Charles Schwab Investment Management Inc. Has $40.64 Million Stock Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Charles Schwab Investment Management Inc. lifted its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 264,073 shares of the aerospace company’s stock after acquiring an additional 7,385 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.94% of AeroVironment worth $40,638,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in AVAV. Franklin Resources Inc. lifted its stake in AeroVironment by 299.4% during the third 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. Congress Asset Management Co. raised its holdings in shares of AeroVironment by 10.9% in the 4th quarter. Congress Asset Management Co. now owns 333,193 shares of the aerospace company’s stock worth $51,275,000 after buying an additional 32,663 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of AeroVironment by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 136,652 shares of the aerospace company’s stock worth $21,029,000 after buying an additional 4,107 shares during the period. Fisher Asset Management LLC boosted its stake in AeroVironment by 63.0% in the 4th quarter. Fisher Asset Management LLC now owns 217,806 shares of the aerospace company’s stock valued at $33,518,000 after buying an additional 84,170 shares in the last quarter. Finally, Truist Financial Corp bought a new stake in AeroVironment in the fourth quarter valued at $776,000. 86.38% of the stock is currently owned by institutional investors and hedge funds.

AeroVironment Price Performance

Shares of AVAV stock opened at $129.45 on Friday. AeroVironment, Inc. has a 52 week low of $110.07 and a 52 week high of $236.60. The stock has a market capitalization of $3.65 billion, a PE ratio of 74.40 and a beta of 0.42. 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 fifty day moving average is $160.21 and its 200-day moving average is $181.23.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AVAV. Jefferies Financial Group cut their price objective on AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Robert W. Baird dropped their target price on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, March 5th. Finally, William Blair restated an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. One research 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 company. According to data from MarketBeat.com, the stock currently 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.