AeroVironment, Inc. (AVAV) Shares Bought by PEAK6 Investments L.P.

PEAK6 Investments L.P. increased its position in AeroVironment, Inc. (NASDAQ:AVAV) by 120.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,046 shares of the aerospace company’s stock after acquiring an additional 19,136 shares during the period. PEAK6 Investments L.P. owned about 0.15% of AeroVironment worth $1,897,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its holdings in shares of AeroVironment by 1.2% in the second quarter. PNC Financial Services Group Inc. now owns 4,916 shares of the aerospace company’s stock worth $187,000 after acquiring an additional 56 shares during the period. Sei Investments Co. grew its holdings in shares of AeroVironment by 1.8% in the second quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock worth $132,000 after acquiring an additional 61 shares during the period. Arizona State Retirement System grew its holdings in shares of AeroVironment by 0.9% in the second quarter. Arizona State Retirement System now owns 10,798 shares of the aerospace company’s stock worth $412,000 after acquiring an additional 100 shares during the period. Municipal Employees Retirement System of Michigan grew its holdings in shares of AeroVironment by 3.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the aerospace company’s stock worth $185,000 after acquiring an additional 150 shares during the period. Finally, Texas Permanent School Fund grew its holdings in shares of AeroVironment by 1.1% in the second quarter. Texas Permanent School Fund now owns 15,070 shares of the aerospace company’s stock worth $576,000 after acquiring an additional 168 shares during the period. 74.65% of the stock is owned by institutional investors.

In other news, Chairman Timothy E. Conver sold 7,600 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $51.47, for a total value of $391,172.00. Following the transaction, the chairman now directly owns 58,138 shares in the company, valued at $2,992,362.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Timothy E. Conver sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $53.91, for a total value of $107,820.00. Following the completion of the transaction, the chairman now owns 58,138 shares in the company, valued at $3,134,219.58. The disclosure for this sale can be found here. Insiders sold 43,800 shares of company stock worth $2,179,960 over the last 90 days. Company insiders own 11.00% of the company’s stock.

AVAV has been the topic of several analyst reports. Zacks Investment Research downgraded AeroVironment from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Robert W. Baird reiterated a “hold” rating and set a $35.00 target price on shares of AeroVironment in a research report on Monday, August 28th. Canaccord Genuity lifted their target price on AeroVironment from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, August 30th. Jefferies Group lifted their target price on AeroVironment from $29.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, August 30th. Finally, Piper Jaffray Companies reiterated a “neutral” rating and set a $36.00 target price on shares of AeroVironment in a research report on Thursday, August 31st. Seven research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $39.00.

AeroVironment, Inc. (NASDAQ:AVAV) opened at $54.47 on Thursday. The firm has a market capitalization of $1,031.09, a price-to-earnings ratio of 33.01, a P/E/G ratio of 4.71 and a beta of 1.16. AeroVironment, Inc. has a 52-week low of $24.70 and a 52-week high of $58.23.

AeroVironment (NASDAQ:AVAV) last released its earnings results on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.30. The company had revenue of $73.83 million for the quarter, compared to the consensus estimate of $63.53 million. AeroVironment had a return on equity of 8.34% and a net margin of 10.42%. AeroVironment’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.18) earnings per share. analysts expect that AeroVironment, Inc. will post 0.61 EPS for the current fiscal year.

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AeroVironment Profile

AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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