Goldman Sachs Group Inc. decreased its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 33.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 93,355 shares of the aerospace company’s stock after selling 46,467 shares during the quarter. Goldman Sachs Group Inc.’s holdings in AeroVironment were worth $5,242,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of AeroVironment by 3.0% during the third quarter. Rhumbline Advisers now owns 44,738 shares of the aerospace company’s stock valued at $2,421,000 after purchasing an additional 1,310 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of AeroVironment during the third quarter valued at about $513,000. Ameriprise Financial Inc. raised its stake in shares of AeroVironment by 1.8% during the third quarter. Ameriprise Financial Inc. now owns 110,091 shares of the aerospace company’s stock valued at $5,958,000 after purchasing an additional 1,966 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of AeroVironment by 8.0% during the third quarter. Great West Life Assurance Co. Can now owns 30,754 shares of the aerospace company’s stock valued at $1,649,000 after purchasing an additional 2,274 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of AeroVironment by 1,398.2% during the third quarter. JPMorgan Chase & Co. now owns 8,225 shares of the aerospace company’s stock valued at $441,000 after purchasing an additional 7,676 shares in the last quarter. 74.84% of the stock is owned by institutional investors.
Shares of AeroVironment stock opened at $45.08 on Friday. AeroVironment, Inc. has a 52 week low of $27.07 and a 52 week high of $58.99. The stock has a market capitalization of $1,104.70, a price-to-earnings ratio of 83.48, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24.
AVAV has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of AeroVironment from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research upgraded shares of AeroVironment from a “sell” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Thursday, February 8th. Canaccord Genuity reiterated a “hold” rating and issued a $50.00 price target on shares of AeroVironment in a research report on Thursday, December 14th. Finally, BidaskClub upgraded shares of AeroVironment from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $42.40.
In other AeroVironment news, Chairman Timothy E. Conver sold 7,600 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $53.41, for a total value of $405,916.00. Following the sale, the chairman now directly owns 58,138 shares in the company, valued at $3,105,150.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Timothy E. Conver sold 3,800 shares of the business’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $47.72, for a total transaction of $181,336.00. Following the completion of the sale, the chairman now owns 58,138 shares in the company, valued at $2,774,345.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,800 shares of company stock worth $2,082,020. 11.00% of the stock is owned by company insiders.
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AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.
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