Charles Schwab Investment Management Inc. Buys 7,385 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Charles Schwab Investment Management Inc. raised its position in AeroVironment, Inc. (NASDAQ:AVAV) by 2.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 264,073 shares of the aerospace company’s stock after buying an additional 7,385 shares during the period. Charles Schwab Investment Management Inc.’s holdings in AeroVironment were worth $40,638,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in AVAV. Modus Advisors LLC bought a new position in AeroVironment in the fourth quarter valued at about $31,000. Golden State Wealth Management LLC acquired a new position in AeroVironment during the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB boosted its stake in shares of AeroVironment by 1,515.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 197 shares during the last quarter. Bogart Wealth LLC bought a new stake in shares of AeroVironment during the fourth quarter worth approximately $38,000. Finally, Blue Trust Inc. lifted its holdings in AeroVironment by 2,950.0% in the fourth quarter. Blue Trust Inc. now owns 305 shares of the aerospace company’s stock valued at $47,000 after buying an additional 295 shares during the period. 86.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Jefferies Financial Group lowered their target price 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. Robert W. Baird decreased their price objective on AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. Finally, William Blair reiterated an “outperform” rating on shares of AeroVironment in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $202.40.

AeroVironment Price Performance

AVAV opened at $129.45 on Friday. The stock has a market cap of $3.65 billion, a P/E ratio of 74.40 and a beta of 0.42. AeroVironment, Inc. has a 12 month low of $110.07 and a 12 month 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 fifty day simple moving average of $160.21 and a 200 day simple moving average of $181.23.

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.