Vanguard Group Inc. increased its stake in AeroVironment, Inc. by 1.5% in the third quarter, acquiring an additional 51,959 shares, bringing its total ownership to 3,530,073 shares valued at over $1.1 billion. Other institutional investors also adjusted their positions, and insider activity shows some share sales. AeroVironment reported mixed quarterly earnings, missing EPS estimates but exceeding revenue expectations, and several analysts have issued “buy” or “overweight” ratings for the company.
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Vanguard Group Inc. Acquires 51,959 Shares of AeroVironment, Inc. $AVAV
Vanguard Group Inc. increased its stake in AeroVironment, Inc. by 1.5% in the third quarter, acquiring an additional 51,959 shares, bringing its total ownership to 3,530,073 shares valued at over $1.1 billion. Other institutional investors also adjusted their positions, and insider activity shows some share sales. AeroVironment reported mixed quarterly earnings, missing EPS estimates but exceeding revenue expectations, and several analysts have issued “buy” or “overweight” ratings for the company.