11,855 Shares in AeroVironment, Inc. (NASDAQ:AVAV) Purchased by Intellectus Partners LLC

Intellectus Partners LLC bought a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,855 shares of the aerospace company's stock, valued at approximately $1,824,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. grew its holdings in AeroVironment by 29.1% during the 3rd quarter. Baillie Gifford & Co. now owns 1,951,393 shares of the aerospace company's stock valued at $391,254,000 after purchasing an additional 439,717 shares in the last quarter. Raymond James Financial Inc. purchased a new position in AeroVironment in the 4th quarter valued at about $46,789,000. Wellington Management Group LLP grew its stake in shares of AeroVironment by 155.1% during the third quarter. Wellington Management Group LLP now owns 321,479 shares of the aerospace company's stock valued at $64,457,000 after acquiring an additional 195,443 shares in the last quarter. Stephens Investment Management Group LLC increased its position in shares of AeroVironment by 40.0% during the fourth quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company's stock worth $83,338,000 after acquiring an additional 154,703 shares during the last quarter. Finally, Heard Capital LLC increased its position in shares of AeroVironment by 25.5% during the third quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company's stock worth $118,723,000 after acquiring an additional 120,447 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company's stock.

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AeroVironment Stock Performance

Shares of AVAV traded down $2.47 during mid-day trading on Wednesday, hitting $121.53. The stock had a trading volume of 486,033 shares, compared to its average volume of 392,812. AeroVironment, Inc. has a fifty-two week low of $110.07 and a fifty-two week high of $236.60. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.43 billion, a PE ratio of 69.84 and a beta of 0.42. The company's fifty day simple moving average is $162.13 and its two-hundred day simple moving average is $182.36.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Jefferies Financial Group reduced their price target on AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. William Blair reiterated an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Finally, Robert W. Baird dropped their price target on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $202.40.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.