Penserra Capital Management LLC Increases Stock Holdings in AeroVironment, Inc. $AVAV

Penserra Capital Management LLC boosted its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 89.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,795 shares of the aerospace company’s stock after buying an additional 12,684 shares during the period. Penserra Capital Management LLC’s holdings in AeroVironment were worth $8,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. N.E.W. Advisory Services LLC increased its holdings in shares of AeroVironment by 60.0% during the third quarter. N.E.W. Advisory Services LLC now owns 80 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 30 shares in the last quarter. AlphaQuest LLC purchased a new stake in AeroVironment during the 3rd quarter worth approximately $25,000. RMG Wealth Management LLC acquired a new position in AeroVironment during the 2nd quarter valued at approximately $28,000. TD Waterhouse Canada Inc. raised its holdings in shares of AeroVironment by 100.0% in the third quarter. TD Waterhouse Canada Inc. now owns 80 shares of the aerospace company’s stock worth $28,000 after buying an additional 40 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in shares of AeroVironment during the third quarter worth $31,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Insider Buying and Selling at AeroVironment

In related news, CFO Kevin Patrick Mcdonnell sold 999 shares of AeroVironment stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $367.60, for a total value of $367,232.40. Following the completion of the transaction, the chief financial officer owned 17,301 shares in the company, valued at $6,359,847.60. The trade was a 5.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen F. Page sold 1,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $377.62, for a total value of $377,620.00. Following the transaction, the director owned 51,001 shares in the company, valued at $19,258,997.62. This represents a 1.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,223 shares of company stock valued at $1,092,503. Corporate insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AVAV. Cantor Fitzgerald cut their target price on AeroVironment from $335.00 to $315.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. The Goldman Sachs Group cut their price objective on AeroVironment from $486.00 to $429.00 and set a “buy” rating on the stock in a report on Friday, December 12th. BNP Paribas Exane assumed coverage on AeroVironment in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $355.00 price objective for the company. Citigroup reiterated a “market outperform” rating on shares of AeroVironment in a research report on Monday, January 12th. Finally, Weiss Ratings upgraded shares of AeroVironment from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, AeroVironment currently has an average rating of “Buy” and a consensus target price of $378.06.

AeroVironment Stock Down 9.8%

Shares of AVAV stock opened at $257.30 on Thursday. AeroVironment, Inc. has a twelve month low of $102.25 and a twelve month high of $417.86. The stock has a market cap of $12.85 billion, a P/E ratio of -205.84, a P/E/G ratio of 4.22 and a beta of 1.23. The stock has a 50 day moving average of $288.30 and a 200 day moving average of $294.72. The company has a current ratio of 5.08, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Tuesday, December 9th. The aerospace company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.43). AeroVironment had a positive return on equity of 3.42% and a negative net margin of 5.08%.The firm had revenue of $472.51 million for the quarter, compared to analyst estimates of $466.16 million. During the same period in the previous year, the business earned $0.47 EPS. AeroVironment’s revenue for the quarter was up 150.7% compared to the same quarter last year. AeroVironment has set its FY 2026 guidance at 3.400-3.550 EPS. As a group, sell-side analysts expect that AeroVironment, Inc. will post 3.38 EPS for the current year.

About AeroVironment

AeroVironment, Inc (NASDAQ:AVAV) is a technology company specializing in unmanned aerial systems (UAS), tactical missiles and precision loitering munitions, electric vehicle charging and scalable energy systems. Headquartered in Monrovia, California, the company develops solutions for defense, public safety and commercial markets. Their offerings include small UAS for intelligence, surveillance and reconnaissance, as well as advanced weapons systems designed to meet the needs of modern military operations.

The company’s unmanned aerial systems portfolio features platforms such as the Raven, Puma and Switchblade series, which are deployed by the U.S.