Parkside Financial Bank & Trust Sells 95 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Parkside Financial Bank & Trust lowered its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 36.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 166 shares of the aerospace company’s stock after selling 95 shares during the period. Parkside Financial Bank & Trust’s holdings in AeroVironment were worth $26,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AVAV. Franklin Resources Inc. lifted its stake in AeroVironment by 299.4% in the third quarter. Franklin Resources Inc. now owns 4,821 shares of the aerospace company’s stock worth $1,037,000 after acquiring an additional 3,614 shares during the period. Congress Asset Management Co. lifted its position in shares of AeroVironment by 10.9% in the 4th quarter. Congress Asset Management Co. now owns 333,193 shares of the aerospace company’s stock worth $51,275,000 after purchasing an additional 32,663 shares during the period. Principal Financial Group Inc. boosted its stake in shares of AeroVironment by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 136,652 shares of the aerospace company’s stock valued at $21,029,000 after purchasing an additional 4,107 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of AeroVironment during the fourth quarter valued at about $333,000. Finally, Hennion & Walsh Asset Management Inc. raised its stake in AeroVironment by 22.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,893 shares of the aerospace company’s stock worth $599,000 after buying an additional 721 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AVAV has been the topic of several research reports. Jefferies Financial Group raised AeroVironment from a “hold” rating to a “buy” rating and cut their price objective for the company from $240.00 to $230.00 in a research report on Wednesday, November 20th. William Blair restated an “outperform” rating on shares of AeroVironment in a research report on Thursday, December 5th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $225.20.

AeroVironment Price Performance

Shares of NASDAQ AVAV opened at $142.63 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. The company has a 50 day simple moving average of $165.26 and a two-hundred day simple moving average of $184.71. AeroVironment, Inc. has a fifty-two week low of $129.59 and a fifty-two week high of $236.60. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 81.97 and a beta of 0.52.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29). AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. The company had revenue of $188.46 million for the quarter, compared to the consensus estimate of $181.80 million. During the same period last year, the business earned $0.97 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Analysts expect that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

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.