US Bancorp DE Has $1.43 Million Position in AeroVironment, Inc. (AVAV)
US Bancorp DE increased its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 33.2% in the fourth quarter, Holdings Channel reports. The firm owned 25,381 shares of the aerospace company’s stock after buying an additional 6,325 shares during the period. US Bancorp DE’s holdings in AeroVironment were worth $1,425,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of AeroVironment by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,916 shares of the aerospace company’s stock worth $187,000 after purchasing an additional 56 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of AeroVironment during the 3rd quarter worth $250,000. First Manhattan Co. purchased a new stake in shares of AeroVironment during the 3rd quarter worth $270,000. Invictus RG purchased a new stake in shares of AeroVironment during the 3rd quarter worth $303,000. Finally, Voya Investment Management LLC lifted its stake in shares of AeroVironment by 11.4% during the 2nd quarter. Voya Investment Management LLC now owns 10,875 shares of the aerospace company’s stock worth $415,000 after purchasing an additional 1,115 shares during the last quarter. Hedge funds and other institutional investors own 73.74% of the company’s stock.
In other AeroVironment news, Chairman Timothy E. Conver sold 3,800 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $56.90, for a total value of $216,220.00. Following the completion of the sale, the chairman now directly owns 58,138 shares in the company, valued at $3,308,052.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Timothy E. Conver sold 7,600 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $55.27, for a total value of $420,052.00. Following the completion of the sale, the chairman now owns 58,138 shares of the company’s stock, valued at $3,213,287.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,400 shares of company stock valued at $2,578,300. 11.00% of the stock is currently owned by company insiders.
Shares of AeroVironment, Inc. (AVAV) opened at $51.74 on Monday. AeroVironment, Inc. has a 12 month low of $25.66 and a 12 month high of $58.99. The company has a market capitalization of $1,235.04, a PE ratio of 39.50, a price-to-earnings-growth ratio of 4.91 and a beta of 1.06.
AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, December 5th. The aerospace company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.30. AeroVironment had a return on equity of 8.23% and a net margin of 10.42%. The company had revenue of $73.83 million during the quarter, compared to analysts’ expectations of $63.53 million. During the same period last year, the business posted ($0.18) earnings per share. The firm’s revenue was up 47.3% compared to the same quarter last year. analysts expect that AeroVironment, Inc. will post 0.7 EPS for the current fiscal year.
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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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