California Public Employees Retirement System Holds Position in AeroVironment, Inc. (AVAV)

California Public Employees Retirement System held its position in AeroVironment, Inc. (NASDAQ:AVAV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,500 shares of the aerospace company’s stock at the close of the second quarter. California Public Employees Retirement System owned about 0.14% of AeroVironment worth $1,203,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AVAV. Sei Investments Co. increased its holdings in shares of AeroVironment by 1.8% during the 2nd quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock worth $132,000 after acquiring an additional 61 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of AeroVironment by 0.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the aerospace company’s stock worth $136,000 after acquiring an additional 38 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of AeroVironment by 78.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,073 shares of the aerospace company’s stock worth $155,000 after acquiring an additional 1,793 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of AeroVironment by 3.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the aerospace company’s stock worth $185,000 after acquiring an additional 150 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its holdings in shares of AeroVironment by 4.1% during the 2nd quarter. Eqis Capital Management Inc. now owns 7,831 shares of the aerospace company’s stock worth $299,000 after acquiring an additional 311 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

In related news, Chairman Timothy E. Conver sold 2,000 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $53.91, for a total transaction of $107,820.00. Following the completion of the sale, the chairman now directly owns 58,138 shares in the company, valued at approximately $3,134,219.58. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Timothy E. Conver sold 7,600 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $49.14, for a total value of $373,464.00. Following the sale, the chairman now owns 58,138 shares of the company’s stock, valued at $2,856,901.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,000 shares of company stock valued at $1,968,072. 11.00% of the stock is owned by corporate insiders.

A number of brokerages have commented on AVAV. Robert W. Baird reaffirmed a “hold” rating and issued a $35.00 price objective on shares of AeroVironment in a report on Monday, August 28th. Canaccord Genuity upped their price objective on AeroVironment from $35.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, August 30th. Zacks Investment Research lowered AeroVironment from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 1st. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $36.00 price objective on shares of AeroVironment in a report on Thursday, August 31st. Finally, Jefferies Group LLC upped their price objective on AeroVironment from $29.00 to $37.00 and gave the company a “hold” rating in a report on Wednesday, August 30th. Seven investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $39.00.

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Shares of AeroVironment, Inc. (NASDAQ:AVAV) opened at $43.33 on Friday. The firm has a market capitalization of $1,070.67, a price-to-earnings ratio of 53.46, a PEG ratio of 4.91 and a beta of 1.24. AeroVironment, Inc. has a 1 year low of $24.70 and a 1 year high of $55.75.

AeroVironment (NASDAQ:AVAV) last released its earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.15. The firm had revenue of $43.80 million during the quarter, compared to the consensus estimate of $42.44 million. AeroVironment had a return on equity of 5.40% and a net margin of 7.22%. The company’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.51) EPS. equities analysts expect that AeroVironment, Inc. will post 0.61 EPS for the current year.

AeroVironment Profile

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.

Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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