Munro Partners Has $2.71 Million Stake in AeroVironment, Inc. $AVAV

Munro Partners trimmed its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 45.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,215 shares of the aerospace company’s stock after selling 9,205 shares during the quarter. Munro Partners’ holdings in AeroVironment were worth $2,713,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of AeroVironment by 1.5% during the third quarter. Vanguard Group Inc. now owns 3,530,073 shares of the aerospace company’s stock worth $1,111,585,000 after purchasing an additional 51,959 shares during the period. Groupama Asset Managment acquired a new position in shares of AeroVironment during the third quarter worth approximately $314,890,000. Geode Capital Management LLC raised its position in shares of AeroVironment by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 884,395 shares of the aerospace company’s stock worth $213,956,000 after purchasing an additional 71,903 shares during the period. Van ECK Associates Corp raised its position in shares of AeroVironment by 17.4% during the third quarter. Van ECK Associates Corp now owns 686,273 shares of the aerospace company’s stock worth $216,101,000 after purchasing an additional 101,713 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of AeroVironment by 15.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 614,444 shares of the aerospace company’s stock worth $193,390,000 after purchasing an additional 83,322 shares during the period. 86.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group lowered their target price on AeroVironment from $390.00 to $305.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Needham & Company LLC lowered their price target on AeroVironment from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. KeyCorp lowered their price target on AeroVironment from $330.00 to $295.00 and set an “overweight” rating for the company in a research report on Wednesday, March 11th. Wall Street Zen raised AeroVironment from a “sell” rating to a “hold” rating in a research report on Sunday, June 7th. Finally, Royal Bank Of Canada lowered their price target on AeroVironment from $325.00 to $250.00 and set an “outperform” rating for the company in a research report on Wednesday, March 11th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $318.78.

AeroVironment Stock Up 0.8%

Shares of NASDAQ:AVAV opened at $171.95 on Tuesday. The company has a market capitalization of $8.59 billion, a PE ratio of -39.62, a price-to-earnings-growth ratio of 2.34 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.51 and a quick ratio of 4.54. The business has a fifty day moving average price of $183.96 and a two-hundred day moving average price of $233.90. AeroVironment, Inc. has a 1 year low of $156.00 and a 1 year high of $417.86.

Insider Transactions at AeroVironment

In other AeroVironment news, Director Stephen F. Page sold 250 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $162.31, for a total value of $40,577.50. Following the completion of the transaction, the director owned 49,251 shares in the company, valued at $7,993,929.81. This represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.81% of the stock is owned by company insiders.

AeroVironment Company Profile

AeroVironment, Inc (NASDAQ:AVAV) is a technology company specializing in unmanned aerial systems (UAS), tactical missiles and precision loitering munitions, electric vehicle charging and scalable energy systems. Headquartered in Monrovia, California, the company develops solutions for defense, public safety and commercial markets. Their offerings include small UAS for intelligence, surveillance and reconnaissance, as well as advanced weapons systems designed to meet the needs of modern military operations.

The company’s unmanned aerial systems portfolio features platforms such as the Raven, Puma and Switchblade series, which are deployed by the U.S.