Parkside Financial Bank & Trust Acquires 180 Shares of AeroVironment, Inc. $AVAV

Parkside Financial Bank & Trust boosted its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 108.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 346 shares of the aerospace company’s stock after purchasing an additional 180 shares during the period. Parkside Financial Bank & Trust’s holdings in AeroVironment were worth $99,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC increased its stake in shares of AeroVironment by 296.0% during the second quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock valued at $27,000 after buying an additional 74 shares during the period. RMG Wealth Management LLC purchased a new stake in AeroVironment in the second quarter worth $28,000. Bessemer Group Inc. boosted its holdings in AeroVironment by 60.3% in the second quarter. Bessemer Group Inc. now owns 117 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 44 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in AeroVironment in the first quarter valued at $40,000. Finally, Cullen Frost Bankers Inc. purchased a new position in AeroVironment during the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

AVAV has been the subject of several research analyst reports. Zacks Research cut shares of AeroVironment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Citigroup reissued an “outperform” rating on shares of AeroVironment in a research note on Friday, October 3rd. William Blair restated an “outperform” rating on shares of AeroVironment in a report on Tuesday, September 16th. Jefferies Financial Group upped their target price on AeroVironment from $320.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Finally, New Street Research set a $365.00 target price on AeroVironment in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $356.07.

AeroVironment Price Performance

Shares of NASDAQ AVAV opened at $328.09 on Wednesday. The company has a 50 day simple moving average of $329.25 and a two-hundred day simple moving average of $257.42. AeroVironment, Inc. has a fifty-two week low of $102.25 and a fifty-two week high of $417.86. The company has a market capitalization of $16.38 billion, a price-to-earnings ratio of -512.63, a P/E/G ratio of 5.37 and a beta of 1.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 5.12 and a current ratio of 5.96.

AeroVironment (NASDAQ:AVAV) last issued its quarterly 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 firm had revenue of $132.62 million for the quarter. Analysts expect that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Trace E. Stevenson sold 1,717 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $381.00, for a total transaction of $654,177.00. Following the sale, the insider directly owned 4,907 shares of the company’s stock, valued at approximately $1,869,567. This represents a 25.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin Patrick Mcdonnell sold 998 shares of the firm’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $399.74, for a total transaction of $398,940.52. Following the sale, the chief financial officer owned 19,324 shares of the company’s stock, valued at approximately $7,724,575.76. This represents a 4.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.81% of the company’s stock.

AeroVironment 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.