Congress Wealth Management LLC DE Reduces Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Congress Wealth Management LLC DE lessened its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,956 shares of the aerospace company’s stock after selling 330 shares during the quarter. Congress Wealth Management LLC DE owned about 0.16% of AeroVironment worth $7,072,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in AeroVironment in the fourth quarter valued at $46,789,000. Wellington Management Group LLP raised its holdings in AeroVironment by 155.1% in the 3rd quarter. Wellington Management Group LLP now owns 321,479 shares of the aerospace company’s stock valued at $64,457,000 after buying an additional 195,443 shares during the period. Baillie Gifford & Co. lifted its position in AeroVironment by 9.4% in the fourth quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company’s stock valued at $328,598,000 after buying an additional 183,887 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in AeroVironment by 40.0% during the fourth quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company’s stock worth $83,338,000 after buying an additional 154,703 shares during the period. Finally, Heard Capital LLC increased its position in shares of AeroVironment by 25.5% during the third quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company’s stock valued at $118,723,000 after acquiring an additional 120,447 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.

AeroVironment Stock Performance

Shares of AeroVironment stock opened at $131.20 on Wednesday. The business has a 50-day simple moving average of $155.02 and a 200-day simple moving average of $177.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. AeroVironment, Inc. has a one year low of $110.07 and a one year high of $236.60. The company has a market cap of $3.70 billion, a PE ratio of 75.40 and a beta of 0.42.

Analysts Set New Price Targets

A number of research firms recently weighed in on AVAV. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Jefferies Financial Group dropped their price objective on AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Finally, Robert W. Baird lowered their target price on AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. One investment 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. According to MarketBeat.com, the company currently has a consensus 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.