OneDigital Investment Advisors LLC Boosts Stock Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

OneDigital Investment Advisors LLC boosted its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 285.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,770 shares of the aerospace company’s stock after purchasing an additional 10,937 shares during the quarter. OneDigital Investment Advisors LLC owned about 0.05% of AeroVironment worth $2,961,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AVAV. Sei Investments Co. raised its holdings in shares of AeroVironment by 24.7% during the 1st quarter. Sei Investments Co. now owns 21,116 shares of the aerospace company’s stock worth $3,237,000 after acquiring an additional 4,186 shares in the last quarter. ProShare Advisors LLC lifted its position in AeroVironment by 11.8% during the first quarter. ProShare Advisors LLC now owns 5,467 shares of the aerospace company’s stock valued at $838,000 after purchasing an additional 576 shares during the last quarter. Motley Fool Asset Management LLC purchased a new position in shares of AeroVironment in the 1st quarter worth $266,000. State Board of Administration of Florida Retirement System increased its holdings in shares of AeroVironment by 10.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 8,212 shares of the aerospace company’s stock worth $1,259,000 after buying an additional 780 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of AeroVironment by 7.4% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,920 shares of the aerospace company’s stock valued at $294,000 after buying an additional 133 shares in the last quarter. Institutional investors own 86.38% of the company’s stock.

AeroVironment Trading Down 2.1 %

Shares of NASDAQ AVAV opened at $200.06 on Friday. AeroVironment, Inc. has a 1-year low of $116.51 and a 1-year high of $236.60. The business has a fifty day moving average price of $206.15 and a 200 day moving average price of $193.21. The stock has a market capitalization of $5.64 billion, a P/E ratio of 93.92 and a beta of 0.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.26 and a quick ratio of 3.04.

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

Insider Transactions at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $196.22, for a total transaction of $77,703.12. Following the sale, the chief financial officer now directly owns 18,254 shares of the company’s stock, valued at $3,581,799.88. The trade was a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 1,782 shares of company stock valued at $372,615. Corporate insiders own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AVAV. Jefferies Financial Group lowered AeroVironment from a “buy” rating to a “hold” rating and set a $240.00 price target for the company. in a research report on Tuesday, November 12th. BTIG Research reiterated a “buy” rating and issued a $245.00 target price on shares of AeroVironment in a report on Tuesday, September 17th. Raymond James lowered AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. Alembic Global Advisors raised shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price objective for the company in a research note on Wednesday, August 28th. Finally, Baird R W upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, AeroVironment presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.50.

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.