BlackRock Amends AeroVironment Stake to 7.8% as of Dec 31, 2023
Ticker: AVAV · Form: SC 13G/A · Filed: Jan 22, 2024
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its AeroVironment stake to 7.8% as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 22, 2024, reporting its ownership in AeroVironment Inc. As of December 31, 2023, BlackRock beneficially owned 2,058,846 shares of AeroVironment's Common Stock, representing 7.8% of the company. This is an update to their previous filing, indicating a change in their holding percentage, which matters to investors as BlackRock is a major institutional investor and changes in their stake can signal their confidence in the stock.
Why It Matters
This filing shows BlackRock, a major institutional investor, has adjusted its stake in AeroVironment, which can influence market perception and potentially stock price due to their significant holding.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate high-risk events for the company.
Analyst Insight
Investors should note BlackRock's continued significant, albeit adjusted, stake in AeroVironment, which suggests ongoing institutional interest. Monitor future 13G/A filings for further changes in their position, as large institutional movements can sometimes precede broader market sentiment shifts.
Key Numbers
- 2,058,846 — Shares Beneficially Owned (This is the total number of AeroVironment shares BlackRock Inc. reported owning.)
- 7.8% — Percentage of Class Owned (This represents BlackRock Inc.'s total ownership stake in AeroVironment Inc. common stock.)
- December 31, 2023 — Reporting Date (This is the specific date for which the ownership data is being reported in the filing.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- AeroVironment Inc. (company) — the subject company whose securities are being reported
- 2,058,846 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 7.8% (dollar_amount) — percentage of class beneficially owned by BlackRock Inc.
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- BlackRock will maintain a significant institutional stake in AeroVironment Inc. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
Who filed this SC 13G/A amendment?
BlackRock Inc. filed this SC 13G/A amendment, as indicated in the 'FILED BY' section and 'Names of reporting persons' on the cover page.
What company's stock is the subject of this filing?
The subject company is AeroVironment Inc., as stated under 'SUBJECT COMPANY' and 'Name of Issuer' on the cover page and Schedule 13G.
What was BlackRock Inc.'s beneficial ownership percentage in AeroVironment Inc. as of the reporting date?
As of December 31, 2023, BlackRock Inc. beneficially owned 7.8% of AeroVironment Inc.'s Common Stock, as reported on the cover page and in the filing details.
How many shares of AeroVironment Inc. Common Stock did BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owned 2,058,846 shares of AeroVironment Inc. Common Stock, according to the filing details.
What was the CUSIP number for the securities reported in this filing?
The CUSIP number for the Common Stock of AeroVironment Inc. is 008073108, as listed on the cover page of the Schedule 13G.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding AeroVironment Inc (AVAV).