Charles Schwab Investment Management Inc. Has $81.90 Million Holdings in AeroVironment, Inc. $AVAV

Charles Schwab Investment Management Inc. boosted its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 8.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 287,401 shares of the aerospace company’s stock after purchasing an additional 22,299 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.58% of AeroVironment worth $81,895,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AVAV. American Century Companies Inc. bought a new position in shares of AeroVironment during the second quarter worth approximately $633,000. Rhumbline Advisers increased its stake in AeroVironment by 5.1% during the 2nd quarter. Rhumbline Advisers now owns 66,210 shares of the aerospace company’s stock worth $18,867,000 after acquiring an additional 3,241 shares during the period. Journey Strategic Wealth LLC bought a new position in AeroVironment during the 2nd quarter worth $249,000. Legal & General Group Plc raised its holdings in AeroVironment by 2.8% in the 2nd quarter. Legal & General Group Plc now owns 83,326 shares of the aerospace company’s stock valued at $23,744,000 after acquiring an additional 2,294 shares in the last quarter. Finally, MAI Capital Management lifted its position in shares of AeroVironment by 143.8% during the 2nd quarter. MAI Capital Management now owns 195 shares of the aerospace company’s stock valued at $56,000 after acquiring an additional 115 shares during the period. Institutional investors own 86.38% of the company’s stock.

Analyst Ratings Changes

AVAV has been the topic of a number of recent analyst reports. Citizens Jmp assumed coverage on AeroVironment in a research report on Monday, August 4th. They issued a “strong-buy” rating and a $325.00 price target on the stock. Royal Bank Of Canada raised their target price on shares of AeroVironment from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. Canaccord Genuity Group boosted their target price on shares of AeroVironment from $305.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Zacks Research lowered shares of AeroVironment from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Finally, Needham & Company LLC restated a “buy” rating and set a $300.00 price objective on shares of AeroVironment in a research report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $358.19.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 513 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $331.46, for a total value of $170,038.98. Following the completion of the transaction, the chief financial officer directly owned 18,811 shares in the company, valued at approximately $6,235,094.06. This trade represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Trace E. Stevenson sold 1,717 shares of the business’s stock in a transaction dated 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 approximately $1,869,567. This trade represents a 25.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 3,228 shares of company stock worth $1,223,157. 0.81% of the stock is currently owned by company insiders.

AeroVironment Trading Up 0.5%

Shares of AeroVironment stock opened at $280.62 on Friday. The firm’s 50 day moving average is $338.34 and its 200 day moving average is $268.07. The firm has a market capitalization of $14.01 billion, a PE ratio of -438.46, a price-to-earnings-growth ratio of 5.37 and a beta of 1.09. AeroVironment, Inc. has a 1 year low of $102.25 and a 1 year high of $417.86. The company has a current ratio of 5.96, a quick ratio of 5.12 and a debt-to-equity ratio of 0.16.

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

About AeroVironment

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.