Barclays PLC Purchases 86,932 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Barclays PLC increased its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 151.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 144,177 shares of the aerospace company's stock after purchasing an additional 86,932 shares during the period. Barclays PLC owned 0.51% of AeroVironment worth $22,188,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Modus Advisors LLC bought a new stake in AeroVironment during the fourth quarter worth about $31,000. Golden State Wealth Management LLC bought a new position in shares of AeroVironment during the fourth quarter worth about $31,000. Colonial Trust Advisors acquired a new stake in shares of AeroVironment during the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB grew its position in shares of AeroVironment by 1,515.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company's stock worth $32,000 after buying an additional 197 shares during the period. Finally, Bogart Wealth LLC acquired a new stake in shares of AeroVironment in the 4th quarter valued at about $38,000. 86.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Wahid Nawabi sold 29,366 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 115,174 shares of the company's stock, valued at approximately $14,765,306.80. This trade represents a 20.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.27% of the stock is currently owned by company insiders.

AeroVironment Stock Up 4.1 %

NASDAQ:AVAV traded up $5.98 during mid-day trading on Tuesday, hitting $150.18. 420,399 shares of the company's stock were exchanged, compared to its average volume of 413,966. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $236.60. The company has a market cap of $4.24 billion, a PE ratio of 86.31 and a beta of 0.74. The business has a fifty day moving average price of $135.94 and a 200 day moving average price of $168.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36.

Analyst Ratings Changes

AVAV has been the topic of several analyst reports. Jefferies Financial Group cut their price target on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Robert W. Baird decreased their price target on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. Raymond James upgraded AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price objective on the stock in a report on Tuesday, April 8th. Finally, William Blair reiterated an "outperform" rating on shares of AeroVironment in a report on Wednesday, March 5th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, AeroVironment has a consensus rating of "Buy" and an average price target of $202.00.

About AeroVironment

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.