Emerald Advisers LLC Sells 3,656 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Emerald Advisers LLC trimmed its stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 1.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,010 shares of the aerospace company's stock after selling 3,656 shares during the period. AeroVironment accounts for approximately 1.3% of Emerald Advisers LLC's holdings, making the stock its 22nd largest position. Emerald Advisers LLC owned about 0.76% of AeroVironment worth $32,934,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AVAV. Quest Partners LLC bought a new position in shares of AeroVironment in the third quarter worth about $262,000. Avior Wealth Management LLC raised its stake in AeroVironment by 51.0% during the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company's stock worth $79,000 after acquiring an additional 133 shares during the period. Intech Investment Management LLC raised its stake in AeroVironment by 129.2% during the 3rd quarter. Intech Investment Management LLC now owns 14,829 shares of the aerospace company's stock worth $2,973,000 after acquiring an additional 8,358 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in AeroVironment by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 256,688 shares of the aerospace company's stock valued at $51,466,000 after purchasing an additional 9,921 shares in the last quarter. Finally, Citigroup Inc. boosted its position in shares of AeroVironment by 25.9% in the third quarter. Citigroup Inc. now owns 72,232 shares of the aerospace company's stock worth $14,483,000 after purchasing an additional 14,874 shares during the period. 86.38% of the stock is owned by institutional investors.

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AeroVironment Price Performance

Shares of AeroVironment stock traded up $2.51 during trading on Tuesday, reaching $131.20. 318,006 shares of the stock traded hands, compared to its average volume of 390,156. AeroVironment, Inc. has a 52-week low of $110.07 and a 52-week high of $236.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. The business has a fifty day simple moving average of $155.69 and a two-hundred day simple moving average of $178.14. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 75.40 and a beta of 0.42.

Wall Street Analysts Forecast Growth

AVAV has been the topic of a number of analyst reports. Robert W. Baird lowered their target price on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" 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 report on Wednesday, March 5th. Finally, Jefferies Financial Group dropped their price objective on AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. One 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $202.40.

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.