Clal Insurance Enterprises Holdings Ltd Has $12.75 Million Position in AeroVironment, Inc. (NASDAQ:AVAV)

Clal Insurance Enterprises Holdings Ltd cut its position in AeroVironment, Inc. (NASDAQ:AVAV) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,863 shares of the aerospace company’s stock after selling 1,896 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned 0.29% of AeroVironment worth $12,752,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of AeroVironment in the 4th quarter valued at approximately $101,000. Jones Financial Companies Lllp increased its position in AeroVironment by 18.8% during the 4th quarter. Jones Financial Companies Lllp now owns 1,093 shares of the aerospace company’s stock worth $168,000 after purchasing an additional 173 shares in the last quarter. Smartleaf Asset Management LLC increased its position in AeroVironment by 245.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 529 shares of the aerospace company’s stock worth $82,000 after purchasing an additional 376 shares in the last quarter. Tower View Wealth Management LLC increased its position in AeroVironment by 20.8% during the 4th quarter. Tower View Wealth Management LLC now owns 17,476 shares of the aerospace company’s stock worth $2,689,000 after purchasing an additional 3,009 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in AeroVironment by 63.0% during the 4th quarter. Fisher Asset Management LLC now owns 217,806 shares of the aerospace company’s stock worth $33,518,000 after purchasing an additional 84,170 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.

AeroVironment Trading Down 1.5 %

Shares of NASDAQ AVAV opened at $149.62 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. AeroVironment, Inc. has a 52-week low of $129.59 and a 52-week high of $236.60. The firm has a 50 day moving average price of $165.63 and a two-hundred day moving average price of $185.01. The stock has a market cap of $4.22 billion, a P/E ratio of 85.99 and a beta of 0.52.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.29). AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. The business had revenue of $188.46 million during the quarter, compared to analyst estimates of $181.80 million. During the same quarter last year, the company posted $0.97 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts forecast that AeroVironment, Inc. will post 3.38 EPS for the current year.

Insider Activity

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $198.73, for a total value of $78,697.08. Following the sale, the chief financial officer now directly owns 16,472 shares of the company’s stock, valued at approximately $3,273,480.56. This represents a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.