Emerald Mutual Fund Advisers Trust Sells 34,111 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Emerald Mutual Fund Advisers Trust lessened its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 20.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,828 shares of the aerospace company's stock after selling 34,111 shares during the quarter. AeroVironment accounts for about 1.2% of Emerald Mutual Fund Advisers Trust's investment portfolio, making the stock its 25th largest position. Emerald Mutual Fund Advisers Trust owned 0.46% of AeroVironment worth $19,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System boosted its position in AeroVironment by 0.8% in the 4th quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company's stock valued at $1,257,000 after buying an additional 68 shares during the last quarter. New York State Teachers Retirement System increased its position in AeroVironment by 0.6% in the fourth quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company's stock worth $2,711,000 after purchasing an additional 100 shares during the period. Exchange Traded Concepts LLC raised its holdings in AeroVironment by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company's stock worth $642,000 after purchasing an additional 105 shares during the last quarter. Atria Investments Inc lifted its position in AeroVironment by 7.0% during the 4th quarter. Atria Investments Inc now owns 1,650 shares of the aerospace company's stock valued at $254,000 after purchasing an additional 108 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its stake in shares of AeroVironment by 0.7% in the 4th quarter. OneDigital Investment Advisors LLC now owns 14,879 shares of the aerospace company's stock valued at $2,290,000 after purchasing an additional 109 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.

AeroVironment Price Performance

AVAV traded up $3.69 on Thursday, hitting $155.21. 386,338 shares of the stock were exchanged, compared to its average volume of 412,317. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. AeroVironment, Inc. has a 12 month low of $102.25 and a 12 month high of $236.60. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 89.20 and a beta of 0.74. The business has a 50-day moving average of $135.15 and a two-hundred day moving average of $166.32.

Insider Transactions at AeroVironment

In related news, CEO Wahid Nawabi sold 29,366 shares of AeroVironment stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $128.20, for a total transaction of $3,764,721.20. Following the sale, the chief executive officer now directly owns 115,174 shares in the company, valued at $14,765,306.80. This trade represents a 20.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.27% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AVAV. William Blair reissued an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Raymond James upgraded AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 target price on the stock in a report on Tuesday, April 8th. Jefferies Financial Group decreased their target price on AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a research report 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. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $202.00.

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.