AeroVironment, Inc. (NASDAQ:AVAV) Shares Bought by Centiva Capital LP

Centiva Capital LP grew its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 183.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,224 shares of the aerospace company's stock after acquiring an additional 5,321 shares during the period. Centiva Capital LP's holdings in AeroVironment were worth $1,266,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on AVAV shares. Robert W. Baird cut their price target 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. Raymond James upgraded shares of 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. William Blair reissued an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $190.00 target price on shares of AeroVironment in a report on Monday. Finally, Jefferies Financial Group reduced their price target 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. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, AeroVironment presently has a consensus rating of "Buy" and an average price target of $197.83.

Insider Buying and Selling

In other news, CEO Wahid Nawabi sold 29,366 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 115,174 shares of the company's stock, valued at approximately $14,765,306.80. The trade was a 20.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.27% of the stock is owned by company insiders.

AeroVironment Stock Up 1.0%

AeroVironment stock traded up $1.66 during midday trading on Monday, hitting $167.13. 477,082 shares of the company's stock were exchanged, compared to its average volume of 411,717. AeroVironment, Inc. has a 12 month low of $102.25 and a 12 month high of $236.60. The company has a market cap of $4.72 billion, a PE ratio of 96.05 and a beta of 0.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. The firm has a 50-day moving average of $136.79 and a two-hundred day moving average of $163.33.

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.