Tidal Investments LLC Has $208,000 Position in AeroVironment, Inc. (NASDAQ:AVAV)

Tidal Investments LLC reduced its position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 81.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,349 shares of the aerospace company's stock after selling 6,102 shares during the period. Tidal Investments LLC's holdings in AeroVironment were worth $208,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Redwood Investments LLC lifted its position in shares of AeroVironment by 0.7% during the 4th quarter. Redwood Investments LLC now owns 9,273 shares of the aerospace company's stock worth $1,427,000 after buying an additional 66 shares during the last quarter. Arizona State Retirement System raised its stake in AeroVironment by 0.8% during the fourth 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 in the last quarter. New York State Teachers Retirement System lifted its holdings 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 acquiring an additional 100 shares during the last quarter. CoreCap Advisors LLC boosted 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 in the last quarter. Finally, Atria Investments Inc boosted its stake in shares of AeroVironment by 7.0% in the 4th quarter. Atria Investments Inc now owns 1,650 shares of the aerospace company's stock valued at $254,000 after purchasing an additional 108 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AVAV shares. Royal Bank of Canada reiterated an "outperform" rating and set a $190.00 price objective on shares of AeroVironment in a research report on Monday, May 12th. William Blair reiterated an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Robert W. Baird cut their price objective on AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. Wall Street Zen cut AeroVironment from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Raymond James raised 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. One research analyst has rated the stock with a sell rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, AeroVironment presently has an average rating of "Buy" and a consensus target price of $197.83.

AeroVironment Trading Down 1.4%

Shares of AVAV stock traded down $2.68 on Wednesday, hitting $183.48. The company had a trading volume of 718,150 shares, compared to its average volume of 427,420. 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 quick ratio of 3.36 and a current ratio of 4.61. The firm has a market cap of $5.18 billion, a P/E ratio of 105.45 and a beta of 0.81. The stock's 50-day moving average is $152.81 and its two-hundred day moving average is $158.28.

Insiders Place Their Bets

In other news, CEO Wahid Nawabi sold 29,366 shares of AeroVironment stock in a transaction on Monday, March 24th. The shares were sold at an average price of $128.20, for a total value of $3,764,721.20. Following the completion of the sale, the chief executive officer now owns 115,174 shares in the company, valued at $14,765,306.80. The trade was a 20.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.27% of the company's stock.

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.