AeroVironment, Inc. (NASDAQ:AVAV) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 423,317 shares of the aerospace company's stock after buying an additional 10,693 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.50% of AeroVironment worth $65,144,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVAV. Barclays PLC boosted its holdings in shares of AeroVironment by 149.7% in the 3rd quarter. Barclays PLC now owns 57,245 shares of the aerospace company's stock worth $11,477,000 after purchasing an additional 34,318 shares during the period. Franklin Resources Inc. boosted its holdings in shares of AeroVironment by 299.4% in the 3rd quarter. Franklin Resources Inc. now owns 4,821 shares of the aerospace company's stock worth $1,037,000 after purchasing an additional 3,614 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of AeroVironment by 4.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,585 shares of the aerospace company's stock worth $7,736,000 after purchasing an additional 1,705 shares during the period. Assenagon Asset Management S.A. boosted its holdings in AeroVironment by 740.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 63,919 shares of the aerospace company's stock valued at $9,836,000 after acquiring an additional 56,318 shares during the period. Finally, Park Avenue Securities LLC purchased a new position in AeroVironment during the 4th quarter valued at $212,000. Hedge funds and other institutional investors own 86.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AVAV. Royal Bank of Canada restated an "outperform" rating and set a $190.00 price objective on shares of AeroVironment in a report on Monday, May 12th. Robert W. Baird dropped their price objective on AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. Raymond James upgraded AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price objective for the company in a report on Tuesday, April 8th. William Blair restated an "outperform" rating on shares of AeroVironment in a report on Wednesday, March 5th. Finally, Jefferies Financial Group decreased their target price on AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $197.83.

AeroVironment Stock Performance

Shares of AVAV stock traded down $1.40 during mid-day trading on Friday, reaching $164.09. The stock had a trading volume of 315,501 shares, compared to its average volume of 412,681. The business's fifty day moving average is $140.32 and its 200-day moving average is $161.83. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 94.30 and a beta of 0.80. AeroVironment, Inc. has a 1-year low of $102.25 and a 1-year high of $236.60.

Insider Transactions at AeroVironment

In related news, CEO Wahid Nawabi sold 29,366 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 115,174 shares of the company's stock, valued at $14,765,306.80. This trade represents a 20.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.27% of the company's stock.

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.