AeroVironment, Inc. (NASDAQ:AVAV) Stock Holdings Lifted by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC lifted its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 245.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 529 shares of the aerospace company’s stock after buying an additional 376 shares during the quarter. Smartleaf Asset Management LLC’s holdings in AeroVironment were worth $82,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AVAV. Baillie Gifford & Co. lifted its position in shares of AeroVironment by 29.1% in the 3rd quarter. Baillie Gifford & Co. now owns 1,951,393 shares of the aerospace company’s stock worth $391,254,000 after buying an additional 439,717 shares during the last quarter. Wellington Management Group LLP lifted its position in AeroVironment by 155.1% in the 3rd quarter. Wellington Management Group LLP now owns 321,479 shares of the aerospace company’s stock valued at $64,457,000 after purchasing an additional 195,443 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in AeroVironment by 40.0% in the 4th quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company’s stock valued at $83,338,000 after purchasing an additional 154,703 shares during the last quarter. Heard Capital LLC lifted its position in AeroVironment by 25.5% in the 3rd quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company’s stock valued at $118,723,000 after purchasing an additional 120,447 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in AeroVironment by 108.4% in the 3rd quarter. Victory Capital Management Inc. now owns 180,824 shares of the aerospace company’s stock valued at $36,255,000 after purchasing an additional 94,062 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AVAV has been the topic of several recent research reports. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research report on Wednesday. Jefferies Financial Group cut their price objective on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, 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 research report on Wednesday. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $202.40.

AeroVironment Stock Down 2.0 %

AeroVironment stock opened at $132.33 on Friday. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 76.05 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. The company’s 50-day moving average price is $163.37 and its two-hundred day moving average price is $183.26. AeroVironment, Inc. has a 52 week low of $110.07 and a 52 week high of $236.60.

AeroVironment (NASDAQ:AVAV) last released its earnings results on Wednesday, December 4th. The aerospace company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.29). The company had revenue of $188.46 million for the quarter, compared to analyst estimates of $181.80 million. AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 EPS. On average, analysts expect that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

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.