Chesapeake Capital Corp IL Sells 1,465 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Chesapeake Capital Corp IL decreased its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 52.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,349 shares of the aerospace company’s stock after selling 1,465 shares during the period. Chesapeake Capital Corp IL’s holdings in AeroVironment were worth $208,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Modus Advisors LLC purchased a new stake in shares of AeroVironment in the 4th quarter valued at $31,000. Golden State Wealth Management LLC purchased a new stake in shares of AeroVironment in the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB boosted its stake in shares of 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 in the last quarter. Bogart Wealth LLC purchased a new stake in shares of AeroVironment in the 4th quarter valued at $38,000. Finally, Blue Trust Inc. boosted its stake in shares of AeroVironment by 2,950.0% in the 4th quarter. Blue Trust Inc. now owns 305 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 295 shares in the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

AeroVironment Trading Down 0.8 %

Shares of AVAV opened at $124.79 on Wednesday. The stock has a market capitalization of $3.52 billion, a P/E ratio of 71.72 and a beta of 0.42. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. The firm has a fifty day simple moving average of $158.68 and a two-hundred day simple moving average of $180.03. AeroVironment, Inc. has a twelve month low of $110.07 and a twelve month high of $236.60.

Wall Street Analyst Weigh In

AVAV has been the subject of a number of research reports. Jefferies Financial Group cut 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. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research note on Wednesday, March 5th. Finally, Robert W. Baird dropped their price target 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. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $202.40.

AeroVironment 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.