AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,489 shares of the aerospace company’s stock after selling 91 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in AeroVironment were worth $708,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in AeroVironment by 299.4% during the 3rd quarter. Franklin Resources Inc. now owns 4,821 shares of the aerospace company’s stock valued at $1,037,000 after buying an additional 3,614 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of AeroVironment by 22.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,893 shares of the aerospace company’s stock worth $599,000 after purchasing an additional 721 shares during the last quarter. KBC Group NV grew its stake in shares of AeroVironment by 63.3% in the 4th quarter. KBC Group NV now owns 1,231 shares of the aerospace company’s stock worth $189,000 after purchasing an additional 477 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of AeroVironment by 740.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 63,919 shares of the aerospace company’s stock worth $9,836,000 after purchasing an additional 56,318 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of AeroVironment by 14.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 20,409 shares of the aerospace company’s stock worth $3,141,000 after purchasing an additional 2,601 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

Insider Buying and Selling at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of AeroVironment stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $198.73, for a total value of $78,697.08. Following the transaction, the chief financial officer now owns 16,472 shares of the company’s stock, valued at $3,273,480.56. This trade represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AVAV shares. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research note on Thursday, December 5th. Jefferies Financial Group upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and decreased their target price for the stock from $240.00 to $230.00 in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $225.20.

AeroVironment Stock Performance

AVAV stock opened at $167.70 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. The stock has a market cap of $4.73 billion, a P/E ratio of 96.38 and a beta of 0.52. The firm has a 50 day simple moving average of $166.84 and a 200 day simple moving average of $186.54. AeroVironment, Inc. has a 52 week low of $121.38 and a 52 week high of $236.60.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Wednesday, December 4th. The aerospace company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.29). The company had revenue of $188.46 million for the quarter, compared to analyst estimates of $181.80 million. AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 earnings per share. Research analysts anticipate 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.