Rockefeller Capital Management L.P. Sells 10,755 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Rockefeller Capital Management L.P. trimmed its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,055 shares of the aerospace company's stock after selling 10,755 shares during the quarter. Rockefeller Capital Management L.P. owned 0.19% of AeroVironment worth $8,319,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Modus Advisors LLC purchased a new stake in shares of AeroVironment in the fourth quarter worth $31,000. Golden State Wealth Management LLC bought a new position in AeroVironment in the 4th quarter worth about $31,000. Colonial Trust Advisors purchased a new stake in shares of AeroVironment in the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB boosted its position in shares of AeroVironment by 1,515.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 197 shares during the last quarter. Finally, Bogart Wealth LLC purchased a new position in shares of AeroVironment during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 86.38% of the company's stock.

AeroVironment Trading Up 4.1 %

Shares of AeroVironment stock traded up $5.98 during trading on Tuesday, reaching $150.18. The company's stock had a trading volume of 420,399 shares, compared to its average volume of 413,966. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a 52-week low of $102.25 and a 52-week high of $236.60. The firm's 50-day moving average is $135.94 and its two-hundred day moving average is $168.89. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 86.31 and a beta of 0.74.

Insiders Place Their Bets

In other news, CEO Wahid Nawabi sold 29,366 shares of AeroVironment 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Robert W. Baird lowered their price objective on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 5th. Raymond James raised shares of AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price objective for the company in a report on Tuesday, April 8th. Finally, Jefferies Financial Group reduced their target price on AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $202.00.

About AeroVironment

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.