AeroVironment, Inc. (NASDAQ:AVAV) Stock Holdings Lowered by US Bancorp DE

US Bancorp DE lowered its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 34.4% in the 4th quarter, Holdings Channel reports. The fund owned 1,921 shares of the aerospace company’s stock after selling 1,007 shares during the period. US Bancorp DE’s holdings in AeroVironment were worth $296,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Baillie Gifford & Co. grew its position in shares of AeroVironment by 9.4% during the fourth quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company’s stock worth $328,598,000 after acquiring an additional 183,887 shares during the last quarter. State Street Corp grew its position in shares of AeroVironment by 0.5% during the third quarter. State Street Corp now owns 1,582,871 shares of the aerospace company’s stock worth $317,366,000 after acquiring an additional 7,471 shares during the last quarter. Geode Capital Management LLC grew its position in shares of AeroVironment by 0.8% during the third quarter. Geode Capital Management LLC now owns 634,189 shares of the aerospace company’s stock worth $127,180,000 after acquiring an additional 4,948 shares during the last quarter. Heard Capital LLC grew its position in shares of AeroVironment by 25.5% during the third quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company’s stock worth $118,723,000 after acquiring an additional 120,447 shares during the last quarter. Finally, Stephens Investment Management Group LLC grew its position in shares of AeroVironment by 40.0% during the fourth quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company’s stock worth $83,338,000 after acquiring an additional 154,703 shares during the last quarter. Institutional investors own 86.38% of the company’s stock.

AeroVironment Stock Performance

AVAV stock opened at $123.99 on Friday. AeroVironment, Inc. has a fifty-two week low of $110.07 and a fifty-two week high of $236.60. 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 capitalization of $3.50 billion, a P/E ratio of 71.26 and a beta of 0.42. The company has a 50-day simple moving average of $161.49 and a 200 day simple moving average of $181.94.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AVAV. Robert W. Baird reduced 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. Jefferies Financial Group reduced their price objective 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. Finally, William Blair reaffirmed an “outperform” rating on shares of AeroVironment 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.