Vanguard Group Inc. Buys 35,543 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Vanguard Group Inc. boosted its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,098,822 shares of the aerospace company's stock after purchasing an additional 35,543 shares during the period. Vanguard Group Inc. owned about 10.99% of AeroVironment worth $476,878,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

AVAV has been the subject of several recent research reports. Robert W. Baird cut their target price on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. William Blair reissued an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group decreased their target price on AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $202.40.

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AeroVironment Price Performance

AeroVironment stock traded down $9.25 during mid-day trading on Thursday, hitting $117.59. The stock had a trading volume of 376,863 shares, compared to its average volume of 398,115. AeroVironment, Inc. has a one year low of $110.07 and a one year 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 firm has a market capitalization of $3.32 billion, a P/E ratio of 67.58 and a beta of 0.42. The firm's 50 day moving average is $147.99 and its 200 day moving average is $174.86.

Insider Transactions at AeroVironment

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

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.