HighTower Advisors LLC Sells 434 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

HighTower Advisors LLC trimmed its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 5.3% in the 4th quarter, HoldingsChannel reports. The firm owned 7,806 shares of the aerospace company’s stock after selling 434 shares during the period. HighTower Advisors LLC’s holdings in AeroVironment were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Clare Market Investments LLC bought a new position in shares of AeroVironment in the fourth quarter worth about $1,511,000. Daiwa Securities Group Inc. increased its holdings in AeroVironment by 90.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 28,367 shares of the aerospace company’s stock worth $4,365,000 after acquiring an additional 13,483 shares in the last quarter. Moran Wealth Management LLC raised its stake in AeroVironment by 5.4% during the 4th quarter. Moran Wealth Management LLC now owns 3,847 shares of the aerospace company’s stock worth $592,000 after acquiring an additional 196 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in AeroVironment by 13.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,325 shares of the aerospace company’s stock valued at $819,000 after purchasing an additional 625 shares in the last quarter. Finally, Intellectus Partners LLC purchased a new position in AeroVironment during the fourth quarter valued at approximately $1,824,000. 86.38% of the stock is owned by institutional investors.

AeroVironment Stock Performance

NASDAQ AVAV opened at $131.20 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. AeroVironment, Inc. has a 1-year low of $110.07 and a 1-year high of $236.60. The business has a 50 day simple moving average of $155.02 and a two-hundred day simple moving average of $177.80. The stock has a market capitalization of $3.70 billion, a PE ratio of 75.40 and a beta of 0.42.

Analyst Ratings Changes

AVAV has been the subject of a number of analyst reports. Jefferies Financial Group decreased their price objective on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research note on Wednesday, March 5th. Finally, Robert W. Baird lowered their price objective 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, AeroVironment has an average rating of “Buy” and an average price target of $202.40.

AeroVironment 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.