DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $3.85 Million Position in AeroVironment, Inc. (NASDAQ:AVAV)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 236.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,030 shares of the aerospace company's stock after purchasing an additional 17,594 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.09% of AeroVironment worth $3,852,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CoreCap Advisors LLC boosted its position in shares of AeroVironment by 120.2% during the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock worth $28,000 after buying an additional 101 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of AeroVironment during the fourth quarter worth about $31,000. Colonial Trust Advisors acquired a new position in shares of AeroVironment during the fourth quarter worth about $31,000. Accredited Wealth Management LLC acquired a new position in shares of AeroVironment during the fourth quarter worth about $31,000. Finally, Wilmington Savings Fund Society FSB boosted its position in shares of AeroVironment by 1,515.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company's stock worth $32,000 after buying an additional 197 shares during the period. Institutional investors own 86.38% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. William Blair reissued an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. Raymond James raised AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price target for the company in a research report on Tuesday, April 8th. Jefferies Financial Group reduced their price target on AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Robert W. Baird reduced their price target on AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $190.00 price target on shares of AeroVironment in a research report on Monday. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, AeroVironment has a consensus rating of "Buy" and an average price target of $197.83.

AeroVironment Stock Performance

NASDAQ:AVAV traded up $0.58 on Friday, hitting $166.07. The company's stock had a trading volume of 78,911 shares, compared to its average volume of 410,148. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. The stock has a fifty day moving average of $139.52 and a two-hundred day moving average of $162.60. The firm has a market capitalization of $4.69 billion, a P/E ratio of 95.75 and a beta of 0.80. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $236.60.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the company's stock in a transaction that occurred 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 owns 115,174 shares in the company, valued at $14,765,306.80. This represents a 20.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate 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.