Bank of New York Mellon Corp Sells 203,864 Shares of AeroVironment, Inc. (AVAV)

Bank of New York Mellon Corp decreased its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 20.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 770,177 shares of the aerospace company’s stock after selling 203,864 shares during the period. Bank of New York Mellon Corp owned approximately 3.23% of AeroVironment worth $41,681,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. increased its position in AeroVironment by 3.6% during the 2nd quarter. BlackRock Inc. now owns 3,333,627 shares of the aerospace company’s stock worth $127,344,000 after buying an additional 116,654 shares during the period. Vanguard Group Inc. increased its position in AeroVironment by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,929,825 shares of the aerospace company’s stock worth $73,719,000 after buying an additional 68,232 shares during the period. Dimensional Fund Advisors LP increased its position in AeroVironment by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,490,349 shares of the aerospace company’s stock worth $56,930,000 after buying an additional 44,670 shares during the period. Janus Henderson Group PLC bought a new position in AeroVironment during the 2nd quarter worth $39,724,000. Finally, State Street Corp increased its position in AeroVironment by 7.6% during the 2nd quarter. State Street Corp now owns 669,665 shares of the aerospace company’s stock worth $25,580,000 after buying an additional 47,582 shares during the period. Hedge funds and other institutional investors own 74.65% of the company’s stock.

In other AeroVironment news, Chairman Timothy E. Conver sold 3,800 shares of AeroVironment 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 in the company, valued at $2,566,211.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $49.14, for a total value of $373,464.00. Following the completion of the transaction, the chairman now owns 58,138 shares in the company, valued at approximately $2,856,901.32. The disclosure for this sale can be found here. Insiders sold 43,800 shares of company stock worth $2,179,960 in the last 90 days. 11.00% of the stock is owned by company insiders.

AeroVironment, Inc. (NASDAQ:AVAV) opened at $54.47 on Thursday. AeroVironment, Inc. has a 12-month low of $24.70 and a 12-month high of $58.23. The company has a market capitalization of $1,031.09, a price-to-earnings ratio of 33.01, a P/E/G ratio of 4.71 and a beta of 1.16.

AeroVironment (NASDAQ:AVAV) last issued 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. AeroVironment had a return on equity of 8.34% and a net margin of 10.42%. The company had revenue of $73.83 million for the quarter, compared to analysts’ expectations of $63.53 million. During the same quarter last year, the business earned ($0.18) earnings per share. AeroVironment’s revenue was up 47.3% on a year-over-year basis. equities analysts forecast that AeroVironment, Inc. will post 0.61 earnings per share for the current fiscal year.

Several research firms have weighed in on AVAV. Canaccord Genuity reiterated a “hold” rating and set a $35.00 price objective on shares of AeroVironment in a research report on Thursday, August 10th. BidaskClub cut AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Robert W. Baird reiterated a “hold” rating and set a $35.00 price objective on shares of AeroVironment in a research report on Tuesday, October 24th. ValuEngine cut AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Piper Jaffray Companies restated a “neutral” rating and issued a $36.00 price target on shares of AeroVironment in a research report on Thursday, August 31st. Seven analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of $39.00.

COPYRIGHT VIOLATION WARNING: This news story was reported by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be accessed at https://www.com-unik.info/2017/12/07/bank-of-new-york-mellon-corp-sells-203864-shares-of-aerovironment-inc-avav.html.

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.

Want to see what other hedge funds are holding AVAV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AeroVironment, Inc. (NASDAQ:AVAV).

Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

What are top analysts saying about AeroVironment Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AeroVironment Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit