1,308 Shares in AeroVironment, Inc. (NASDAQ:AVAV) Bought by Quest Partners LLC

Quest Partners LLC purchased a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV) in the third quarter, HoldingsChannel.com reports. The firm purchased 1,308 shares of the aerospace company’s stock, valued at approximately $262,000.

Several other hedge funds have also recently made changes to their positions in AVAV. Security National Bank acquired a new stake in AeroVironment during the third quarter worth approximately $31,000. Canada Pension Plan Investment Board bought a new position in shares of AeroVironment during the 2nd quarter worth approximately $36,000. Arcadia Investment Management Corp MI grew its position in shares of AeroVironment by 23.1% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock worth $80,000 after buying an additional 75 shares during the period. NBC Securities Inc. increased its stake in shares of AeroVironment by 47.4% in the 3rd quarter. NBC Securities Inc. now owns 432 shares of the aerospace company’s stock valued at $86,000 after acquiring an additional 139 shares in the last quarter. Finally, DT Investment Partners LLC acquired a new position in shares of AeroVironment during the 2nd quarter valued at $95,000. 86.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on AVAV shares. BTIG Research restated a “buy” rating and issued a $245.00 price target on shares of AeroVironment in a report on Tuesday, September 17th. Alembic Global Advisors raised AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 target price for the company in a research report on Wednesday, August 28th. Raymond James downgraded AeroVironment from an “outperform” rating to a “market perform” rating in a research note on Monday, September 16th. Royal Bank of Canada reduced their price objective on AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Finally, Jefferies Financial Group raised AeroVironment from a “hold” rating to a “buy” rating and lowered their target price for the stock from $240.00 to $230.00 in a research report on Wednesday, November 20th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $211.83.

AeroVironment Stock Performance

Shares of AVAV opened at $196.50 on Wednesday. AeroVironment, Inc. has a 52 week low of $116.51 and a 52 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. The stock has a 50 day moving average price of $207.68 and a two-hundred day moving average price of $194.20. The firm has a market capitalization of $5.54 billion, a P/E ratio of 92.25 and a beta of 0.49.

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

Insider Activity at AeroVironment

In related news, CFO Kevin Patrick Mcdonnell sold 508 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $216.65, for a total transaction of $110,058.20. Following the completion of the sale, the chief financial officer now directly owns 16,868 shares of the company’s stock, valued at approximately $3,654,452.20. This trade represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 1,782 shares of company stock valued at $372,615 over the last ninety days. Corporate insiders own 1.27% of the company’s stock.

AeroVironment Company Profile

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.