AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 26.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,845 shares of the aerospace company's stock after selling 3,527 shares during the period. Sei Investments Co.'s holdings in AeroVironment were worth $1,515,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AVAV. Raymond James Financial Inc. acquired a new stake in AeroVironment in the fourth quarter valued at $46,789,000. Wellington Management Group LLP raised its stake in shares of AeroVironment by 155.1% during the 3rd quarter. Wellington Management Group LLP now owns 321,479 shares of the aerospace company's stock worth $64,457,000 after buying an additional 195,443 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of AeroVironment by 9.4% in 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 in the last quarter. Stephens Investment Management Group LLC grew its stake in 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 acquiring an additional 154,703 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in AeroVironment by 63.0% in the 4th quarter. Fisher Asset Management LLC now owns 217,806 shares of the aerospace company's stock valued at $33,518,000 after acquiring an additional 84,170 shares during the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of AeroVironment stock in a transaction on Monday, March 24th. The shares were 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 $14,765,306.80. This trade represents a 20.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.27% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on AVAV. Raymond James raised shares of AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price target on the stock in a report on Tuesday. Robert W. Baird lowered their target price on AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. Jefferies Financial Group reduced their price objective on AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Finally, William Blair reiterated an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $202.00.

AeroVironment Trading Up 5.3 %

AeroVironment stock traded up $7.36 during trading on Friday, hitting $146.33. The company's stock had a trading volume of 513,277 shares, compared to its average volume of 409,991. The stock's fifty day moving average is $140.26 and its 200 day moving average is $171.69. AeroVironment, Inc. has a 1-year low of $102.25 and a 1-year high of $236.60. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 84.10 and a beta of 0.74. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61.

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.