AeroVironment, Inc. (NASDAQ:AVAV) Stake Boosted by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 219.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,481 shares of the aerospace company's stock after acquiring an additional 2,391 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in AeroVironment were worth $536,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Modus Advisors LLC purchased a new position in shares of AeroVironment during the fourth quarter worth about $31,000. Golden State Wealth Management LLC purchased a new position in AeroVironment during the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB increased its position in AeroVironment by 1,515.4% during the fourth 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. Bogart Wealth LLC acquired a new position in AeroVironment during the fourth quarter worth approximately $38,000. Finally, Blue Trust Inc. lifted its stake in AeroVironment by 2,950.0% in the fourth quarter. Blue Trust Inc. now owns 305 shares of the aerospace company's stock valued at $47,000 after buying an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company's stock.

AeroVironment Trading Up 4.3 %

Shares of NASDAQ:AVAV traded up $5.23 during trading on Wednesday, reaching $127.02. 87,552 shares of the stock were exchanged, compared to its average volume of 396,030. The firm's 50-day moving average price is $150.30 and its 200 day moving average price is $175.60. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 72.53 and a beta of 0.42. AeroVironment, Inc. has a 12-month low of $110.07 and a 12-month high of $236.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. William Blair reiterated an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. 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 research note on Wednesday, March 5th. Finally, Jefferies Financial Group reduced their price objective on AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $202.40.

Insider Transactions at AeroVironment

In related news, CEO Wahid Nawabi sold 29,366 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $128.20, for a total value of $3,764,721.20. Following the completion of the transaction, the chief executive officer now owns 115,174 shares of the company's stock, valued at approximately $14,765,306.80. This represents a 20.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.27% of the company's stock.

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.