Parkside Financial Bank & Trust Sells 95 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Parkside Financial Bank & Trust reduced its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 36.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166 shares of the aerospace company’s stock after selling 95 shares during the quarter. Parkside Financial Bank & Trust’s holdings in AeroVironment were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Baillie Gifford & Co. increased its holdings in shares of AeroVironment by 29.1% in the 3rd quarter. Baillie Gifford & Co. now owns 1,951,393 shares of the aerospace company’s stock worth $391,254,000 after buying an additional 439,717 shares during the last quarter. Wellington Management Group LLP increased its stake in AeroVironment by 155.1% in the third quarter. Wellington Management Group LLP now owns 321,479 shares of the aerospace company’s stock valued at $64,457,000 after acquiring an additional 195,443 shares during the last quarter. Stephens Investment Management Group LLC increased its stake in AeroVironment by 40.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company’s stock valued at $83,338,000 after acquiring an additional 154,703 shares during the last quarter. Heard Capital LLC raised its position in AeroVironment by 25.5% during the third quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company’s stock valued at $118,723,000 after purchasing an additional 120,447 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in AeroVironment by 108.4% during the third quarter. Victory Capital Management Inc. now owns 180,824 shares of the aerospace company’s stock worth $36,255,000 after purchasing an additional 94,062 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AVAV has been the topic of several recent research reports. Jefferies Financial Group upgraded AeroVironment from a “hold” rating to a “buy” rating and reduced their price objective for the company from $240.00 to $230.00 in a research report on Wednesday, November 20th. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $225.20.

AeroVironment Trading Down 4.7 %

NASDAQ AVAV opened at $142.63 on Tuesday. The firm has a market cap of $4.02 billion, a PE ratio of 81.97 and a beta of 0.52. AeroVironment, Inc. has a 1-year low of $129.59 and a 1-year high of $236.60. The stock has a 50-day moving average of $165.26 and a 200-day moving average of $184.71. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.29). AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. The company had revenue of $188.46 million during the quarter, compared to the consensus estimate of $181.80 million. During the same quarter in the previous year, the firm posted $0.97 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, sell-side analysts forecast that AeroVironment, Inc. will post 3.38 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.