AeroVironment, Inc. (NASDAQ:AVAV) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC raised its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,466 shares of the aerospace company’s stock after purchasing an additional 232 shares during the period. Corient Private Wealth LLC’s holdings in AeroVironment were worth $687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AVAV. Modus Advisors LLC bought a new stake in shares of AeroVironment during the fourth quarter valued at about $31,000. Golden State Wealth Management LLC bought a new stake in shares of AeroVironment during the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB lifted its stake in shares of AeroVironment by 1,515.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 197 shares during the period. Bogart Wealth LLC bought a new position in shares of AeroVironment in the fourth quarter valued at approximately $38,000. Finally, Blue Trust Inc. increased its stake in shares of AeroVironment by 2,950.0% during the fourth quarter. Blue Trust Inc. now owns 305 shares of the aerospace company’s stock valued at $47,000 after acquiring an additional 295 shares during the period. Institutional investors own 86.38% of the company’s stock.

Insider Activity at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $128.20, for a total transaction of $3,764,721.20. Following the completion of the sale, the chief executive officer now directly owns 115,174 shares of the company’s stock, valued at approximately $14,765,306.80. This represents a 20.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.27% of the stock is currently owned by corporate insiders.

AeroVironment Stock Performance

AVAV opened at $120.93 on Friday. The business has a fifty day simple moving average of $152.40 and a 200-day simple moving average of $176.64. The firm has a market cap of $3.41 billion, a PE ratio of 69.50 and a beta of 0.42. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a fifty-two week low of $110.07 and a fifty-two week high of $236.60.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AVAV shares. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research note on Wednesday, March 5th. Jefferies Financial Group decreased their target price on AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Finally, Robert W. Baird lowered their target price on AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, March 5th. One equities 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 stock. Based on data from MarketBeat, AeroVironment presently has an average rating of “Buy” and an average target price of $202.40.

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.