Mitsubishi UFJ Trust & Banking Corp Grows Stock Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Mitsubishi UFJ Trust & Banking Corp raised its stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 12.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,942 shares of the aerospace company's stock after purchasing an additional 16,973 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.54% of AeroVironment worth $23,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of AeroVironment during the 4th quarter worth about $46,789,000. Wellington Management Group LLP raised its holdings in AeroVironment by 155.1% during the third quarter. Wellington Management Group LLP now owns 321,479 shares of the aerospace company's stock worth $64,457,000 after purchasing an additional 195,443 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of AeroVironment by 9.4% during the 4th quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company's stock worth $328,598,000 after buying an additional 183,887 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of AeroVironment by 40.0% in the 4th quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company's stock valued at $83,338,000 after buying an additional 154,703 shares in the last quarter. Finally, Heard Capital LLC grew its position in shares of AeroVironment by 25.5% in the 3rd quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company's stock valued at $118,723,000 after buying an additional 120,447 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company's stock.

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Insider Buying and Selling at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $128.20, for a total transaction of $3,764,721.20. Following the transaction, the chief executive officer now owns 115,174 shares in the company, valued at approximately $14,765,306.80. The trade was a 20.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AVAV shares. Jefferies Financial Group decreased their price objective on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Robert W. Baird decreased their target price on AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Finally, William Blair reaffirmed 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, AeroVironment has an average rating of "Buy" and an average price target of $202.40.

AeroVironment Stock Performance

AeroVironment stock traded up $2.60 during mid-day trading on Tuesday, reaching $121.79. 444,391 shares of the company were exchanged, compared to its average volume of 397,220. The firm has a market cap of $3.44 billion, a PE ratio of 69.99 and a beta of 0.42. 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 firm's 50-day simple moving average is $150.30 and its two-hundred day simple moving average is $175.60. 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.