AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. reduced its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 15.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 188,575 shares of the aerospace company’s stock after selling 35,736 shares during the quarter. Nikko Asset Management Americas Inc. owned 0.67% of AeroVironment worth $29,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its position in shares of AeroVironment by 0.8% in the fourth quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company’s stock valued at $1,257,000 after purchasing an additional 68 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of AeroVironment by 0.6% during the fourth quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company’s stock valued at $2,711,000 after buying an additional 100 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of AeroVironment by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company’s stock valued at $642,000 after buying an additional 105 shares during the period. Atria Investments Inc lifted its stake in shares of AeroVironment by 7.0% during the fourth quarter. Atria Investments Inc now owns 1,650 shares of the aerospace company’s stock valued at $254,000 after buying an additional 108 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in shares of AeroVironment by 51.0% during the third quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock valued at $79,000 after buying an additional 133 shares during the period. 86.38% of the stock is currently owned by institutional investors and hedge funds.

AeroVironment Stock Performance

NASDAQ:AVAV opened at $129.45 on Monday. The firm’s 50 day moving average is $160.21 and its two-hundred day moving average is $181.14. AeroVironment, Inc. has a fifty-two week low of $110.07 and a fifty-two week high of $236.60. 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 company has a market cap of $3.65 billion, a P/E ratio of 74.40 and a beta of 0.42.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AVAV. William Blair reissued an “outperform” rating on shares of AeroVironment in a research note on Wednesday, March 5th. Jefferies Financial Group reduced their price objective on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, Robert W. Baird reduced their price objective on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $202.40.

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.