AeroVironment, Inc. (AVAV) Shares Sold by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. lessened its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 41.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 12,437 shares of the aerospace company’s stock after selling 8,769 shares during the period. Ladenburg Thalmann Financial Services Inc. owned approximately 0.05% of AeroVironment worth $673,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AVAV. Sei Investments Co. lifted its position 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 purchasing an additional 61 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position 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 purchasing an additional 150 shares during the last quarter. PNC Financial Services Group Inc. lifted its position 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. First Manhattan Co. acquired a new position in shares of AeroVironment during the 3rd quarter worth about $270,000. Finally, Invictus RG acquired a new position in shares of AeroVironment during the 3rd quarter worth about $303,000. 74.04% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman Timothy E. Conver sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $53.91, for a total value of $107,820.00. Following the sale, the chairman now directly owns 58,138 shares in the company, valued at approximately $3,134,219.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Timothy E. Conver sold 7,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $54.00, for a total value of $410,400.00. The disclosure for this sale can be found here. Insiders have sold 36,200 shares of company stock worth $1,835,376 over the last 90 days. Corporate insiders own 11.00% of the company’s stock.

Several equities analysts recently weighed in on the company. Canaccord Genuity reissued a “hold” rating and set a $50.00 price objective on shares of AeroVironment in a research report on Thursday, December 14th. Zacks Investment Research cut AeroVironment from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. TheStreet upgraded AeroVironment from a “c+” rating to a “b” rating in a research note on Friday, December 8th. ValuEngine lowered AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Robert W. Baird restated a “hold” rating and set a $35.00 price target on shares of AeroVironment in a research note on Tuesday, October 24th. Seven analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $44.40.

AeroVironment, Inc. (NASDAQ:AVAV) opened at $56.67 on Friday. AeroVironment, Inc. has a 12 month low of $24.70 and a 12 month high of $58.99. The stock has a market capitalization of $1,367.05, a PE ratio of 43.26, a P/E/G ratio of 5.97 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 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.30. AeroVironment had a return on equity of 8.23% and a net margin of 10.42%. The firm had revenue of $73.83 million for the quarter, compared to analyst estimates of $63.53 million. During the same period in the previous year, the company posted ($0.18) earnings per share. The company’s quarterly revenue was up 47.3% compared to the same quarter last year. equities analysts forecast that AeroVironment, Inc. will post 0.64 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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