Advisors Asset Management Inc. Buys 1,966 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Advisors Asset Management Inc. increased its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,213 shares of the aerospace company’s stock after buying an additional 1,966 shares during the quarter. Advisors Asset Management Inc.’s holdings in AeroVironment were worth $3,880,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AVAV. Quest Partners LLC bought a new stake in shares of AeroVironment during the third quarter worth $262,000. Avior Wealth Management LLC lifted its position in shares of AeroVironment by 51.0% during the third quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock worth $79,000 after purchasing an additional 133 shares during the last quarter. Moran Wealth Management LLC lifted its position in shares of AeroVironment by 25.6% during the third quarter. Moran Wealth Management LLC now owns 3,651 shares of the aerospace company’s stock worth $732,000 after purchasing an additional 744 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of AeroVironment by 129.2% during the third quarter. Intech Investment Management LLC now owns 14,829 shares of the aerospace company’s stock worth $2,973,000 after purchasing an additional 8,358 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of AeroVironment by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 256,688 shares of the aerospace company’s stock worth $51,466,000 after purchasing an additional 9,921 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Stock Performance

Shares of AeroVironment stock opened at $125.10 on Friday. The firm has a market cap of $3.53 billion, a P/E ratio of 71.90 and a beta of 0.42. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a 12 month low of $110.07 and a 12 month high of $236.60. The stock’s fifty day moving average price is $157.16 and its 200-day moving average price is $179.27.

Wall Street Analyst Weigh In

AVAV has been the subject of several research analyst reports. Robert W. Baird decreased their target price on AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, March 5th. William Blair restated an “outperform” rating on shares of AeroVironment in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group cut their price target on AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $202.40.

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.