AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lowered its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 45,956 shares of the aerospace company’s stock after selling 330 shares during the period. Congress Wealth Management LLC DE’s holdings in AeroVironment were worth $7,072,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quest Partners LLC purchased a new position in AeroVironment during the 3rd quarter worth approximately $262,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of AeroVironment by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 256,688 shares of the aerospace company’s stock valued at $51,466,000 after acquiring an additional 9,921 shares during the period. Citigroup Inc. grew its position in shares of AeroVironment by 25.9% during the third quarter. Citigroup Inc. now owns 72,232 shares of the aerospace company’s stock worth $14,483,000 after acquiring an additional 14,874 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of AeroVironment by 28.5% in the 3rd quarter. Cerity Partners LLC now owns 2,225 shares of the aerospace company’s stock valued at $446,000 after acquiring an additional 494 shares during the period. Finally, Penserra Capital Management LLC raised its position in AeroVironment by 87.1% in the 3rd quarter. Penserra Capital Management LLC now owns 8,580 shares of the aerospace company’s stock valued at $1,720,000 after purchasing an additional 3,995 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

AVAV has been the topic of several research reports. 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. William Blair reissued an “outperform” rating on shares of AeroVironment in a report on Wednesday, March 5th. Finally, Jefferies Financial Group dropped their price target on AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. One equities 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 stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $202.40.

AeroVironment Stock Up 2.0 %

AVAV stock opened at $131.20 on Wednesday. AeroVironment, Inc. has a one year low of $110.07 and a one year high of $236.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. The company has a fifty day moving average of $155.02 and a 200-day moving average of $177.80. The stock has a market capitalization of $3.70 billion, a PE ratio of 75.40 and a beta of 0.42.

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.