Vontobel Holding Ltd. Has $1.66 Million Stock Position in AeroVironment, Inc. $AVAV

Vontobel Holding Ltd. lowered its position in AeroVironment, Inc. (NASDAQ:AVAV) by 39.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,819 shares of the aerospace company’s stock after selling 3,765 shares during the period. Vontobel Holding Ltd.’s holdings in AeroVironment were worth $1,658,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AVAV. ORG Partners LLC raised its stake in shares of AeroVironment by 296.0% in the second quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 74 shares during the last quarter. RMG Wealth Management LLC bought a new position in shares of AeroVironment in the second quarter valued at approximately $28,000. Spirit of America Management Corp NY bought a new position in shares of AeroVironment in the first quarter valued at approximately $36,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of AeroVironment in the first quarter valued at approximately $40,000. Finally, Signaturefd LLC raised its stake in shares of AeroVironment by 56.1% in the first quarter. Signaturefd LLC now owns 398 shares of the aerospace company’s stock valued at $47,000 after acquiring an additional 143 shares during the last quarter. Institutional investors own 86.38% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Wahid Nawabi sold 17,300 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $263.05, for a total transaction of $4,550,765.00. Following the completion of the transaction, the chief executive officer directly owned 122,233 shares in the company, valued at $32,153,390.65. This represents a 12.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Trace E. Stevenson sold 1,717 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $381.00, for a total value of $654,177.00. Following the completion of the transaction, the insider owned 4,907 shares of the company’s stock, valued at $1,869,567. The trade was a 25.92% decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AVAV has been the subject of several research analyst reports. Raymond James Financial boosted their price objective on shares of AeroVironment from $300.00 to $348.00 and gave the stock a “strong-buy” rating in a research report on Monday, September 29th. Canaccord Genuity Group boosted their price objective on shares of AeroVironment from $305.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank Of Canada boosted their price objective on shares of AeroVironment from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Cantor Fitzgerald initiated coverage on shares of AeroVironment in a research report on Tuesday, July 8th. They issued an “overweight” rating and a $335.00 price objective for the company. Finally, BTIG Research upped their target price on shares of AeroVironment from $300.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, AeroVironment has a consensus rating of “Buy” and an average target price of $356.07.

AeroVironment Price Performance

Shares of NASDAQ AVAV opened at $392.29 on Friday. The firm has a market cap of $19.59 billion, a PE ratio of -612.94, a PEG ratio of 6.65 and a beta of 0.99. The company has a current ratio of 5.96, a quick ratio of 5.12 and a debt-to-equity ratio of 0.16. AeroVironment, Inc. has a 1-year low of $102.25 and a 1-year high of $417.86. The company has a fifty day moving average price of $277.35 and a 200 day moving average price of $220.37.

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