AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC reduced its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 34.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,776 shares of the aerospace company’s stock after selling 1,428 shares during the period. Level Four Advisory Services LLC’s holdings in AeroVironment were worth $427,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its holdings in shares of AeroVironment by 0.8% during the 4th quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company’s stock valued at $1,257,000 after buying an additional 68 shares during the period. New York State Teachers Retirement System lifted its position in shares of AeroVironment by 0.6% during the fourth quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company’s stock worth $2,711,000 after purchasing an additional 100 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of AeroVironment by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company’s stock valued at $642,000 after purchasing an additional 105 shares during the period. Atria Investments Inc increased its stake in AeroVironment by 7.0% during the 4th quarter. Atria Investments Inc now owns 1,650 shares of the aerospace company’s stock worth $254,000 after buying an additional 108 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in AeroVironment by 4.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,782 shares of the aerospace company’s stock worth $582,000 after buying an additional 156 shares in the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CEO Wahid Nawabi sold 29,366 shares of AeroVironment stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $128.20, for a total value of $3,764,721.20. Following the sale, the chief executive officer now directly owns 115,174 shares in the company, valued at $14,765,306.80. This trade represents a 20.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.27% of the stock is owned by company insiders.

AeroVironment Stock Down 1.4 %

NASDAQ:AVAV opened at $119.19 on Tuesday. The firm has a market capitalization of $3.36 billion, a PE ratio of 68.50 and a beta of 0.42. AeroVironment, Inc. has a 52 week low of $110.07 and a 52 week high of $236.60. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $151.41 and a 200-day moving average of $176.10.

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.