Blair William & Co. IL Purchases 16,576 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Blair William & Co. IL increased its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 160.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,901 shares of the aerospace company's stock after acquiring an additional 16,576 shares during the quarter. Blair William & Co. IL owned approximately 0.10% of AeroVironment worth $4,140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AVAV. Cerity Partners LLC boosted its holdings in shares of AeroVironment by 28.5% in the 3rd quarter. Cerity Partners LLC now owns 2,225 shares of the aerospace company's stock worth $446,000 after buying an additional 494 shares during the last quarter. Glenmede Trust Co. NA bought a new stake in AeroVironment in the third quarter worth about $229,000. Rockefeller Capital Management L.P. boosted its stake in AeroVironment by 50.1% in the third quarter. Rockefeller Capital Management L.P. now owns 64,810 shares of the aerospace company's stock valued at $12,994,000 after acquiring an additional 21,643 shares during the last quarter. Benjamin Edwards Inc. bought a new position in shares of AeroVironment during the 3rd quarter valued at approximately $658,000. Finally, Centiva Capital LP purchased a new stake in shares of AeroVironment during the 3rd quarter worth approximately $582,000. Hedge funds and other institutional investors own 86.38% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on AVAV shares. Robert W. Baird reduced their price objective on AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. 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 research report on Wednesday, March 5th. Finally, William Blair restated an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $202.40.

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AeroVironment Price Performance

Shares of AeroVironment stock traded down $5.94 on Friday, hitting $111.65. 561,300 shares of the company traded hands, compared to its average volume of 400,038. AeroVironment, Inc. has a 12-month low of $110.07 and a 12-month high of $236.60. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.15 billion, a P/E ratio of 64.17 and a beta of 0.74. The firm's 50-day simple moving average is $146.62 and its 200 day simple moving average is $174.43.

Insider Transactions at AeroVironment

In other news, CEO Wahid Nawabi sold 29,366 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $128.20, for a total value of $3,764,721.20. Following the completion of the sale, the chief executive officer now owns 115,174 shares of the company's stock, valued at approximately $14,765,306.80. This represents a 20.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.27% of the company's stock.

AeroVironment 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.