Charles Schwab Investment Management Inc. Has $40.64 Million Stake in AeroVironment, Inc. (NASDAQ:AVAV)

Charles Schwab Investment Management Inc. grew its stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 264,073 shares of the aerospace company's stock after buying an additional 7,385 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.94% of AeroVironment worth $40,638,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in AeroVironment during the fourth quarter valued at about $101,000. Jones Financial Companies Lllp grew its holdings in AeroVironment by 18.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,093 shares of the aerospace company's stock valued at $168,000 after buying an additional 173 shares during the last quarter. Smartleaf Asset Management LLC increased its position in AeroVironment by 245.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 529 shares of the aerospace company's stock worth $82,000 after buying an additional 376 shares during the period. Tower View Wealth Management LLC lifted its holdings in shares of AeroVironment by 20.8% during the fourth quarter. Tower View Wealth Management LLC now owns 17,476 shares of the aerospace company's stock worth $2,689,000 after buying an additional 3,009 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of AeroVironment by 63.0% in the fourth quarter. Fisher Asset Management LLC now owns 217,806 shares of the aerospace company's stock valued at $33,518,000 after acquiring an additional 84,170 shares during the period. Institutional investors own 86.38% of the company's stock.

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AeroVironment Price Performance

NASDAQ:AVAV traded up $0.88 on Wednesday, reaching $125.67. The stock had a trading volume of 189,829 shares, compared to its average volume of 389,146. 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 capitalization of $3.55 billion, a P/E ratio of 71.81 and a beta of 0.42. AeroVironment, Inc. has a 1-year low of $110.07 and a 1-year high of $236.60. The stock has a fifty day moving average price of $158.68 and a 200-day moving average price of $180.03.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AVAV. Jefferies Financial Group reduced their price target on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. William Blair restated an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. Finally, Robert W. Baird lowered 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. 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.com, AeroVironment presently has a consensus rating of "Buy" and an average target price of $202.40.

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.