Nisa Investment Advisors LLC Boosts Stake in AeroVironment, Inc. $AVAV

Nisa Investment Advisors LLC raised its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 30.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 936 shares of the aerospace company’s stock after acquiring an additional 218 shares during the period. Nisa Investment Advisors LLC’s holdings in AeroVironment were worth $267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Alyeska Investment Group L.P. boosted its position in shares of AeroVironment by 48.2% in the first quarter. Alyeska Investment Group L.P. now owns 902,814 shares of the aerospace company’s stock worth $107,606,000 after buying an additional 293,553 shares during the period. Stephens Investment Management Group LLC boosted its holdings in AeroVironment by 41.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 763,489 shares of the aerospace company’s stock worth $91,000,000 after acquiring an additional 221,948 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in AeroVironment by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,486 shares of the aerospace company’s stock worth $54,409,000 after acquiring an additional 33,169 shares during the period. Ameriprise Financial Inc. boosted its holdings in AeroVironment by 281.6% in the 1st quarter. Ameriprise Financial Inc. now owns 430,307 shares of the aerospace company’s stock worth $51,288,000 after acquiring an additional 317,530 shares during the period. Finally, ARK Investment Management LLC boosted its holdings in AeroVironment by 10.5% in the 2nd quarter. ARK Investment Management LLC now owns 310,760 shares of the aerospace company’s stock worth $88,551,000 after acquiring an additional 29,437 shares during the period. Hedge funds and other institutional investors own 86.38% of the company’s stock.

AeroVironment Stock Performance

AVAV stock opened at $367.88 on Tuesday. The company has a current ratio of 5.96, a quick ratio of 5.12 and a debt-to-equity ratio of 0.16. The firm has a market cap of $18.37 billion, a P/E ratio of -574.80, a P/E/G ratio of 5.37 and a beta of 0.99. AeroVironment, Inc. has a 12-month low of $102.25 and a 12-month high of $417.86. The stock’s 50 day simple moving average is $317.84 and its 200 day simple moving average is $249.33.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Monday, August 28th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $132.62 million for the quarter. AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%. As a group, equities research analysts predict that AeroVironment, Inc. will post 3.38 EPS for the current year.

Analyst Upgrades and Downgrades

AVAV has been the subject of a number of analyst reports. Citizens Jmp initiated coverage on AeroVironment in a report on Monday, August 4th. They issued a “strong-buy” rating and a $325.00 price target for the company. Canaccord Genuity Group upped their price target on AeroVironment from $305.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Citigroup restated an “outperform” rating on shares of AeroVironment in a report on Friday, October 3rd. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of AeroVironment in a report on Wednesday, September 10th. Finally, Royal Bank Of Canada increased their price target on AeroVironment from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $356.07.

Insider Buying and Selling

In other news, CFO Kevin Patrick Mcdonnell sold 998 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $399.74, for a total transaction of $398,940.52. Following the sale, the chief financial officer directly owned 19,324 shares in the company, valued at approximately $7,724,575.76. This represents a 4.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Trace E. Stevenson sold 1,717 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $381.00, for a total value of $654,177.00. Following the sale, the insider owned 4,907 shares in the company, valued at $1,869,567. The trade was a 25.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.81% of the stock is currently owned by corporate insiders.

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.