9,816 Shares in AeroVironment, Inc. (NASDAQ:AVAV) Bought by Clare Market Investments LLC

Clare Market Investments LLC acquired a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,816 shares of the aerospace company's stock, valued at approximately $1,511,000.

A number of other institutional investors also recently bought and sold shares of AVAV. Daiwa Securities Group Inc. increased its stake in AeroVironment by 90.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 28,367 shares of the aerospace company's stock worth $4,365,000 after acquiring an additional 13,483 shares during the last quarter. Moran Wealth Management LLC increased its position in shares of AeroVironment by 5.4% during the 4th quarter. Moran Wealth Management LLC now owns 3,847 shares of the aerospace company's stock worth $592,000 after purchasing an additional 196 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in AeroVironment by 13.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,325 shares of the aerospace company's stock valued at $819,000 after buying an additional 625 shares during the period. Intellectus Partners LLC acquired a new position in AeroVironment in the fourth quarter valued at about $1,824,000. Finally, PNC Financial Services Group Inc. boosted its stake in AeroVironment by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,782 shares of the aerospace company's stock worth $582,000 after buying an additional 156 shares during the period. 86.38% of the stock is owned by hedge funds and other institutional investors.

AeroVironment Stock Up 2.0 %

Shares of NASDAQ:AVAV traded up $2.46 during trading on Thursday, hitting $123.99. The company's stock had a trading volume of 409,294 shares, compared to its average volume of 393,249. AeroVironment, Inc. has a fifty-two week low of $110.07 and a fifty-two week high of $236.60. The business has a 50 day moving average price of $161.49 and a two-hundred day moving average price of $181.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. The company has a market capitalization of $3.50 billion, a PE ratio of 71.26 and a beta of 0.42.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group reduced their price target on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. William Blair restated an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Finally, Robert W. Baird dropped their price objective on 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 company. According to MarketBeat.com, AeroVironment currently has an average 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.