Oxford Asset Management LLP Takes Position in AeroVironment, Inc. (NASDAQ:AVAV)

Oxford Asset Management LLP bought a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,211 shares of the aerospace company's stock, valued at approximately $340,000.

A number of other institutional investors have also modified their holdings of the business. Raymond James Financial Inc. bought a new position in shares of AeroVironment in the fourth quarter valued at approximately $46,789,000. Norges Bank purchased a new position in AeroVironment during the fourth quarter valued at approximately $37,502,000. Baillie Gifford & Co. raised its stake in shares of AeroVironment by 9.4% during the 4th quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company's stock worth $328,598,000 after purchasing an additional 183,887 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in AeroVironment by 415.7% in the fourth quarter. JPMorgan Chase & Co. now owns 198,975 shares of the aerospace company's stock valued at $30,620,000 after acquiring an additional 160,390 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in shares of AeroVironment by 40.0% during the 4th quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company's stock worth $83,338,000 after acquiring an additional 154,703 shares in the last quarter. Institutional investors own 86.38% of the company's stock.

AeroVironment Stock Up 1.8 %

AVAV traded up $2.75 during trading on Friday, reaching $157.96. 145,894 shares of the stock were exchanged, compared to its average volume of 411,271. 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 stock's 50 day moving average price is $135.15 and its two-hundred day moving average price is $166.32. The stock has a market cap of $4.46 billion, a P/E ratio of 90.76 and a beta of 0.74. AeroVironment, Inc. has a twelve month low of $102.25 and a twelve month high of $236.60.

Analyst Ratings Changes

Several brokerages have 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 restated an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. Robert W. Baird cut their price objective on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. Finally, Jefferies Financial Group reduced their target price on AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, AeroVironment has a consensus rating of "Buy" and an average price target of $202.00.

Insiders Place Their Bets

In other news, CEO Wahid Nawabi sold 29,366 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 115,174 shares of the company's stock, valued at approximately $14,765,306.80. The trade was a 20.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.27% of the company's stock.

AeroVironment 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.