Intech Investment Management LLC Boosts Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Intech Investment Management LLC increased its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 136.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,037 shares of the aerospace company's stock after purchasing an additional 20,208 shares during the quarter. Intech Investment Management LLC owned 0.12% of AeroVironment worth $5,392,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Horizon Investments LLC grew its position in shares of AeroVironment by 194.9% during the fourth quarter. Horizon Investments LLC now owns 12,935 shares of the aerospace company's stock worth $1,991,000 after buying an additional 8,549 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of AeroVironment by 8.5% in the 4th quarter. Advisors Asset Management Inc. now owns 25,213 shares of the aerospace company's stock valued at $3,880,000 after purchasing an additional 1,966 shares during the last quarter. Cibc World Markets Corp purchased a new stake in shares of AeroVironment in the 4th quarter valued at approximately $404,000. Corient Private Wealth LLC raised its holdings in shares of AeroVironment by 5.5% in the 4th quarter. Corient Private Wealth LLC now owns 4,466 shares of the aerospace company's stock valued at $687,000 after purchasing an additional 232 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of AeroVironment during the 4th quarter worth $204,000. Hedge funds and other institutional investors own 86.38% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Robert W. Baird lowered their price objective on AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Jefferies Financial Group dropped 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. Finally, William Blair restated an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $202.40.

AeroVironment Stock Performance

Shares of AVAV stock traded down $0.09 during trading hours on Friday, hitting $125.01. The stock had a trading volume of 733,798 shares, compared to its average volume of 390,582. 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 firm has a market capitalization of $3.53 billion, a PE ratio of 71.84 and a beta of 0.42. The stock's 50 day moving average is $156.36 and its 200 day moving average is $178.63. AeroVironment, Inc. has a twelve month low of $110.07 and a twelve month high of $236.60.

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.