Penserra Capital Management LLC Boosts Stake in AeroVironment, Inc. $AVAV

Penserra Capital Management LLC boosted its position in AeroVironment, Inc. (NASDAQ:AVAV) by 89.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,795 shares of the aerospace company’s stock after purchasing an additional 12,684 shares during the period. Penserra Capital Management LLC owned approximately 0.05% of AeroVironment worth $8,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. N.E.W. Advisory Services LLC lifted its stake in shares of AeroVironment by 60.0% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 80 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 30 shares during the last quarter. AlphaQuest LLC purchased a new stake in AeroVironment in the third quarter worth $25,000. RMG Wealth Management LLC bought a new stake in shares of AeroVironment during the second quarter worth $28,000. TD Waterhouse Canada Inc. boosted its stake in shares of AeroVironment by 100.0% during the third quarter. TD Waterhouse Canada Inc. now owns 80 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 40 shares during the period. Finally, Steigerwald Gordon & Koch Inc. bought a new position in shares of AeroVironment in the third quarter worth about $31,000. Institutional investors own 86.38% of the company’s stock.

AeroVironment Stock Performance

Shares of NASDAQ:AVAV opened at $257.30 on Thursday. The firm has a 50 day moving average of $288.30 and a 200 day moving average of $294.72. The company has a quick ratio of 4.29, a current ratio of 5.08 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $12.85 billion, a price-to-earnings ratio of -205.84, a price-to-earnings-growth ratio of 4.22 and a beta of 1.23. AeroVironment, Inc. has a 52 week low of $102.25 and a 52 week high of $417.86.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Tuesday, December 9th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.43). The company had revenue of $472.51 million during the quarter, compared to analysts’ expectations of $466.16 million. AeroVironment had a negative net margin of 5.08% and a positive return on equity of 3.42%. The company’s revenue was up 150.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 earnings per share. AeroVironment has set its FY 2026 guidance at 3.400-3.550 EPS. On average, sell-side analysts predict that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AVAV shares. Citizens Jmp reiterated a “market outperform” rating and set a $400.00 price objective on shares of AeroVironment in a report on Wednesday, December 10th. Citigroup reaffirmed a “market outperform” rating on shares of AeroVironment in a research report on Monday, January 12th. Canaccord Genuity Group set a $400.00 price target on AeroVironment in a report on Wednesday, December 10th. Cantor Fitzgerald reduced their price objective on AeroVironment from $335.00 to $315.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Finally, BTIG Research reaffirmed a “buy” rating and set a $415.00 target price on shares of AeroVironment in a research report on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $378.06.

Insiders Place Their Bets

In related news, CAO Brian Charles Shackley sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $250.92, for a total transaction of $50,184.00. Following the completion of the transaction, the chief accounting officer owned 5,994 shares in the company, valued at $1,504,014.48. The trade was a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kevin Patrick Mcdonnell sold 999 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $367.60, for a total transaction of $367,232.40. Following the completion of the sale, the chief financial officer owned 17,301 shares of the company’s stock, valued at approximately $6,359,847.60. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,223 shares of company stock worth $1,092,503. 0.81% of the stock is owned by corporate insiders.

AeroVironment Profile

AeroVironment, Inc (NASDAQ:AVAV) is a technology company specializing in unmanned aerial systems (UAS), tactical missiles and precision loitering munitions, electric vehicle charging and scalable energy systems. Headquartered in Monrovia, California, the company develops solutions for defense, public safety and commercial markets. Their offerings include small UAS for intelligence, surveillance and reconnaissance, as well as advanced weapons systems designed to meet the needs of modern military operations.

The company’s unmanned aerial systems portfolio features platforms such as the Raven, Puma and Switchblade series, which are deployed by the U.S.