Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Shares Sold by Rothschild Asset Management Inc.

Rothschild Asset Management Inc. decreased its stake in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 7.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 928,455 shares of the aerospace company’s stock after selling 73,527 shares during the period. Rothschild Asset Management Inc. owned about 1.24% of Aerojet Rocketdyne worth $32,505,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Teachers Advisors LLC increased its stake in shares of Aerojet Rocketdyne by 1.3% in the first quarter. Teachers Advisors LLC now owns 101,023 shares of the aerospace company’s stock worth $2,192,000 after purchasing an additional 1,310 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Aerojet Rocketdyne by 7.9% in the first quarter. Vanguard Group Inc. now owns 3,494,369 shares of the aerospace company’s stock worth $75,827,000 after purchasing an additional 255,869 shares in the last quarter. Geode Capital Management LLC grew its stake in Aerojet Rocketdyne by 11.7% during the first quarter. Geode Capital Management LLC now owns 551,535 shares of the aerospace company’s stock valued at $11,968,000 after acquiring an additional 57,969 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Aerojet Rocketdyne by 6.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 258,824 shares of the aerospace company’s stock valued at $5,617,000 after acquiring an additional 15,012 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Aerojet Rocketdyne by 74.8% during the first quarter. Bank of America Corp DE now owns 130,349 shares of the aerospace company’s stock valued at $2,829,000 after acquiring an additional 55,792 shares in the last quarter. Institutional investors and hedge funds own 97.59% of the company’s stock.

In other news, Director Martin Turchin sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $30.73, for a total value of $307,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James H. Perry sold 25,001 shares of Aerojet Rocketdyne stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $30.00, for a total transaction of $750,030.00. Following the sale, the director now owns 166,959 shares of the company’s stock, valued at approximately $5,008,770. The disclosure for this sale can be found here. Insiders sold a total of 88,235 shares of company stock valued at $2,652,753 in the last 90 days. Company insiders own 2.70% of the company’s stock.

Several equities analysts recently weighed in on AJRD shares. Jefferies Group cut shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 target price for the company. in a research note on Monday, October 23rd. BidaskClub cut shares of Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. SunTrust Banks reaffirmed a “buy” rating and set a $40.00 target price on shares of Aerojet Rocketdyne in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, CL King raised shares of Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a research note on Friday, September 22nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $35.33.

Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE AJRD) traded up $0.27 during trading hours on Thursday, hitting $30.86. 587,680 shares of the company’s stock were exchanged, compared to its average volume of 604,556. Aerojet Rocketdyne Holdings, Inc. has a 1-year low of $17.56 and a 1-year high of $36.25. The stock has a market cap of $2,252.25, a PE ratio of 36.57, a P/E/G ratio of 6.49 and a beta of 1.41. The company has a quick ratio of 1.38, a current ratio of 1.66 and a debt-to-equity ratio of 3.94.

Aerojet Rocketdyne (NYSE:AJRD) last issued its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The business had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $487.48 million. Aerojet Rocketdyne had a return on equity of 60.91% and a net margin of 3.24%. Aerojet Rocketdyne’s quarterly revenue was up 4.3% on a year-over-year basis. equities research analysts forecast that Aerojet Rocketdyne Holdings, Inc. will post 0.84 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Shares Sold by Rothschild Asset Management Inc.” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2017/12/08/rothschild-asset-management-inc-trims-position-in-aerojet-rocketdyne-holdings-inc-ajrd.html.

Aerojet Rocketdyne Profile

GenCorp Inc, incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications.

Institutional Ownership by Quarter for Aerojet Rocketdyne (NYSE:AJRD)

Receive News & Ratings for Aerojet Rocketdyne Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerojet Rocketdyne Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply