AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by Atria Investments Inc

Atria Investments Inc cut its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 21.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,542 shares of the aerospace company’s stock after selling 422 shares during the period. Atria Investments Inc’s holdings in AeroVironment were worth $309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wealth Quarterback LLC raised its position in shares of AeroVironment by 11.7% during the 3rd quarter. Wealth Quarterback LLC now owns 1,823 shares of the aerospace company’s stock worth $366,000 after purchasing an additional 191 shares during the last quarter. Leavell Investment Management Inc. acquired a new position in shares of AeroVironment during the third quarter valued at approximately $387,000. Radnor Capital Management LLC raised its holdings in shares of AeroVironment by 1.0% during the third quarter. Radnor Capital Management LLC now owns 5,965 shares of the aerospace company’s stock valued at $1,196,000 after acquiring an additional 60 shares during the last quarter. Pittenger & Anderson Inc. acquired a new stake in shares of AeroVironment in the third quarter worth approximately $640,000. Finally, Angeles Wealth Management LLC purchased a new stake in shares of AeroVironment during the third quarter worth approximately $780,000. 86.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 878 shares of the company’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 sale, the chief financial officer now owns 17,376 shares in the company, valued at $3,658,343.04. This represents a 4.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 1,782 shares of company stock valued at $372,615. 1.27% of the stock is currently owned by company insiders.

AeroVironment Trading Up 0.8 %

Shares of AVAV stock opened at $195.91 on Friday. The company has a 50-day moving average of $207.29 and a two-hundred day moving average of $193.97. The firm has a market cap of $5.53 billion, a PE ratio of 91.98 and a beta of 0.49. AeroVironment, Inc. has a 1-year low of $116.51 and a 1-year high of $236.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.26 and a quick ratio of 3.04.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Jefferies Financial Group upgraded AeroVironment from a “hold” rating to a “buy” rating and decreased their price objective for the company from $240.00 to $230.00 in a report on Wednesday. Raymond James lowered shares of AeroVironment from an “outperform” rating to a “market perform” rating in a research report on Monday, September 16th. Robert W. Baird upgraded shares of AeroVironment from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $161.00 to $220.00 in a report on Wednesday, August 28th. Baird R W upgraded AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, BTIG Research reiterated a “buy” rating and set a $245.00 price objective on shares of AeroVironment in a research report on Tuesday, September 17th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price 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.