ProShare Advisors LLC Grows Stock Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

ProShare Advisors LLC raised its stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 53.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,453 shares of the aerospace company's stock after acquiring an additional 2,956 shares during the quarter. ProShare Advisors LLC's holdings in AeroVironment were worth $1,301,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. CoreCap Advisors LLC boosted its holdings in 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 period. Golden State Wealth Management LLC bought a new position in AeroVironment in the 4th quarter worth approximately $31,000. Colonial Trust Advisors bought a new position in AeroVironment in the 4th quarter worth approximately $31,000. Accredited Wealth Management LLC bought a new position in AeroVironment in the 4th quarter worth approximately $31,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings 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 worth $32,000 after buying an additional 197 shares during the period. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

AeroVironment Stock Up 3.8%

Shares of NASDAQ AVAV traded up $6.47 during midday trading on Tuesday, hitting $175.54. The stock had a trading volume of 109,517 shares, compared to its average volume of 415,167. The business's 50 day moving average is $145.35 and its 200-day moving average is $159.25. The company has a market cap of $4.95 billion, a P/E ratio of 100.20 and a beta of 0.80. AeroVironment, Inc. has a 52 week low of $102.25 and a 52 week high of $236.60. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02.

Insider Transactions at AeroVironment

In other news, CEO Wahid Nawabi sold 29,366 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now 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 filing with the SEC, which is accessible through this link. Insiders own 1.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Jefferies Financial Group cut their price objective on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Royal Bank of Canada reissued an "outperform" rating and issued a $190.00 price target on shares of AeroVironment in a report on Monday, May 12th. Raymond James raised shares of AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price target for the company in a report on Tuesday, April 8th. Robert W. Baird lowered 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. Finally, Wall Street Zen cut shares of AeroVironment from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One 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. According to MarketBeat, the company 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.