AeroVironment, Inc. (AVAV) Stake Raised by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 5.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,272 shares of the aerospace company’s stock after acquiring an additional 5,718 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in AeroVironment were worth $7,877,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in shares of AeroVironment by 25.3% during the first quarter. Commonwealth Equity Services LLC now owns 4,687 shares of the aerospace company’s stock valued at $213,000 after acquiring an additional 946 shares during the period. Swiss National Bank raised its holdings in shares of AeroVironment by 3.6% during the first quarter. Swiss National Bank now owns 37,400 shares of the aerospace company’s stock valued at $1,702,000 after acquiring an additional 1,300 shares during the period. SG Americas Securities LLC raised its holdings in shares of AeroVironment by 72.4% during the first quarter. SG Americas Securities LLC now owns 3,717 shares of the aerospace company’s stock valued at $169,000 after acquiring an additional 1,561 shares during the period. Alps Advisors Inc. raised its holdings in shares of AeroVironment by 14.0% during the second quarter. Alps Advisors Inc. now owns 14,560 shares of the aerospace company’s stock valued at $1,040,000 after acquiring an additional 1,787 shares during the period. Finally, CWM LLC raised its holdings in shares of AeroVironment by 3.3% during the second quarter. CWM LLC now owns 58,704 shares of the aerospace company’s stock valued at $4,193,000 after acquiring an additional 1,870 shares during the period. Institutional investors and hedge funds own 82.17% of the company’s stock.

In related news, VP Kirk J. Flittie sold 3,659 shares of the business’s stock in a transaction that occurred on Thursday, July 12th. The shares were sold at an average price of $72.76, for a total transaction of $266,228.84. Following the transaction, the vice president now directly owns 9,083 shares of the company’s stock, valued at $660,879.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.70% of the company’s stock.

A number of research firms have recently issued reports on AVAV. Stifel Nicolaus lowered shares of AeroVironment from a “buy” rating to a “hold” rating and boosted their price target for the company from $65.00 to $70.00 in a report on Thursday, June 28th. BidaskClub lowered shares of AeroVironment from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd. Zacks Investment Research downgraded shares of AeroVironment from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 29th. Drexel Hamilton reaffirmed a “hold” rating on shares of AeroVironment in a research report on Wednesday, June 27th. Finally, Robert W. Baird boosted their price objective on shares of AeroVironment from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, June 6th. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $83.20.

Shares of AVAV opened at $108.85 on Thursday. AeroVironment, Inc. has a 52 week low of $41.53 and a 52 week high of $121.32. The company has a market cap of $2.61 billion, a P/E ratio of 59.99, a P/E/G ratio of 4.99 and a beta of 1.20.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, September 5th. The aerospace company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.79. AeroVironment had a net margin of 15.56% and a return on equity of 10.71%. The firm had revenue of $78.04 million for the quarter, compared to the consensus estimate of $73.65 million. During the same period in the previous year, the firm posted ($0.19) earnings per share. The firm’s revenue was up 127.1% on a year-over-year basis. equities analysts anticipate that AeroVironment, Inc. will post 1.1 EPS for the current fiscal year.

AeroVironment Profile

AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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