Parkside Financial Bank & Trust Sells 100 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Parkside Financial Bank & Trust lessened its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 27.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 263 shares of the aerospace company’s stock after selling 100 shares during the quarter. Parkside Financial Bank & Trust’s holdings in AeroVironment were worth $33,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. RiverPark Advisors LLC boosted its holdings in shares of AeroVironment by 77.2% in the 4th quarter. RiverPark Advisors LLC now owns 388 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 169 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of AeroVironment in the 4th quarter valued at $69,000. IFP Advisors Inc boosted its holdings in shares of AeroVironment by 19.5% in the 3rd quarter. IFP Advisors Inc now owns 581 shares of the aerospace company’s stock valued at $65,000 after purchasing an additional 95 shares in the last quarter. Strs Ohio acquired a new stake in shares of AeroVironment in the 3rd quarter valued at $133,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of AeroVironment by 50.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,206 shares of the aerospace company’s stock valued at $135,000 after acquiring an additional 407 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

Insider Buying and Selling

In related news, SVP Melissa Ann Brown sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $176.77, for a total transaction of $176,770.00. Following the completion of the transaction, the senior vice president now directly owns 12,339 shares of the company’s stock, valued at approximately $2,181,165.03. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Melissa Ann Brown sold 1,000 shares of AeroVironment stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $176.77, for a total value of $176,770.00. Following the completion of the transaction, the senior vice president now directly owns 12,339 shares of the company’s stock, valued at approximately $2,181,165.03. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Trace E. Stevenson sold 1,913 shares of AeroVironment stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $183.00, for a total value of $350,079.00. Following the completion of the transaction, the vice president now directly owns 2,570 shares of the company’s stock, valued at $470,310. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

AeroVironment Stock Up 1.6 %

Shares of NASDAQ:AVAV opened at $158.09 on Friday. The firm has a market cap of $4.45 billion, a P/E ratio of -36.68 and a beta of 0.44. The company has a quick ratio of 3.16, a current ratio of 4.66 and a debt-to-equity ratio of 0.04. AeroVironment, Inc. has a 12-month low of $88.24 and a 12-month high of $184.61. The business has a fifty day simple moving average of $147.28 and a 200 day simple moving average of $132.10.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Monday, March 4th. The aerospace company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.30. The business had revenue of $186.60 million during the quarter, compared to analyst estimates of $170.62 million. AeroVironment had a positive return on equity of 13.93% and a negative net margin of 15.14%. AeroVironment’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same period last year, the company earned $0.33 EPS. Analysts predict that AeroVironment, Inc. will post 2.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Robert W. Baird reiterated a “neutral” rating and issued a $161.00 price target on shares of AeroVironment in a research note on Friday, March 8th. Royal Bank of Canada increased their price target on AeroVironment from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Finally, William Blair reiterated an “outperform” rating on shares of AeroVironment in a research note on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, AeroVironment has a consensus rating of “Moderate Buy” and an average price target of $140.20.

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.