Bank of Montreal Can acquired a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,912 shares of the aerospace company’s stock, valued at approximately $299,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Rockefeller Capital Management L.P. increased its stake in AeroVironment by 47.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 390 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 126 shares in the last quarter. KBC Group NV grew its stake in shares of AeroVironment by 7.8% in the first quarter. KBC Group NV now owns 2,259 shares of the aerospace company’s stock worth $207,000 after acquiring an additional 163 shares during the period. Arizona State Retirement System grew its stake in shares of AeroVironment by 2.7% in the first quarter. Arizona State Retirement System now owns 6,878 shares of the aerospace company’s stock worth $630,000 after acquiring an additional 179 shares during the period. Captrust Financial Advisors grew its stake in shares of AeroVironment by 7.3% in the third quarter. Captrust Financial Advisors now owns 2,941 shares of the aerospace company’s stock worth $245,000 after acquiring an additional 201 shares during the period. Finally, LPL Financial LLC grew its stake in shares of AeroVironment by 2.6% in the second quarter. LPL Financial LLC now owns 10,144 shares of the aerospace company’s stock worth $1,038,000 after acquiring an additional 261 shares during the period. 86.58% of the stock is currently owned by institutional investors.
AeroVironment Price Performance
AeroVironment stock opened at $128.33 on Tuesday. The company’s fifty day moving average price is $115.18 and its 200 day moving average price is $104.22. AeroVironment, Inc. has a 1 year low of $80.57 and a 1 year high of $131.62. The stock has a market capitalization of $3.37 billion, a P/E ratio of -22.24 and a beta of 0.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.86 and a current ratio of 4.49.
Analyst Upgrades and Downgrades
AVAV has been the subject of a number of research analyst reports. Alembic Global Advisors lowered shares of AeroVironment from an “overweight” rating to a “neutral” rating and set a $115.00 price target for the company. in a research note on Thursday, September 7th. William Blair reissued an “outperform” rating on shares of AeroVironment in a report on Wednesday, September 6th. Royal Bank of Canada raised their price objective on shares of AeroVironment from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, September 6th. StockNews.com began coverage on shares of AeroVironment in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Raymond James downgraded shares of AeroVironment from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $130.00 to $125.00 in a report on Monday, October 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.67.
Insiders Place Their Bets
In other AeroVironment news, CAO Brian Charles Shackley sold 475 shares of AeroVironment stock in a transaction on Monday, September 11th. The shares were sold at an average price of $112.77, for a total transaction of $53,565.75. Following the sale, the chief accounting officer now owns 3,222 shares of the company’s stock, valued at approximately $363,344.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.
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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