Cetera Investment Advisers Buys 2,103 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Cetera Investment Advisers boosted its stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 98.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,246 shares of the aerospace company's stock after purchasing an additional 2,103 shares during the quarter. Cetera Investment Advisers' holdings in AeroVironment were worth $653,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Centiva Capital LP boosted its stake in shares of AeroVironment by 183.3% in the fourth quarter. Centiva Capital LP now owns 8,224 shares of the aerospace company's stock valued at $1,266,000 after purchasing an additional 5,321 shares during the period. Brevan Howard Capital Management LP raised its holdings in shares of AeroVironment by 232.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 3,830 shares of the aerospace company's stock worth $589,000 after purchasing an additional 2,677 shares during the period. Captrust Financial Advisors raised its holdings in shares of AeroVironment by 90.2% during the fourth quarter. Captrust Financial Advisors now owns 6,137 shares of the aerospace company's stock worth $944,000 after purchasing an additional 2,910 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of AeroVironment during the fourth quarter worth $599,000. Finally, Baird Financial Group Inc. bought a new position in shares of AeroVironment during the fourth quarter worth about $2,019,000. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

AeroVironment Price Performance

Shares of AeroVironment stock traded down $1.76 during trading on Wednesday, reaching $176.38. The company's stock had a trading volume of 492,432 shares, compared to its average volume of 417,206. The stock has a 50-day moving average price of $146.42 and a two-hundred day moving average price of $159.38. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $236.60. The stock has a market capitalization of $4.98 billion, a P/E ratio of 101.37 and a beta of 0.80.

Insider Buying and Selling

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 115,174 shares of the company's stock, valued at $14,765,306.80. This represents a 20.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AVAV shares. Wall Street Zen lowered shares of AeroVironment from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. William Blair reiterated an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. Robert W. Baird decreased their target price on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Royal Bank of Canada reiterated an "outperform" rating and issued a $190.00 target price on shares of AeroVironment in a research report on Monday, May 12th. Finally, Jefferies Financial Group decreased their target price on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. One research 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.com, the stock presently has a consensus rating of "Buy" and an average target price of $197.83.

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.