Ardsley Advisory Partners LP Invests $4.23 Million in AeroVironment, Inc. (NASDAQ:AVAV)

Ardsley Advisory Partners LP purchased a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 27,500 shares of the aerospace company's stock, valued at approximately $4,232,000. Ardsley Advisory Partners LP owned 0.10% of AeroVironment as of its most recent filing with the Securities & Exchange Commission.

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

AeroVironment Trading Up 5.2 %

Shares of NASDAQ:AVAV traded up $8.38 on Thursday, hitting $168.39. 210,843 shares of the company's stock were exchanged, compared to its average volume of 410,996. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 96.78 and a beta of 0.80. 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 business's 50 day simple moving average is $135.79 and its two-hundred day simple moving average is $164.75.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AVAV. William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Robert W. Baird cut their price objective on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. 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 report on Wednesday, March 5th. Finally, Raymond James raised shares of AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 target price for the company in a research note on Tuesday, April 8th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $202.00.

Insider Activity

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of AeroVironment stock in a transaction on Monday, March 24th. The stock was sold at an average price of $128.20, for a total transaction of $3,764,721.20. Following the completion of the sale, the chief executive officer now directly owns 115,174 shares of the company's stock, valued at $14,765,306.80. The trade was a 20.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.27% of the company's stock.

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.