Voya Investment Management LLC Boosts Stock Position in AeroVironment, Inc. (NASDAQ:AVAV)

Voya Investment Management LLC boosted its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 1,159.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,598 shares of the aerospace company's stock after purchasing an additional 129,431 shares during the quarter. Voya Investment Management LLC owned about 0.50% of AeroVironment worth $21,637,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AVAV. Arizona State Retirement System lifted its holdings in shares of AeroVironment by 0.8% in the 4th quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company's stock valued at $1,257,000 after acquiring an additional 68 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of AeroVironment by 0.6% in the 4th quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company's stock valued at $2,711,000 after purchasing an additional 100 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of AeroVironment by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company's stock worth $642,000 after purchasing an additional 105 shares during the period. Atria Investments Inc increased its position in shares of AeroVironment by 7.0% during the 4th quarter. Atria Investments Inc now owns 1,650 shares of the aerospace company's stock valued at $254,000 after purchasing an additional 108 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in AeroVironment by 0.7% during the 4th quarter. OneDigital Investment Advisors LLC now owns 14,879 shares of the aerospace company's stock valued at $2,290,000 after buying an additional 109 shares during the period. Institutional investors own 86.38% of the company's stock.

Analyst Upgrades and Downgrades

AVAV has been the subject of several recent analyst reports. Jefferies Financial Group dropped 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 cut their price target on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. William Blair reissued an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Finally, Raymond James upgraded AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 target price for the company in a research report on Tuesday, April 8th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, AeroVironment has an average rating of "Buy" and an average target price of $202.00.

AeroVironment Price Performance

AeroVironment stock opened at $149.59 on Friday. 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 stock has a market cap of $4.22 billion, a price-to-earnings ratio of 85.97 and a beta of 0.74. The firm has a 50-day moving average of $135.45 and a two-hundred day moving average of $167.67. AeroVironment, Inc. has a 1 year low of $102.25 and a 1 year high of $236.60.

Insider Activity at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of AeroVironment stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 115,174 shares of the company's stock, valued at $14,765,306.80. The trade was a 20.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.27% of the stock is owned by company insiders.

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.

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