Mount Yale Investment Advisors LLC Has $332,000 Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Mount Yale Investment Advisors LLC grew its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 21.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,658 shares of the aerospace company’s stock after buying an additional 288 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in AeroVironment were worth $332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Security National Bank acquired a new position in AeroVironment during the third quarter worth $31,000. Canada Pension Plan Investment Board bought a new stake in AeroVironment during the second quarter worth $36,000. NBC Securities Inc. raised its position in AeroVironment by 47.4% during the third quarter. NBC Securities Inc. now owns 432 shares of the aerospace company’s stock worth $86,000 after acquiring an additional 139 shares in the last quarter. DT Investment Partners LLC bought a new stake in AeroVironment during the second quarter worth $95,000. Finally, GAMMA Investing LLC raised its position in AeroVironment by 32.2% during the third quarter. GAMMA Investing LLC now owns 603 shares of the aerospace company’s stock worth $121,000 after acquiring an additional 147 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

Insiders Place Their Bets

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 396 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $196.22, for a total transaction of $77,703.12. Following the sale, the chief financial officer now directly owns 18,254 shares in the company, valued at $3,581,799.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 1,787 shares of company stock worth $352,178 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

AeroVironment Trading Up 2.4 %

AVAV stock opened at $220.90 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26. The company’s 50-day simple moving average is $197.69 and its 200 day simple moving average is $186.58. AeroVironment, Inc. has a 52 week low of $112.28 and a 52 week high of $227.18. The company has a market capitalization of $6.21 billion, a PE ratio of 99.50 and a beta of 0.50.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Wednesday, September 4th. The aerospace company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.61 by $0.28. The business had revenue of $189.48 million for the quarter, compared to the consensus estimate of $183.18 million. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. AeroVironment’s revenue was up 24.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 earnings per share. As a group, sell-side analysts anticipate that AeroVironment, Inc. will post 3.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Alembic Global Advisors raised shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price target on the stock in a research report on Wednesday, August 28th. BTIG Research reissued a “buy” rating and issued a $245.00 price objective on shares of AeroVironment in a research report on Tuesday, September 17th. Royal Bank of Canada dropped their price objective on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Baird R W raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Raymond James lowered shares of AeroVironment from an “outperform” rating to a “market perform” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, AeroVironment currently has a consensus rating of “Buy” and an average price target of $208.20.

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.