Schwab Charles Investment Management Inc. lifted its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 5.7% during the 3rd quarter, Holdings Channel reports. The firm owned 103,968 shares of the aerospace company’s stock after purchasing an additional 5,572 shares during the period. Schwab Charles Investment Management Inc.’s holdings in AeroVironment were worth $5,627,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Sei Investments Co. boosted its holdings in AeroVironment by 1.8% in the second quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock valued at $132,000 after acquiring an additional 61 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in AeroVironment by 1.2% in the second quarter. PNC Financial Services Group Inc. now owns 4,916 shares of the aerospace company’s stock valued at $187,000 after acquiring an additional 56 shares during the last quarter. First Manhattan Co. bought a new position in AeroVironment in the third quarter valued at about $270,000. Municipal Employees Retirement System of Michigan boosted its holdings in AeroVironment by 64.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,990 shares of the aerospace company’s stock valued at $432,000 after acquiring an additional 3,140 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in AeroVironment by 1,398.2% in the third quarter. JPMorgan Chase & Co. now owns 8,225 shares of the aerospace company’s stock valued at $441,000 after acquiring an additional 7,676 shares during the last quarter. Institutional investors own 74.04% of the company’s stock.

Shares of AeroVironment, Inc. (AVAV) opened at $53.50 on Tuesday. The company has a market capitalization of $1,280.00, a PE ratio of 42.13, a PEG ratio of 5.31 and a beta of 1.16. AeroVironment, Inc. has a 1 year low of $24.70 and a 1 year high of $58.99.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, December 5th. The aerospace company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.30. The company had revenue of $73.83 million for the quarter, compared to analyst estimates of $63.53 million. AeroVironment had a return on equity of 8.23% and a net margin of 10.42%. AeroVironment’s revenue was up 47.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) earnings per share. equities research analysts predict that AeroVironment, Inc. will post 0.67 earnings per share for the current fiscal year.

AVAV has been the topic of several analyst reports. BidaskClub lowered AeroVironment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 27th. TheStreet raised AeroVironment from a “c+” rating to a “b” rating in a research note on Friday, December 8th. Canaccord Genuity reissued a “hold” rating and issued a $50.00 target price on shares of AeroVironment in a research note on Thursday, December 14th. ValuEngine lowered AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Zacks Investment Research raised AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 target price on the stock in a research note on Friday, December 8th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $44.40.

In related news, Chairman Timothy E. Conver sold 7,600 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $44.85, for a total transaction of $340,860.00. Following the completion of the transaction, the chairman now directly owns 58,138 shares in the company, valued at $2,607,489.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Timothy E. Conver sold 3,800 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $44.14, for a total value of $167,732.00. Following the transaction, the chairman now owns 58,138 shares of the company’s stock, valued at $2,566,211.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,000 shares of company stock valued at $1,967,336. 11.00% of the stock is owned by corporate insiders.

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About AeroVironment

AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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