Intech Investment Management LLC Has $2.97 Million Stock Position in AeroVironment, Inc. (NASDAQ:AVAV)

Intech Investment Management LLC increased its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 129.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,829 shares of the aerospace company’s stock after acquiring an additional 8,358 shares during the period. Intech Investment Management LLC owned about 0.05% of AeroVironment worth $2,973,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of AeroVironment by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 3,094,831 shares of the aerospace company’s stock worth $474,376,000 after purchasing an additional 179,395 shares in the last quarter. Baillie Gifford & Co. lifted its stake in AeroVironment by 29.1% in the third quarter. Baillie Gifford & Co. now owns 1,951,393 shares of the aerospace company’s stock valued at $391,254,000 after acquiring an additional 439,717 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of AeroVironment by 19,950.0% in the 3rd quarter. International Assets Investment Management LLC now owns 267,066 shares of the aerospace company’s stock valued at $53,547,000 after acquiring an additional 265,734 shares during the period. Emerald Advisers LLC increased its stake in shares of AeroVironment by 10.2% during the 3rd quarter. Emerald Advisers LLC now owns 217,666 shares of the aerospace company’s stock worth $43,642,000 after purchasing an additional 20,207 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of AeroVironment by 108.4% in the 3rd quarter. Victory Capital Management Inc. now owns 180,824 shares of the aerospace company’s stock valued at $36,255,000 after purchasing an additional 94,062 shares during the period. 86.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AVAV. Raymond James downgraded AeroVironment from an “outperform” rating to a “market perform” rating in a research report on Monday, September 16th. BTIG Research reissued a “buy” rating and set a $245.00 target price on shares of AeroVironment in a report on Tuesday, September 17th. Jefferies Financial Group raised AeroVironment from a “hold” rating to a “buy” rating and cut their price target for the company from $240.00 to $230.00 in a report on Wednesday. Baird R W upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, 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. One research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $211.83.

Insider Buying and Selling

In other news, CFO Kevin Patrick Mcdonnell sold 878 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total transaction of $184,854.12. Following the completion of the sale, the chief financial officer now directly owns 17,376 shares in the company, valued at approximately $3,658,343.04. This represents a 4.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 1,782 shares of company stock valued at $372,615 over the last 90 days. 1.27% of the stock is owned by corporate insiders.

AeroVironment Stock Up 0.8 %

AVAV opened at $195.91 on Friday. The stock has a fifty day moving average of $207.29 and a 200-day moving average of $194.07. The company has a market capitalization of $5.53 billion, a P/E ratio of 91.98 and a beta of 0.49. AeroVironment, Inc. has a fifty-two week low of $116.51 and a fifty-two week high of $236.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26.

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