Cerity Partners LLC Acquires 494 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Cerity Partners LLC raised its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 28.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,225 shares of the aerospace company’s stock after purchasing an additional 494 shares during the quarter. Cerity Partners LLC’s holdings in AeroVironment were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AVAV. Security National Bank purchased a new stake in AeroVironment during the third quarter worth about $31,000. Canada Pension Plan Investment Board purchased a new stake in shares of AeroVironment during the 2nd quarter worth approximately $36,000. Avior Wealth Management LLC raised its holdings in shares of AeroVironment by 51.0% in the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock worth $79,000 after purchasing an additional 133 shares during the period. Arcadia Investment Management Corp MI lifted its stake in AeroVironment by 23.1% in the third 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. Finally, NBC Securities Inc. lifted its stake in AeroVironment by 47.4% in the third quarter. NBC Securities Inc. now owns 432 shares of the aerospace company’s stock valued at $86,000 after purchasing an additional 139 shares during the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 508 shares of AeroVironment stock in a transaction on Friday, November 1st. The shares were sold at an average price of $216.65, for a total transaction of $110,058.20. Following the completion of the sale, the chief financial officer now directly owns 16,868 shares of the company’s stock, valued at approximately $3,654,452.20. The trade was a 2.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 1,782 shares of company stock valued at $373,609 in the last 90 days. Corporate insiders own 1.27% of the company’s stock.

AeroVironment Price Performance

Shares of NASDAQ:AVAV opened at $163.33 on Monday. The company has a 50 day moving average of $207.48 and a 200 day moving average of $193.90. The company has a current ratio of 4.26, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.61 billion, a P/E ratio of 93.87 and a beta of 0.45. AeroVironment, Inc. has a 12 month low of $116.51 and a 12 month high of $236.60.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.29). The firm had revenue of $188.46 million during the quarter, compared to the consensus estimate of $181.80 million. AeroVironment had a return on equity of 8.19% and a net margin of 6.39%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. As a group, sell-side analysts forecast that AeroVironment, Inc. will post 3.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. BTIG Research restated a “buy” rating and issued a $245.00 target price on shares of AeroVironment in a research note on Tuesday, September 17th. Royal Bank of Canada dropped their price objective on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Alembic Global Advisors upgraded shares of 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. Jefferies Financial Group raised shares of AeroVironment from a “hold” rating to a “buy” rating and lowered their price target for the company from $240.00 to $230.00 in a research report on Wednesday, November 20th. Finally, Robert W. Baird raised shares of AeroVironment from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $161.00 to $220.00 in a report on Wednesday, August 28th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AeroVironment currently has a consensus rating of “Buy” and a consensus price target of $225.20.

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.