Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 13.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,325 shares of the aerospace company’s stock after buying an additional 625 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AeroVironment were worth $819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in shares of AeroVironment by 0.8% during the 4th quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company’s stock worth $1,257,000 after purchasing an additional 68 shares during the period. New York State Teachers Retirement System lifted its position in AeroVironment by 0.6% during the fourth quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company’s stock valued at $2,711,000 after buying an additional 100 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in AeroVironment by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company’s stock worth $642,000 after buying an additional 105 shares during the period. Atria Investments Inc increased its position in shares of AeroVironment by 7.0% in the fourth quarter. Atria Investments Inc now owns 1,650 shares of the aerospace company’s stock worth $254,000 after acquiring an additional 108 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in shares of AeroVironment by 51.0% during the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock valued at $79,000 after acquiring an additional 133 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AVAV has been the subject of several recent research reports. Robert W. Baird lowered their price target on AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. William Blair reissued an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group lowered their price objective on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. One equities 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 company currently has an average rating of “Buy” and an average price target of $202.40.

AeroVironment Stock Down 0.5 %

Shares of NASDAQ AVAV opened at $125.10 on Friday. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 71.90 and a beta of 0.42. AeroVironment, Inc. has a 1 year low of $110.07 and a 1 year high of $236.60. 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 stock’s 50-day simple moving average is $157.16 and its 200-day simple moving average is $179.27.

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.