Tibra Equities Europe Ltd Buys New Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Tibra Equities Europe Ltd bought a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,900 shares of the aerospace company’s stock, valued at approximately $584,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Arizona State Retirement System increased its position in shares of AeroVironment by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 33,040 shares of the aerospace company’s stock valued at $1,876,000 after purchasing an additional 188 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of AeroVironment by 1.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,197 shares of the aerospace company’s stock valued at $920,000 after purchasing an additional 226 shares during the last quarter. Texas Permanent School Fund boosted its holdings in AeroVironment by 1.6% during the 3rd quarter. Texas Permanent School Fund now owns 14,690 shares of the aerospace company’s stock valued at $787,000 after acquiring an additional 235 shares during the period. Royal Bank of Canada boosted its holdings in AeroVironment by 4.7% during the 2nd quarter. Royal Bank of Canada now owns 5,935 shares of the aerospace company’s stock valued at $337,000 after acquiring an additional 264 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in AeroVironment by 2.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 13,204 shares of the aerospace company’s stock valued at $750,000 after acquiring an additional 358 shares during the period. 84.95% of the stock is currently owned by institutional investors.

In other news, Chairman Timothy E. Conver sold 13,792 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $52.53, for a total value of $724,493.76. Following the completion of the transaction, the chairman now directly owns 56,660 shares of the company’s stock, valued at approximately $2,976,349.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Timothy E. Conver sold 6,896 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.10, for a total value of $435,137.60. Following the completion of the transaction, the chairman now directly owns 56,660 shares of the company’s stock, valued at $3,575,246. The disclosure for this sale can be found here. Insiders sold a total of 48,272 shares of company stock valued at $2,705,370 over the last quarter. Company insiders own 10.50% of the company’s stock.

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AVAV has been the subject of a number of recent analyst reports. Piper Jaffray Companies upgraded AeroVironment from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $66.00 to $76.00 in a report on Wednesday, October 16th. William Blair restated a “buy” rating on shares of AeroVironment in a report on Wednesday, August 21st. Zacks Investment Research upgraded AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective for the company in a report on Friday, September 6th. BidaskClub upgraded AeroVironment from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Finally, Stifel Nicolaus restated a “hold” rating on shares of AeroVironment in a report on Thursday, September 26th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. AeroVironment currently has an average rating of “Buy” and an average target price of $71.72.

Shares of AVAV stock traded up $1.51 during mid-day trading on Friday, hitting $61.91. The stock had a trading volume of 7,191 shares, compared to its average volume of 157,617. AeroVironment, Inc. has a 12-month low of $48.61 and a 12-month high of $103.46. The firm has a market capitalization of $1.43 billion, a P/E ratio of 42.03 and a beta of 1.15. The firm’s 50-day moving average is $57.21 and its two-hundred day moving average is $58.96. The company has a debt-to-equity ratio of 0.02, a current ratio of 10.56 and a quick ratio of 9.26.

AeroVironment (NASDAQ:AVAV) last issued its earnings results on Wednesday, September 4th. The aerospace company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.39. AeroVironment had a return on equity of 8.55% and a net margin of 11.52%. The business had revenue of $86.91 million during the quarter, compared to analysts’ expectations of $85.25 million. Analysts expect that AeroVironment, Inc. will post 1.65 EPS for the current year.

AeroVironment Profile

AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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