SG Americas Securities LLC Has $121,000 Holdings in AeroVironment, Inc. (AVAV)

SG Americas Securities LLC reduced its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 77.3% during the 4th quarter, Holdings Channel reports. The firm owned 2,156 shares of the aerospace company’s stock after selling 7,329 shares during the quarter. SG Americas Securities LLC’s holdings in AeroVironment were worth $121,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. American Capital Management Inc. boosted its position in shares of AeroVironment by 9.7% in the fourth quarter. American Capital Management Inc. now owns 1,441,771 shares of the aerospace company’s stock worth $80,970,000 after acquiring an additional 127,619 shares during the last quarter. Vident Investment Advisory LLC boosted its position in shares of AeroVironment by 31.1% in the third quarter. Vident Investment Advisory LLC now owns 474,428 shares of the aerospace company’s stock worth $25,676,000 after acquiring an additional 112,487 shares during the last quarter. Pier Capital LLC acquired a new stake in shares of AeroVironment in the third quarter worth approximately $6,015,000. Global X MANAGEMENT CO LLC boosted its position in shares of AeroVironment by 160.7% in the third quarter. Global X MANAGEMENT CO LLC now owns 114,123 shares of the aerospace company’s stock worth $6,176,000 after acquiring an additional 70,343 shares during the last quarter. Finally, State Street Corp boosted its position in shares of AeroVironment by 7.6% in the second quarter. State Street Corp now owns 669,665 shares of the aerospace company’s stock worth $25,580,000 after acquiring an additional 47,582 shares during the last quarter. 75.51% of the stock is currently owned by institutional investors.

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Several equities research analysts recently issued reports on AVAV shares. BidaskClub cut shares of AeroVironment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 27th. TheStreet raised shares of AeroVironment from a “c+” rating to a “b” rating in a research report on Friday, December 8th. Canaccord Genuity reissued a “hold” rating and issued a $50.00 target price on shares of AeroVironment in a research report on Thursday, December 14th. ValuEngine cut shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Zacks Investment Research raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 price target on the stock in a research report on Friday, December 8th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $42.40.

In other AeroVironment news, Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $55.27, for a total transaction of $420,052.00. Following the transaction, the chairman now directly owns 58,138 shares of the company’s stock, valued at $3,213,287.26. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Timothy E. Conver sold 3,800 shares of AeroVironment stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $56.90, for a total transaction of $216,220.00. Following the transaction, the chairman now directly owns 58,138 shares in the company, valued at $3,308,052.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,400 shares of company stock worth $2,622,988. 11.00% of the stock is currently owned by corporate insiders.

AeroVironment, Inc. (AVAV) opened at $47.28 on Friday. The firm has a market cap of $1,088.20, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 4.82 and a beta of 1.06. AeroVironment, Inc. has a 12-month low of $26.42 and a 12-month high of $58.99.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Tuesday, March 6th. The aerospace company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $63.90 million for the quarter, compared to analysts’ expectations of $58.18 million. AeroVironment had a net margin of 10.50% and a return on equity of 9.15%. AeroVironment’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.09) earnings per share. research analysts predict that AeroVironment, Inc. will post 0.63 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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