Munro Partners Sells 9,205 Shares of AeroVironment, Inc. $AVAV

Munro Partners reduced its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 45.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,215 shares of the aerospace company’s stock after selling 9,205 shares during the period. Munro Partners’ holdings in AeroVironment were worth $2,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AVAV. United Services Automobile Association bought a new stake in shares of AeroVironment during the first quarter worth about $225,000. Schnieders Capital Management LLC. bought a new stake in shares of AeroVironment during the second quarter worth about $285,000. American Century Companies Inc. bought a new stake in shares of AeroVironment during the second quarter worth about $633,000. EverSource Wealth Advisors LLC grew its holdings in shares of AeroVironment by 5,200.0% during the second quarter. EverSource Wealth Advisors LLC now owns 159 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 156 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of AeroVironment by 0.4% during the second quarter. Marshall Wace LLP now owns 24,188 shares of the aerospace company’s stock worth $6,892,000 after purchasing an additional 108 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Price Performance

Shares of AVAV opened at $171.95 on Tuesday. AeroVironment, Inc. has a 52-week low of $156.00 and a 52-week high of $417.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.54 and a current ratio of 5.51. The business’s 50 day moving average price is $183.96 and its two-hundred day moving average price is $233.90. The firm has a market cap of $8.59 billion, a PE ratio of -39.62, a price-to-earnings-growth ratio of 2.34 and a beta of 1.35.

Insider Transactions at AeroVironment

In other news, Director Stephen F. Page sold 250 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $162.31, for a total transaction of $40,577.50. Following the transaction, the director directly owned 49,251 shares of the company’s stock, valued at $7,993,929.81. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

AVAV has been the topic of several research reports. Citizens Jmp reduced their price target on AeroVironment from $400.00 to $350.00 and set a “market outperform” rating on the stock in a report on Wednesday, March 11th. UBS Group reduced their price target on AeroVironment from $259.00 to $236.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. KeyCorp reduced their price target on AeroVironment from $330.00 to $295.00 and set an “overweight” rating on the stock in a report on Wednesday, March 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AeroVironment in a research note on Monday, June 8th. Finally, Raymond James Financial raised AeroVironment from an “underperform” rating to a “market perform” rating in a research note on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, AeroVironment has an average rating of “Moderate Buy” and a consensus target price of $318.78.

AeroVironment Company Profile

AeroVironment, Inc (NASDAQ:AVAV) is a technology company specializing in unmanned aerial systems (UAS), tactical missiles and precision loitering munitions, electric vehicle charging and scalable energy systems. Headquartered in Monrovia, California, the company develops solutions for defense, public safety and commercial markets. Their offerings include small UAS for intelligence, surveillance and reconnaissance, as well as advanced weapons systems designed to meet the needs of modern military operations.

The company’s unmanned aerial systems portfolio features platforms such as the Raven, Puma and Switchblade series, which are deployed by the U.S.