AeroVironment, Inc. (NASDAQ:AVAV) Shares Bought by Vident Advisory LLC

Vident Advisory LLC lifted its holdings in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 31.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,022 shares of the aerospace company's stock after buying an additional 4,573 shares during the quarter. Vident Advisory LLC owned approximately 0.07% of AeroVironment worth $2,927,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AVAV. CoreCap Advisors LLC lifted its position in shares of AeroVironment by 120.2% in the 4th 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 last quarter. Golden State Wealth Management LLC bought a new stake in AeroVironment in the 4th quarter valued at about $31,000. Colonial Trust Advisors bought a new stake in AeroVironment in the 4th quarter valued at about $31,000. Accredited Wealth Management LLC bought a new stake in AeroVironment in the 4th quarter valued at about $31,000. Finally, Wilmington Savings Fund Society FSB lifted its position in AeroVironment by 1,515.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 197 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wall Street Zen downgraded shares of AeroVironment from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Robert W. Baird cut their price objective 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 cut their price objective on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Royal Bank of Canada reiterated an "outperform" rating and issued a $190.00 price objective on shares of AeroVironment in a research report on Monday, May 12th. Finally, William Blair reiterated an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $197.83.

AeroVironment Price Performance

AeroVironment stock traded up $6.67 during trading hours on Tuesday, hitting $175.74. 158,046 shares of the company traded hands, compared to its average volume of 415,484. The firm has a market cap of $4.96 billion, a P/E ratio of 101.14 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. The firm's 50-day simple moving average is $145.35 and its two-hundred day simple moving average is $159.25. AeroVironment, Inc. has a 1-year low of $102.25 and a 1-year high of $236.60.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the firm'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. This trade represents a 20.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.27% of the stock is owned by corporate insiders.

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.