Intech Investment Management LLC Has $5.39 Million Stake in AeroVironment, Inc. (NASDAQ:AVAV)

Intech Investment Management LLC raised its position in AeroVironment, Inc. (NASDAQ:AVAV) by 136.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 35,037 shares of the aerospace company’s stock after purchasing an additional 20,208 shares during the period. Intech Investment Management LLC owned 0.12% of AeroVironment worth $5,392,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Modus Advisors LLC acquired a new position in shares of AeroVironment in the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new position in shares of AeroVironment in the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB lifted its position in shares of AeroVironment by 1,515.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 197 shares during the period. Bogart Wealth LLC acquired a new position in shares of AeroVironment during the 4th quarter valued at $38,000. Finally, Blue Trust Inc. lifted its position in shares of AeroVironment by 2,950.0% during the 4th quarter. Blue Trust Inc. now owns 305 shares of the aerospace company’s stock valued at $47,000 after acquiring an additional 295 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Stock Performance

AVAV opened at $124.79 on Wednesday. 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 company’s fifty day moving average price is $158.68 and its two-hundred day moving average price is $180.03. AeroVironment, Inc. has a 1-year low of $110.07 and a 1-year high of $236.60. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 71.72 and a beta of 0.42.

Analysts Set New Price Targets

AVAV has been the topic of a number of research reports. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Jefferies Financial Group dropped their target price 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. Finally, Robert W. Baird dropped their target price on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock in a research 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus 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.