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Principale » Piper Jaffray Companies Lowers AeroVironment, Inc

Piper Jaffray Companies Lowers AeroVironment, Inc

08 Juillet 2017

American Capital Management Inc. increased its stake in AeroVironment by 11.3% in the first quarter. (NASDAQ:AVAV). Schwab Charles Investment Mgmt Incorporated holds 0% or 86,398 shares. Vident Investment Advisory LLC increased its stake in AeroVironment by 175.1% in the first quarter. Janus Capital Management LLC raised its stake in shares of AeroVironment by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,338,616 shares of the aerospace company's stock valued at $35,915,000 after buying an additional 82,838 shares during the last quarter. Finally, Berson & Corrado Investment Advisors LLC purchased a new position in AeroVironment during the first quarter valued at $230,000. State Street Corp now owns 576,013 shares of the aerospace company's stock valued at $15,451,000 after buying an additional 103,833 shares during the last quarter. The fund purchased 16,146 shares of the aerospace company's stock, valued at approximately $453,000. Finally, State Street Corp increased its stake in shares of AeroVironment by 22.0% in the fourth quarter. (AVAV) opened at 38.11 on Friday. The company has a market cap of $886.71 million, a price-to-earnings ratio of 70.57 and a beta of 1.31.

AeroVironment, Inc. has a one year low of $22.16 and a one year high of $40.10. Company shares last traded at $39.51 which is just a bit higher than $31.40, the 50 day moving average and which is a tad above the 200 day moving average of $28.31.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Tuesday, June 27th. The aerospace company reported $1.30 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.99 by $0.31.

Aerovironment Incorporated (NASDAQ:AVAV) had a decrease of 4.52% in short interest. The company had revenue of $125.40 million during the quarter, compared to analysts' expectations of $122.90 million. During the same quarter past year, the firm posted $0.23 EPS. AeroVironment's revenue for the quarter was up 47.9% compared to the same quarter past year. Equities research analysts expect that AeroVironment, Inc. will post $0.54 earnings per share for the current year. The correct version of this article can be accessed at https://transcriptdaily.com/2017/07/07/karp-capital-management-corp-takes-position-in-aerovironment-inc-avav-updated.html.

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ILLEGAL ACTIVITY WARNING: This piece of content was first published by BBNS and is the sole property of of BBNS. If you are reading this article on another website, it was illegally copied and republished in violation of global trademark and copyright laws. ValuEngine raised shares of AeroVironment from a "sell" rating to a "hold" rating in a report on Friday, June 2nd. Jefferies Group LLC set a $27.00 price target on AeroVironment and gave the stock a "hold" rating in a research report on Thursday, March 16th. Zacks Investment Research upgraded shares of AeroVironment from a "hold" rating to a "strong-buy" rating and set a $42.00 price objective for the company in a research note on Friday, June 30th. Canaccord Genuity reiterated a hold rating and issued a $29.00 price objective on shares of AeroVironment in a research note on Friday, April 7th. Piper Jaffray Companies cut shares of AeroVironment from an "overweight" rating to a "neutral" rating and lifted their target price for the stock from $30.00 to $35.00 in a report on Monday. Seven investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Piper Jaffray downgraded the stock to "Hold" rating in Monday, July 3 report.

In other AeroVironment news, Chairman Timothy E. Conver sold 4,000 shares of the company's stock in a transaction on Tuesday, June 6th. (NASDAQ:AVAV) recently. Director Timothy E. Conver sold 4,000 shares at a price of $30.99 on Wednesday the 21st. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Timothy E. Conver sold 87,577 shares of the business's stock in a transaction dated Monday, April 10th. The stock was sold at an average price of $27.53, for a total transaction of $2,410,994.81. Following the sale, the chairman now directly owns 66,621 shares of the company's stock, valued at approximately $2,114,550.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,577 shares of company stock valued at $3,268,515. Bancshares Of America Corporation De owns 30,726 shares or 0% of their United States portfolio.

AeroVironment, Inc. designs, develops, produces, supports and operates a portfolio of services and products for government agencies, businesses and consumers. The Firm operates through two divisions: Unmanned Aircraft Systems, 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.