Chesapeake Capital Corp IL Buys 617 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Chesapeake Capital Corp IL grew its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 28.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,814 shares of the aerospace company’s stock after acquiring an additional 617 shares during the quarter. Chesapeake Capital Corp IL’s holdings in AeroVironment were worth $561,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Security National Bank bought a new stake in AeroVironment in the 3rd quarter worth approximately $31,000. Canada Pension Plan Investment Board purchased a new position in shares of AeroVironment during the second quarter valued at approximately $36,000. Arcadia Investment Management Corp MI increased its stake in shares of AeroVironment by 23.1% during the third quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock valued at $80,000 after buying an additional 75 shares during the period. NBC Securities Inc. boosted its position in shares of AeroVironment by 47.4% during the third quarter. NBC Securities Inc. now owns 432 shares of the aerospace company’s stock valued at $86,000 after purchasing an additional 139 shares in the last quarter. Finally, DT Investment Partners LLC bought a new stake in shares of AeroVironment during the second quarter valued at approximately $95,000. Institutional investors own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Alembic Global Advisors upgraded AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price target on the stock in a research report on Wednesday, August 28th. Raymond James downgraded AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $161.00 to $220.00 in a report on Wednesday, August 28th. Baird R W raised AeroVironment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, Royal Bank of Canada dropped their target price on AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $213.50.

AeroVironment Trading Down 2.1 %

Shares of NASDAQ:AVAV opened at $200.06 on Friday. The company has a market cap of $5.64 billion, a P/E ratio of 93.92 and a beta of 0.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.26 and a quick ratio of 3.04. AeroVironment, Inc. has a 1 year low of $116.51 and a 1 year high of $236.60. The stock’s fifty day moving average price is $206.15 and its 200-day moving average price is $193.21.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.28. The firm had revenue of $189.48 million for the quarter, compared to the consensus estimate of $183.18 million. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The company’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 earnings per share. Sell-side analysts expect that AeroVironment, Inc. will post 3.36 earnings per share for the current year.

Insider Activity

In related news, CFO Kevin Patrick Mcdonnell sold 396 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $196.22, for a total transaction of $77,703.12. Following the completion of the sale, the chief financial officer now owns 18,254 shares in the company, valued at approximately $3,581,799.88. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 1,782 shares of company stock valued at $372,615 over the last ninety days. 1.27% of the stock is currently owned by corporate insiders.

AeroVironment Profile

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.