Los Angeles Capital Management LLC Purchases 478 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Los Angeles Capital Management LLC grew its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 6.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,511 shares of the aerospace company’s stock after acquiring an additional 478 shares during the period. Los Angeles Capital Management LLC’s holdings in AeroVironment were worth $1,151,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in AeroVironment by 160.7% in the 4th quarter. BNP Paribas Financial Markets now owns 90,946 shares of the aerospace company’s stock worth $11,463,000 after acquiring an additional 56,062 shares in the last quarter. Congress Asset Management Co. MA grew its stake in AeroVironment by 5.9% in the 4th quarter. Congress Asset Management Co. MA now owns 322,445 shares of the aerospace company’s stock worth $40,641,000 after acquiring an additional 17,985 shares in the last quarter. Wellington Management Group LLP grew its stake in AeroVironment by 26.4% in the 3rd quarter. Wellington Management Group LLP now owns 77,121 shares of the aerospace company’s stock worth $8,601,000 after acquiring an additional 16,107 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in AeroVironment by 119.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,717 shares of the aerospace company’s stock worth $1,729,000 after acquiring an additional 7,470 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in AeroVironment by 2.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,813 shares of the aerospace company’s stock worth $481,000 after acquiring an additional 95 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Trading Down 6.9 %

NASDAQ:AVAV opened at $189.48 on Monday. AeroVironment, Inc. has a 52 week low of $89.14 and a 52 week high of $224.00. The firm has a 50 day moving average of $186.49 and a 200 day moving average of $152.37. The company has a quick ratio of 3.16, a current ratio of 4.66 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of -43.96 and a beta of 0.46.

Analyst Upgrades and Downgrades

AVAV has been the subject of several research reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $161.00 price target on shares of AeroVironment in a research report on Friday, March 8th. Royal Bank of Canada upped their price target on shares of AeroVironment from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Finally, William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, AeroVironment currently has a consensus rating of “Moderate Buy” and an average price target of $146.50.

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.