AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. trimmed its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 15.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,575 shares of the aerospace company’s stock after selling 35,736 shares during the period. Nikko Asset Management Americas Inc.’s holdings in AeroVironment were worth $29,020,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Modus Advisors LLC acquired a new stake in AeroVironment during the 4th quarter valued at $31,000. Golden State Wealth Management LLC acquired a new stake in AeroVironment during the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB grew its holdings in AeroVironment by 1,515.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 197 shares in the last quarter. Bogart Wealth LLC acquired a new stake in AeroVironment during the 4th quarter valued at $38,000. Finally, Blue Trust Inc. grew its holdings in AeroVironment by 2,950.0% during the 4th quarter. Blue Trust Inc. now owns 305 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 295 shares in the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Trading Up 4.4 %

AeroVironment stock opened at $129.45 on Monday. The firm’s 50-day moving average is $160.21 and its 200-day moving average is $181.14. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. AeroVironment, Inc. has a 1 year low of $110.07 and a 1 year high of $236.60. The company has a market cap of $3.65 billion, a P/E ratio of 74.40 and a beta of 0.42.

Analysts Set New Price Targets

AVAV has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered their price target on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. William Blair reissued an “outperform” rating on shares of AeroVironment in a report on Wednesday, March 5th. Finally, Robert W. Baird decreased their price objective on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. One 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’s stock. According to MarketBeat, the company 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.