AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 25.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 98,980 shares of the aerospace company's stock after selling 33,766 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.35% of AeroVironment worth $15,232,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Washington Harbour Partners LP boosted its position in AeroVironment by 4.0% during the 4th quarter. Washington Harbour Partners LP now owns 22,044 shares of the aerospace company's stock worth $3,392,000 after purchasing an additional 844 shares during the period. Vident Advisory LLC lifted its stake in shares of AeroVironment by 31.6% during the fourth quarter. Vident Advisory LLC now owns 19,022 shares of the aerospace company's stock worth $2,927,000 after purchasing an additional 4,573 shares in the last quarter. Royal Bank of Canada boosted its position in shares of AeroVironment by 6.5% in the fourth quarter. Royal Bank of Canada now owns 108,265 shares of the aerospace company's stock worth $16,660,000 after buying an additional 6,587 shares during the period. Rafferty Asset Management LLC grew its stake in shares of AeroVironment by 4.7% in the fourth quarter. Rafferty Asset Management LLC now owns 7,169 shares of the aerospace company's stock valued at $1,103,000 after buying an additional 320 shares in the last quarter. Finally, Redwood Investments LLC raised its holdings 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 valued at $1,427,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 86.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AVAV. 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 report on Tuesday, April 8th. William Blair reissued an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. 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 note on Wednesday, March 5th. Wall Street Zen lowered shares of AeroVironment from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $190.00 price target on shares of AeroVironment in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, AeroVironment has an average rating of "Buy" and a consensus target price of $197.83.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was 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 $14,765,306.80. This trade represents a 20.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.27% of the stock is currently owned by insiders.

AeroVironment Stock Up 3.2%

Shares of AVAV stock traded up $5.75 during mid-day trading on Tuesday, reaching $186.16. 635,672 shares of the company were exchanged, compared to its average volume of 425,275. 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 business's 50 day simple moving average is $151.56 and its 200 day simple moving average is $158.11. The company has a market capitalization of $5.25 billion, a P/E ratio of 106.99 and a beta of 0.80. AeroVironment, Inc. has a fifty-two week low of $102.25 and a fifty-two week high of $236.60.

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.