraded AeroVironment from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $161.00 to $220.00 in a research note on Wednesday, August 28th. Finally, Jefferies Financial Group upgraded AeroVironment from a “hold” rating to a “buy” rating and reduced their target price for the stock from $240.00 to $230.00 in a research note on Wednesday, November 20th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, AeroVironment currently has a consensus rating of “Buy” and a consensus price target of $211.83.

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.