Emerald Advisers LLC Sells 3,656 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Emerald Advisers LLC lowered its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 214,010 shares of the aerospace company’s stock after selling 3,656 shares during the quarter. AeroVironment comprises approximately 1.3% of Emerald Advisers LLC’s investment portfolio, making the stock its 22nd largest holding. Emerald Advisers LLC owned about 0.76% of AeroVironment worth $32,934,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AVAV. Vanguard Group Inc. boosted its holdings in AeroVironment by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 3,098,822 shares of the aerospace company’s stock worth $476,878,000 after acquiring an additional 35,543 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in AeroVironment in the 4th quarter valued at about $893,000. American Century Companies Inc. purchased a new position in AeroVironment during the 4th quarter valued at about $279,000. Virtu Financial LLC purchased a new position in AeroVironment during the 4th quarter valued at about $282,000. Finally, Xponance Inc. grew its holdings in AeroVironment by 17.7% during the 4th quarter. Xponance Inc. now owns 1,998 shares of the aerospace company’s stock valued at $307,000 after buying an additional 301 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Price Performance

Shares of AeroVironment stock opened at $125.01 on Friday. The business has a 50 day moving average of $156.36 and a 200 day moving average of $178.63. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.53 billion, a PE ratio of 71.84 and a beta of 0.42. AeroVironment, Inc. has a 52 week low of $110.07 and a 52 week high of $236.60.

Analyst Ratings Changes

Several research analysts have recently commented on the company. William Blair reissued an “outperform” rating on shares of AeroVironment in a report on Wednesday, March 5th. Robert W. Baird lowered their price objective on AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group lowered their price objective on AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $202.40.

AeroVironment Company 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.