Bosun Asset Management LLC Trims Stock Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Bosun Asset Management LLC cut its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 59.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,322 shares of the aerospace company’s stock after selling 1,972 shares during the quarter. Bosun Asset Management LLC’s holdings in AeroVironment were worth $203,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Arizona State Retirement System increased its holdings in AeroVironment by 0.8% in the fourth 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 last quarter. New York State Teachers Retirement System raised its position in shares of AeroVironment by 0.6% during the 4th quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company’s stock valued at $2,711,000 after acquiring an additional 100 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of AeroVironment by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company’s stock valued at $642,000 after acquiring an additional 105 shares in the last quarter. Atria Investments Inc lifted its stake in AeroVironment by 7.0% during the fourth quarter. Atria Investments Inc now owns 1,650 shares of the aerospace company’s stock worth $254,000 after purchasing an additional 108 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings in AeroVironment by 0.7% in the fourth quarter. OneDigital Investment Advisors LLC now owns 14,879 shares of the aerospace company’s stock worth $2,290,000 after purchasing an additional 109 shares during the period. 86.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AVAV. Raymond James upgraded shares of AeroVironment from a “market perform” rating to a “strong-buy” rating and set a $200.00 price target on the stock in a research report on Tuesday, April 8th. Robert W. Baird decreased 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 reiterated an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group reduced their price objective on AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, AeroVironment presently has an average rating of “Buy” and an average price target of $202.00.

AeroVironment Stock Performance

Shares of NASDAQ AVAV opened at $158.25 on Wednesday. AeroVironment, Inc. has a 12-month low of $102.25 and a 12-month high of $236.60. The company has a market cap of $4.47 billion, a PE ratio of 90.95 and a beta of 0.80. The stock has a 50 day simple moving average of $135.58 and a 200-day simple moving average of $164.78. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02.

Insider Buying and Selling at AeroVironment

In other news, CEO Wahid Nawabi sold 29,366 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $14,765,306.80. This trade represents a 20.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.27% of the stock is owned by company insiders.

AeroVironment Company 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.