AeroVironment, Inc. (NASDAQ:AVAV) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL grew its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 160.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,901 shares of the aerospace company’s stock after acquiring an additional 16,576 shares during the quarter. Blair William & Co. IL owned about 0.10% of AeroVironment worth $4,140,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Cerity Partners LLC boosted its position in shares of AeroVironment by 28.5% during the third quarter. Cerity Partners LLC now owns 2,225 shares of the aerospace company’s stock worth $446,000 after buying an additional 494 shares during the period. Glenmede Trust Co. NA acquired a new position in AeroVironment during the 3rd quarter worth $229,000. Rockefeller Capital Management L.P. grew its stake in shares of AeroVironment by 50.1% in the third quarter. Rockefeller Capital Management L.P. now owns 64,810 shares of the aerospace company’s stock worth $12,994,000 after purchasing an additional 21,643 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in shares of AeroVironment during the third quarter valued at $658,000. Finally, Centiva Capital LP bought a new stake in shares of AeroVironment during the third quarter valued at about $582,000. Institutional investors own 86.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Jefferies Financial Group lowered their target price 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. William Blair restated an “outperform” rating on shares of AeroVironment in a report on Wednesday, March 5th. Finally, Robert W. Baird decreased their target price on AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $202.40.

Insider Buying and Selling

In other news, CEO Wahid Nawabi sold 29,366 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $128.20, for a total value of $3,764,721.20. Following the completion of the sale, the chief executive officer now owns 115,174 shares in the company, valued at $14,765,306.80. This represents a 20.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.27% of the company’s stock.

AeroVironment Stock Performance

Shares of AVAV opened at $119.19 on Tuesday. AeroVironment, Inc. has a one year low of $110.07 and a one year high of $236.60. The company has a 50-day moving average of $151.41 and a two-hundred day moving average of $176.10. 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 $3.36 billion, a price-to-earnings ratio of 68.50 and a beta of 0.42.

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.