Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 31,657 AeroVironment, Inc. (NASDAQ:AVAV)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,657 shares of the aerospace company's stock, valued at approximately $4,872,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of AeroVironment at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CoreCap Advisors LLC lifted its stake in shares of AeroVironment by 120.2% in the 4th quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 101 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of AeroVironment in the 4th quarter valued at approximately $31,000. Colonial Trust Advisors bought a new stake in shares of AeroVironment in the 4th quarter valued at approximately $31,000. Accredited Wealth Management LLC bought a new stake in shares of AeroVironment in the 4th quarter valued at approximately $31,000. Finally, Wilmington Savings Fund Society FSB raised its holdings in shares of AeroVironment by 1,515.4% in 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. 86.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Wahid Nawabi sold 29,366 shares of the 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 completion of the transaction, the chief executive officer now directly owns 115,174 shares in the company, valued at approximately $14,765,306.80. This represents a 20.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AVAV shares. Robert W. Baird reduced their price target on AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. Jefferies Financial Group dropped their target price on AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock 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 price target on the stock in a research note on Tuesday, April 8th. William Blair reiterated an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Finally, Wall Street Zen cut AeroVironment from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, AeroVironment presently has an average rating of "Buy" and an average target price of $197.83.

AeroVironment Price Performance

Shares of NASDAQ:AVAV traded up $3.11 during midday trading on Thursday, hitting $186.59. The company had a trading volume of 723,587 shares, compared to its average volume of 429,341. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 107.24 and a beta of 0.81. AeroVironment, Inc. has a twelve month low of $102.25 and a twelve month high of $236.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. The business's 50-day simple moving average is $154.16 and its 200-day simple moving average is $158.21.

About AeroVironment

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.