Mitsubishi UFJ Trust & Banking Corp Purchases 16,973 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 12.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 152,942 shares of the aerospace company’s stock after acquiring an additional 16,973 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in AeroVironment were worth $23,536,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of AeroVironment by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,098,822 shares of the aerospace company’s stock valued at $476,878,000 after purchasing an additional 35,543 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in AeroVironment during the fourth quarter valued at about $893,000. American Century Companies Inc. bought a new position in shares of AeroVironment during the fourth quarter valued at about $279,000. Virtu Financial LLC purchased a new position in shares of AeroVironment in the fourth quarter worth about $282,000. Finally, Xponance Inc. increased its holdings in shares of AeroVironment by 17.7% in the fourth quarter. Xponance Inc. now owns 1,998 shares of the aerospace company’s stock worth $307,000 after buying an additional 301 shares during the period. 86.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AeroVironment

In related news, CEO Wahid Nawabi sold 29,366 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 115,174 shares of the company’s stock, valued at $14,765,306.80. This represents a 20.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.27% of the stock is currently owned by company insiders.

AeroVironment Price Performance

Shares of AVAV stock opened at $123.59 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 market cap of $3.49 billion, a P/E ratio of 71.03 and a beta of 0.42. The business’s 50 day moving average price is $153.36 and its 200-day moving average price is $177.06. AeroVironment, Inc. has a fifty-two week low of $110.07 and a fifty-two week high of $236.60.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Jefferies Financial Group reduced their price target on 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 restated an “outperform” rating on shares of AeroVironment in a report on Wednesday, March 5th. Finally, Robert W. Baird lowered their price target on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price 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.