Mirae Asset Global Investments Co. Ltd. Sells 91 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 2.0% during the fourth quarter, HoldingsChannel reports. The fund owned 4,489 shares of the aerospace company’s stock after selling 91 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in AeroVironment were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Modus Advisors LLC acquired a new stake in AeroVironment during the fourth quarter worth $31,000. Blue Trust Inc. boosted its stake in shares of AeroVironment by 3,080.0% in the 4th quarter. Blue Trust Inc. now owns 318 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 308 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of AeroVironment in the 3rd quarter valued at $62,000. Avior Wealth Management LLC boosted its stake in shares of AeroVironment by 51.0% in the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock valued at $79,000 after purchasing an additional 133 shares in the last quarter. Finally, Arcadia Investment Management Corp MI boosted its stake in shares of AeroVironment by 23.1% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock valued at $80,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 86.38% of the company’s stock.

Insider Activity at AeroVironment

In related news, CFO Kevin Patrick Mcdonnell sold 396 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $198.73, for a total value of $78,697.08. Following the completion of the transaction, the chief financial officer now directly owns 16,472 shares in the company, valued at approximately $3,273,480.56. The trade was a 2.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.27% of the stock is owned by insiders.

AeroVironment Stock Performance

Shares of AVAV stock opened at $167.70 on Thursday. The stock has a market cap of $4.73 billion, a PE ratio of 96.38 and a beta of 0.52. The stock has a 50-day moving average of $166.84 and a 200-day moving average of $186.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. AeroVironment, Inc. has a one year low of $121.38 and a one year high of $236.60.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results 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). The firm had revenue of $188.46 million for the quarter, compared to the consensus estimate of $181.80 million. AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 earnings per share. As a group, sell-side analysts expect that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AVAV. Jefferies Financial Group upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and reduced their price target for the stock from $240.00 to $230.00 in a research report on Wednesday, November 20th. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $225.20.

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.