Centiva Capital LP Boosts Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Centiva Capital LP grew its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 183.3% in the fourth quarter, HoldingsChannel reports. The fund owned 8,224 shares of the aerospace company’s stock after buying an additional 5,321 shares during the quarter. Centiva Capital LP’s holdings in AeroVironment were worth $1,266,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of AeroVironment in the 4th quarter valued at about $31,000. Colonial Trust Advisors purchased a new position in AeroVironment in the fourth quarter valued at approximately $31,000. Accredited Wealth Management LLC acquired a new position in AeroVironment during the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB grew its stake in AeroVironment by 1,515.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company’s stock worth $32,000 after buying an additional 197 shares during the period. Finally, Bogart Wealth LLC acquired a new stake in shares of AeroVironment in the fourth quarter worth $38,000. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at AeroVironment

In other news, CEO Wahid Nawabi sold 29,366 shares of the stock in a transaction dated Monday, March 24th. The shares were 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 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 SEC, which is accessible through this hyperlink. 1.27% of the stock is currently owned by insiders.

AeroVironment Stock Performance

AeroVironment stock opened at $160.01 on Thursday. AeroVironment, Inc. has a 52 week low of $102.25 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 market cap of $4.52 billion, a P/E ratio of 91.96 and a beta of 0.80. The stock has a 50 day moving average of $135.79 and a 200-day moving average of $164.75.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Jefferies Financial Group lowered their target price on AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Raymond James raised 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. Finally, Robert W. Baird dropped their price objective on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $202.00.

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.