IQ EQ FUND MANAGEMENT IRELAND Ltd Has $536,000 Stock Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 219.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,481 shares of the aerospace company’s stock after purchasing an additional 2,391 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in AeroVironment were worth $536,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AVAV. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Jefferies Financial Group cut their price target on AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Robert W. Baird decreased their price objective on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $202.40.

Insiders Place Their Bets

In other news, CEO Wahid Nawabi sold 29,366 shares of AeroVironment stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $128.20, for a total value of $3,764,721.20. Following the completion of the sale, the chief executive officer now directly owns 115,174 shares in the company, valued at approximately $14,765,306.80. The trade was a 20.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.27% of the company’s stock.

AeroVironment Trading Down 2.2 %

Shares of AeroVironment stock opened at $120.93 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. The firm has a 50-day moving average of $152.40 and a 200-day moving average of $176.64. AeroVironment, Inc. has a 52-week low of $110.07 and a 52-week high of $236.60. The stock has a market cap of $3.41 billion, a PE ratio of 69.50 and a beta of 0.42.

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.