Dynamic Technology Lab Private Ltd Makes New $923,000 Investment in AeroVironment, Inc. (NASDAQ:AVAV)

Dynamic Technology Lab Private Ltd bought a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,002 shares of the aerospace company’s stock, valued at approximately $923,000.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in AeroVironment by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 3,098,822 shares of the aerospace company’s stock valued at $476,878,000 after buying an additional 35,543 shares during the period. Baillie Gifford & Co. boosted its position in AeroVironment by 9.4% during the 4th quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company’s stock valued at $328,598,000 after acquiring an additional 183,887 shares in the last quarter. State Street Corp increased its holdings in shares of AeroVironment by 0.5% in the 3rd quarter. State Street Corp now owns 1,582,871 shares of the aerospace company’s stock valued at $317,366,000 after acquiring an additional 7,471 shares during the period. Geode Capital Management LLC increased its holdings in shares of AeroVironment by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 654,024 shares of the aerospace company’s stock valued at $100,670,000 after acquiring an additional 19,835 shares during the period. Finally, Stephens Investment Management Group LLC lifted its stake in shares of AeroVironment by 40.0% during the 4th quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company’s stock worth $83,338,000 after purchasing an additional 154,703 shares during the last quarter. Institutional investors own 86.38% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Wahid Nawabi sold 29,366 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 115,174 shares of the company’s stock, valued at approximately $14,765,306.80. This represents a 20.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.27% of the company’s stock.

AeroVironment Stock Down 5.1 %

AVAV stock opened at $111.65 on Monday. The stock has a market capitalization of $3.15 billion, a PE ratio of 64.17 and a beta of 0.74. AeroVironment, Inc. has a 52 week low of $100.81 and a 52 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 firm has a 50 day moving average of $146.62 and a 200 day moving average of $174.43.

Analyst Upgrades and Downgrades

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