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

Cetera Investment Advisers increased its holdings in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 98.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,246 shares of the aerospace company's stock after acquiring 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 Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new stake in shares of AeroVironment during the 4th quarter valued at about $31,000. Colonial Trust Advisors purchased a new position in AeroVironment during the fourth quarter valued at approximately $31,000. Accredited Wealth Management LLC purchased a new position in AeroVironment during the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB lifted its holdings in AeroVironment by 1,515.4% during the fourth 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 in the last quarter. Finally, Bogart Wealth LLC purchased a new position in AeroVironment during the fourth quarter valued at approximately $38,000. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Price Performance

AeroVironment stock traded up $0.85 during mid-day trading on Friday, reaching $173.34. 42,268 shares of the company's stock traded hands, compared to its average volume of 416,875. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 99.48 and a beta of 0.80. The stock has a 50 day moving average of $148.32 and a two-hundred day moving average of $159.06. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a 12-month low of $102.25 and a 12-month high of $236.60.

Analysts Set New Price Targets

Several equities analysts have weighed in on AVAV shares. William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a report on Wednesday, March 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $190.00 price target on shares of AeroVironment in a report on Monday, May 12th. Jefferies Financial Group lowered their target price on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Raymond James raised shares of AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 target price on the stock in a report on Tuesday, April 8th. Finally, Wall Street Zen downgraded shares of AeroVironment from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, AeroVironment has an average rating of "Buy" and a consensus price target of $197.83.

Insider Buying and Selling at AeroVironment

In other news, CEO Wahid Nawabi sold 29,366 shares of the company's stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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.