Systematic Financial Management LP Has $2.88 Million Position in AeroVironment, Inc. (AVAV)

Systematic Financial Management LP reduced its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 65.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,265 shares of the aerospace company’s stock after selling 96,071 shares during the quarter. Systematic Financial Management LP’s holdings in AeroVironment were worth $2,879,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LS Investment Advisors LLC lifted its stake in shares of AeroVironment by 179.6% during the 4th quarter. LS Investment Advisors LLC now owns 2,069 shares of the aerospace company’s stock worth $116,000 after purchasing an additional 1,329 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of AeroVironment during the 4th quarter worth $238,000. Piedmont Investment Advisors LLC purchased a new stake in shares of AeroVironment during the 3rd quarter worth $250,000. PNC Financial Services Group Inc. lifted its stake 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. Finally, First Manhattan Co. purchased a new stake in shares of AeroVironment during the 3rd quarter worth $270,000. Hedge funds and other institutional investors own 73.74% of the company’s stock.

AeroVironment, Inc. (NASDAQ AVAV) opened at $50.19 on Friday. AeroVironment, Inc. has a 1 year low of $25.66 and a 1 year high of $58.99. The stock has a market capitalization of $1,200.00, a PE ratio of 39.52, a P/E/G ratio of 4.74 and a beta of 1.06.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $73.83 million for the quarter, compared to analyst estimates of $63.53 million. During the same period in the prior year, the company posted ($0.18) EPS. The firm’s quarterly revenue was up 47.3% compared to the same quarter last year. research analysts predict that AeroVironment, Inc. will post 0.7 EPS for the current year.

A number of brokerages recently weighed in on AVAV. Zacks Investment Research upgraded AeroVironment from a “sell” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Thursday, February 8th. ValuEngine cut AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Canaccord Genuity restated a “hold” rating and set a $50.00 price objective on shares of AeroVironment in a research note on Thursday, December 14th. TheStreet upgraded AeroVironment from a “c+” rating to a “b” rating in a research note on Friday, December 8th. Finally, BidaskClub lowered AeroVironment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. AeroVironment currently has a consensus rating of “Hold” and an average price target of $42.40.

In related news, Chairman Timothy E. Conver sold 7,600 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $47.00, for a total transaction of $357,200.00. Following the transaction, the chairman now directly owns 58,138 shares of the company’s stock, valued at approximately $2,732,486. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Timothy E. Conver sold 3,800 shares of the company’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $56.90, for a total value 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. Insiders have sold a total of 41,800 shares of company stock worth $2,237,440 over the last ninety days. 11.00% of the stock is currently owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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