Chesapeake Capital Corp IL Sells 1,465 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Chesapeake Capital Corp IL cut its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 52.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,349 shares of the aerospace company’s stock after selling 1,465 shares during the period. Chesapeake Capital Corp IL’s holdings in AeroVironment were worth $208,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in AeroVironment by 299.4% in the 3rd 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 in the last quarter. Congress Asset Management Co. increased its stake 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 acquiring an additional 32,663 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of AeroVironment by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 136,652 shares of the aerospace company’s stock worth $21,029,000 after acquiring an additional 4,107 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of AeroVironment by 63.0% in the 4th quarter. Fisher Asset Management LLC now owns 217,806 shares of the aerospace company’s stock worth $33,518,000 after acquiring an additional 84,170 shares in the last quarter. Finally, Truist Financial Corp bought a new position in shares of AeroVironment in the 4th quarter worth about $776,000. 86.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AVAV shares. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research note on Wednesday, March 5th. Jefferies Financial Group decreased their price target on shares of 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 decreased their price target on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. One 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 company. Based on data from MarketBeat.com, AeroVironment has a consensus rating of “Buy” and a consensus price target of $202.40.

AeroVironment Stock Down 0.8 %

NASDAQ:AVAV opened at $124.79 on Wednesday. The firm has a market cap of $3.52 billion, a P/E ratio of 71.72 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. AeroVironment, Inc. has a fifty-two week low of $110.07 and a fifty-two week high of $236.60. The firm has a 50-day simple moving average of $158.68 and a two-hundred day simple moving average of $180.03.

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.