Wellington Management Group LLP Has $19.76 Million Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Wellington Management Group LLP decreased its position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 60.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 128,373 shares of the aerospace company's stock after selling 193,106 shares during the quarter. Wellington Management Group LLP owned 0.46% of AeroVironment worth $19,755,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AVAV. Modus Advisors LLC acquired a new stake in shares of AeroVironment during the fourth quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new stake in AeroVironment during the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB raised its position in AeroVironment by 1,515.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 197 shares during the last quarter. Bogart Wealth LLC acquired a new position in AeroVironment in the fourth quarter worth $38,000. Finally, Blue Trust Inc. grew its holdings in shares of AeroVironment by 2,950.0% during the fourth quarter. Blue Trust Inc. now owns 305 shares of the aerospace company's stock worth $47,000 after purchasing an additional 295 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company's stock.

Insider Buying and Selling at AeroVironment

In related news, CEO Wahid Nawabi sold 29,366 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly 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 legal filing with the SEC, which is available at this link. Corporate insiders own 1.27% of the company's stock.

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AeroVironment Trading Up 5.3 %

Shares of AVAV traded up $7.36 on Friday, reaching $146.33. 513,277 shares of the company's stock were exchanged, compared to its average volume of 409,991. The business has a 50 day moving average price of $140.26 and a two-hundred day moving average price of $171.69. AeroVironment, Inc. has a 12 month low of $102.25 and a 12 month high of $236.60. The stock has a market capitalization of $4.13 billion, a P/E ratio of 84.10 and a beta of 0.74. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AVAV. William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a report on Wednesday, March 5th. Jefferies Financial Group reduced their target price on shares of AeroVironment from $230.00 to $190.00 and set a "buy" 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 target on the stock in a research note on Tuesday. Finally, Robert W. Baird dropped their price objective on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a research report 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 company. According to data from MarketBeat, AeroVironment has an average rating of "Buy" and an average target price of $202.00.

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.