Cary Street Partners Financial LLC Buys Shares of 3,895 AeroVironment, Inc. (NASDAQ:AVAV)

Cary Street Partners Financial LLC bought a new stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,895 shares of the aerospace company's stock, valued at approximately $599,000.

Other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System raised its holdings in shares of 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 during the last quarter. New York State Teachers Retirement System raised its stake in shares of 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 last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of AeroVironment by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company's stock valued at $642,000 after purchasing an additional 105 shares in the last quarter. Atria Investments Inc boosted its position 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 last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in AeroVironment by 0.7% during the fourth 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. 86.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. William Blair restated an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Robert W. Baird dropped their price target on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a research report 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 for the company in a research report on Wednesday, March 5th. Finally, Raymond James upgraded shares of AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price objective for the company in a research note on Tuesday, April 8th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, AeroVironment presently has an average rating of "Buy" and a consensus target price of $202.00.

AeroVironment Stock Performance

AVAV traded down $2.60 during trading on Friday, hitting $165.78. 368,198 shares of the company traded hands, compared to its average volume of 411,454. The firm has a market cap of $4.68 billion, a P/E ratio of 95.28 and a beta of 0.80. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $236.60. The stock's fifty day moving average is $136.79 and its 200 day moving average is $163.33.

Insider Transactions at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the business's 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 sale, the chief executive officer now directly owns 115,174 shares in the company, valued at $14,765,306.80. The trade was a 20.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.27% of the stock is currently owned by company insiders.

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.