Universal Beteiligungs und Servicegesellschaft mbH Purchases 31,595 Shares of AeroVironment, Inc. $AVAV

Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 329.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 41,199 shares of the aerospace company’s stock after buying an additional 31,595 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in AeroVironment were worth $11,740,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Generali Investments Management Co LLC increased its holdings in AeroVironment by 439.5% during the 2nd quarter. Generali Investments Management Co LLC now owns 9,258 shares of the aerospace company’s stock valued at $2,634,000 after purchasing an additional 7,542 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of AeroVironment during the second quarter valued at approximately $717,000. Creative Planning raised its holdings in shares of AeroVironment by 121.3% during the second quarter. Creative Planning now owns 6,653 shares of the aerospace company’s stock valued at $1,896,000 after acquiring an additional 3,647 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in AeroVironment by 8.0% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,234 shares of the aerospace company’s stock worth $2,061,000 after acquiring an additional 533 shares during the period. Finally, Foundations Investment Advisors LLC bought a new stake in AeroVironment in the second quarter valued at $203,000. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

AeroVironment Trading Down 0.2%

NASDAQ:AVAV opened at $280.43 on Thursday. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $417.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 5.12. The company’s 50-day simple moving average is $336.23 and its 200 day simple moving average is $262.52. The firm has a market capitalization of $14.00 billion, a P/E ratio of -438.17, a PEG ratio of 5.37 and a beta of 1.09.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Monday, August 28th. The aerospace company reported $0.12 earnings per share for the quarter. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. The business had revenue of $132.62 million during the quarter. As a group, analysts forecast that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Kevin Patrick Mcdonnell sold 998 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $399.74, for a total transaction of $398,940.52. Following the completion of the transaction, the chief financial officer directly owned 19,324 shares in the company, valued at $7,724,575.76. This trade represents a 4.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Trace E. Stevenson sold 1,717 shares of AeroVironment stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $381.00, for a total value of $654,177.00. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 3,228 shares of company stock valued at $1,223,157. 0.81% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on AVAV shares. Royal Bank Of Canada upped their price objective on shares of AeroVironment from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, September 25th. William Blair reissued an “outperform” rating on shares of AeroVironment in a research note on Tuesday, September 16th. Jefferies Financial Group raised their price objective on shares of AeroVironment from $320.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Bank of America started coverage on AeroVironment in a report on Thursday, September 18th. They set a “buy” rating and a $300.00 target price on the stock. Finally, Citizens Jmp began coverage on AeroVironment in a research report on Monday, August 4th. They issued a “strong-buy” rating and a $325.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $356.00.

About AeroVironment

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.