Dynamic Technology Lab Private Ltd Takes Position in AeroVironment, Inc. (NASDAQ:AVAV)

Dynamic Technology Lab Private Ltd bought a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 6,002 shares of the aerospace company’s stock, valued at approximately $923,000.

Other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC increased its holdings in AeroVironment by 28.5% in the third quarter. Cerity Partners LLC now owns 2,225 shares of the aerospace company’s stock valued at $446,000 after buying an additional 494 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in shares of AeroVironment in the 3rd quarter valued at about $658,000. Centiva Capital LP acquired a new position in AeroVironment in the 3rd quarter worth about $582,000. HighTower Advisors LLC raised its holdings in AeroVironment by 24.6% in the 3rd quarter. HighTower Advisors LLC now owns 8,240 shares of the aerospace company’s stock worth $1,655,000 after purchasing an additional 1,629 shares during the period. Finally, Stifel Financial Corp grew its holdings in AeroVironment by 93.8% in the third quarter. Stifel Financial Corp now owns 11,030 shares of the aerospace company’s stock valued at $2,212,000 after purchasing an additional 5,339 shares during the period. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

AeroVironment Trading Down 5.1 %

Shares of AVAV stock opened at $111.65 on Monday. AeroVironment, Inc. has a fifty-two week low of $100.81 and a fifty-two week high of $236.60. 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 $146.62 and its two-hundred day moving average is $174.43. The firm has a market capitalization of $3.15 billion, a P/E ratio of 64.17 and a beta of 0.74.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AVAV shares. Robert W. Baird reduced their target price on AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. William Blair restated an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group dropped their target price on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $202.40.

Insider Activity

In other news, CEO Wahid Nawabi sold 29,366 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $128.20, for a total transaction of $3,764,721.20. Following the transaction, the chief executive officer now directly owns 115,174 shares in the company, valued at $14,765,306.80. The trade was a 20.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.27% of the company’s stock.

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.