Robeco Institutional Asset Management B.V. acquired a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 127,099 shares of the aerospace company’s stock, valued at approximately $7,137,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new position in shares of AeroVironment during the 3rd quarter worth approximately $250,000. PNC Financial Services Group Inc. increased its stake in shares of AeroVironment by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,916 shares of the aerospace company’s stock worth $187,000 after purchasing an additional 56 shares in the last quarter. First Manhattan Co. purchased a new position in shares of AeroVironment during the 3rd quarter worth approximately $270,000. Invictus RG purchased a new position in shares of AeroVironment during the 3rd quarter worth approximately $303,000. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of AeroVironment by 64.7% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,990 shares of the aerospace company’s stock worth $432,000 after purchasing an additional 3,140 shares in the last quarter. 74.36% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the stock. Robert W. Baird restated a “hold” rating and set a $35.00 target price on shares of AeroVironment in a research report on Tuesday, October 24th. ValuEngine lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Canaccord Genuity restated a “hold” rating and set a $50.00 target price on shares of AeroVironment in a research report on Thursday, December 14th. TheStreet upgraded shares of AeroVironment from a “c+” rating to a “b” rating in a research report on Friday, December 8th. Finally, Zacks Investment Research lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $44.40.

In other AeroVironment news, Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction on Friday, January 26th. The shares were sold at an average price of $53.41, for a total value of $405,916.00. Following the transaction, the chairman now owns 58,138 shares in the company, valued at approximately $3,105,150.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Timothy E. Conver sold 3,800 shares of AeroVironment stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $44.14, for a total transaction of $167,732.00. Following the completion of the transaction, the chairman now owns 58,138 shares in the company, valued at approximately $2,566,211.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,600 shares of company stock worth $2,388,832. 11.00% of the stock is owned by company insiders.

Shares of AeroVironment, Inc. (NASDAQ:AVAV) opened at $52.45 on Friday. AeroVironment, Inc. has a 1 year low of $25.52 and a 1 year high of $58.99. The stock has a market cap of $1,225.97 and a P/E ratio of 39.21.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.30. AeroVironment had a net margin of 10.42% and a return on equity of 8.23%. The firm had revenue of $73.83 million for the quarter, compared to analyst estimates of $63.53 million. During the same quarter last year, the business earned ($0.18) earnings per share. AeroVironment’s revenue was up 47.3% compared to the same quarter last year. research analysts forecast that AeroVironment, Inc. will post 0.7 earnings per share for the current fiscal year.

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AeroVironment Company 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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