Mount Yale Investment Advisors LLC Cuts Stock Position in AeroVironment, Inc. (NASDAQ:AVAV)

Mount Yale Investment Advisors LLC trimmed its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 20.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,324 shares of the aerospace company’s stock after selling 334 shares during the period. Mount Yale Investment Advisors LLC’s holdings in AeroVironment were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AVAV. Radnor Capital Management LLC boosted its stake in shares of AeroVironment by 1.0% in the third quarter. Radnor Capital Management LLC now owns 5,965 shares of the aerospace company’s stock valued at $1,196,000 after purchasing an additional 60 shares during the period. Arcadia Investment Management Corp MI boosted its position in AeroVironment by 23.1% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock valued at $80,000 after buying an additional 75 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in AeroVironment by 7.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,434 shares of the aerospace company’s stock valued at $288,000 after buying an additional 96 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of AeroVironment by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company’s stock valued at $642,000 after acquiring an additional 105 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in shares of AeroVironment by 51.0% during the third quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 133 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Kevin Patrick Mcdonnell sold 396 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $198.73, for a total transaction of $78,697.08. Following the completion of the transaction, the chief financial officer now owns 16,472 shares in the company, valued at $3,273,480.56. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AVAV. Jefferies Financial Group upgraded AeroVironment from a “hold” rating to a “buy” rating and lowered their price objective for the company from $240.00 to $230.00 in a research note on Wednesday, November 20th. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AeroVironment currently has an average rating of “Buy” and an average target price of $225.20.

AeroVironment Trading Down 2.1 %

NASDAQ:AVAV opened at $171.28 on Thursday. The company has a market cap of $4.83 billion, a PE ratio of 98.44 and a beta of 0.50. The business’s 50 day moving average is $170.18 and its two-hundred day moving average is $185.92. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a 52 week low of $119.46 and a 52 week high of $236.60.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.29). AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. The firm had revenue of $188.46 million for the quarter, compared to the consensus estimate of $181.80 million. During the same quarter last year, the business earned $0.97 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts predict that AeroVironment, Inc. will post 3.38 EPS for the current year.

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.