Lisanti Capital Growth LLC Sells 16,065 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Lisanti Capital Growth LLC lowered its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 63.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,225 shares of the aerospace company’s stock after selling 16,065 shares during the quarter. Lisanti Capital Growth LLC’s holdings in AeroVironment were worth $1,850,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Baillie Gifford & Co. grew its position in AeroVironment by 132.7% in the 2nd quarter. Baillie Gifford & Co. now owns 1,511,676 shares of the aerospace company’s stock valued at $275,367,000 after acquiring an additional 861,962 shares during the last quarter. International Assets Investment Management LLC grew its position in AeroVironment by 19,950.0% in the 3rd quarter. International Assets Investment Management LLC now owns 267,066 shares of the aerospace company’s stock valued at $53,547,000 after acquiring an additional 265,734 shares during the last quarter. Vanguard Group Inc. grew its position in AeroVironment by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 3,094,831 shares of the aerospace company’s stock valued at $474,376,000 after acquiring an additional 179,395 shares during the last quarter. Driehaus Capital Management LLC grew its position in AeroVironment by 120.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 136,603 shares of the aerospace company’s stock valued at $24,884,000 after acquiring an additional 74,672 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in AeroVironment by 83.6% in the 2nd quarter. Van ECK Associates Corp now owns 112,913 shares of the aerospace company’s stock valued at $20,568,000 after acquiring an additional 51,428 shares during the last quarter. Institutional investors own 86.38% of the company’s stock.

AeroVironment Trading Up 1.9 %

Shares of NASDAQ AVAV opened at $227.87 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.26 and a quick ratio of 3.04. The stock has a market capitalization of $6.43 billion, a P/E ratio of 106.98 and a beta of 0.49. AeroVironment, Inc. has a 1-year low of $116.51 and a 1-year high of $232.00. The business has a fifty day moving average price of $203.71 and a 200 day moving average price of $191.45.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.28. The firm had revenue of $189.48 million during the quarter, compared to analysts’ expectations of $183.18 million. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The firm’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. Equities research analysts expect that AeroVironment, Inc. will post 3.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on AVAV. Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $161.00 to $220.00 in a research report on Wednesday, August 28th. Royal Bank of Canada lowered their target price on AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Alembic Global Advisors upgraded AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 target price for the company in a report on Wednesday, August 28th. BTIG Research reiterated a “buy” rating and issued a $245.00 target price on shares of AeroVironment in a report on Tuesday, September 17th. Finally, Raymond James cut AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, AeroVironment has a consensus rating of “Buy” and an average price target of $208.20.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 878 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total value of $184,854.12. Following the completion of the sale, the chief financial officer now directly owns 17,376 shares in the company, valued at approximately $3,658,343.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 1,782 shares of company stock worth $372,615. 1.27% of the stock is owned by insiders.

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.