Pathstone Holdings LLC Has $2.80 Million Position in AeroVironment, Inc. (NASDAQ:AVAV)

Pathstone Holdings LLC cut its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,985 shares of the aerospace company’s stock after selling 181 shares during the period. Pathstone Holdings LLC’s holdings in AeroVironment were worth $2,804,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Security National Bank acquired a new position in shares of AeroVironment during the third quarter worth $31,000. Canada Pension Plan Investment Board bought a new stake in shares of AeroVironment in the 2nd quarter valued at about $36,000. Arcadia Investment Management Corp MI increased its stake in shares of AeroVironment by 23.1% in the third 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 period. NBC Securities Inc. raised its position in shares of 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 during the last quarter. Finally, DT Investment Partners LLC bought a new stake in AeroVironment in the second quarter valued at approximately $95,000. 86.38% of the stock is owned by institutional investors.

AeroVironment Price Performance

Shares of NASDAQ AVAV opened at $193.11 on Tuesday. The firm has a market capitalization of $5.45 billion, a P/E ratio of 90.66 and a beta of 0.49. The firm’s 50-day moving average price is $207.68 and its 200-day moving average price is $194.20. The company has a current ratio of 4.26, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01. AeroVironment, Inc. has a 1-year low of $116.51 and a 1-year high of $236.60.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AVAV. Baird R W upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Raymond James downgraded shares of AeroVironment from an “outperform” rating to a “market perform” rating in a research note on Monday, September 16th. 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. Royal Bank of Canada lowered their price objective on AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Finally, Jefferies Financial Group raised AeroVironment from a “hold” rating to a “buy” rating and dropped their price objective for the company from $240.00 to $230.00 in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $211.83.

Insider Buying and Selling

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of the business’s 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 completion of the sale, the chief financial officer now directly owns 18,254 shares of the company’s stock, valued at $3,581,799.88. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 1,782 shares of company stock worth $372,615 in the last ninety days. Corporate insiders own 1.27% of the company’s stock.

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.