International Assets Investment Management LLC Invests $283,000 in AeroVironment, Inc. $AVAV

International Assets Investment Management LLC acquired a new position in AeroVironment, Inc. (NASDAQ:AVAV) during the second quarter, HoldingsChannel reports. The institutional investor acquired 993 shares of the aerospace company’s stock, valued at approximately $283,000.

A number of other large investors have also recently made changes to their positions in the business. Alyeska Investment Group L.P. grew its position in shares of AeroVironment by 48.2% in the 1st quarter. Alyeska Investment Group L.P. now owns 902,814 shares of the aerospace company’s stock worth $107,606,000 after buying an additional 293,553 shares during the last quarter. Stephens Investment Management Group LLC grew its position in shares of AeroVironment by 41.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 763,489 shares of the aerospace company’s stock worth $91,000,000 after buying an additional 221,948 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of AeroVironment by 7.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,486 shares of the aerospace company’s stock worth $54,409,000 after buying an additional 33,169 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of AeroVironment by 281.6% in the 1st quarter. Ameriprise Financial Inc. now owns 430,307 shares of the aerospace company’s stock worth $51,288,000 after buying an additional 317,530 shares during the last quarter. Finally, ARK Investment Management LLC grew its position in shares of AeroVironment by 6.7% in the 1st quarter. ARK Investment Management LLC now owns 281,323 shares of the aerospace company’s stock worth $33,531,000 after buying an additional 17,696 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Trading Down 5.8%

AeroVironment stock opened at $355.18 on Thursday. The company has a current ratio of 5.96, a quick ratio of 5.12 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $296.64 and its two-hundred day simple moving average is $233.85. AeroVironment, Inc. has a 12 month low of $102.25 and a 12 month high of $417.86. The company has a market capitalization of $17.73 billion, a price-to-earnings ratio of -554.96, a price-to-earnings-growth ratio of 6.40 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

AVAV has been the topic of a number of recent analyst reports. Canaccord Genuity Group lifted their price objective on AeroVironment from $305.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. The Goldman Sachs Group lifted their price target on AeroVironment from $300.00 to $333.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Cantor Fitzgerald began coverage on AeroVironment in a research report on Tuesday, July 8th. They set an “overweight” rating and a $335.00 price target on the stock. KeyCorp began coverage on AeroVironment in a research report on Sunday, June 29th. They set an “overweight” rating on the stock. Finally, Royal Bank Of Canada lifted their price target on AeroVironment from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, AeroVironment currently has an average rating of “Buy” and an average price target of $356.07.

Insider Buying and Selling at AeroVironment

In related news, CFO Kevin Patrick Mcdonnell sold 998 shares of the company’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $399.74, for a total transaction of $398,940.52. Following the completion of the sale, the chief financial officer owned 19,324 shares in the company, valued at approximately $7,724,575.76. This represents a 4.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Trace E. Stevenson sold 1,717 shares of the company’s stock in a transaction on Monday, October 6th. The shares were 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 of the company’s stock, valued at approximately $1,869,567. This trade represents a 25.92% decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

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.