Quantamental Technologies LLC Acquires Shares of 1,632 Aerojet Rocketdyne Holdings Inc (NYSE:AJRD)

Quantamental Technologies LLC purchased a new position in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,632 shares of the aerospace company’s stock, valued at approximately $73,000.

Other large investors have also bought and sold shares of the company. Manchester Capital Management LLC purchased a new position in shares of Aerojet Rocketdyne in the first quarter worth about $36,000. NEXT Financial Group Inc purchased a new position in shares of Aerojet Rocketdyne in the second quarter worth about $43,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Aerojet Rocketdyne in the first quarter worth about $210,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Aerojet Rocketdyne by 33.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,381 shares of the aerospace company’s stock worth $330,000 after buying an additional 1,852 shares in the last quarter. Finally, Strs Ohio lifted its stake in shares of Aerojet Rocketdyne by 134.4% in the second quarter. Strs Ohio now owns 7,500 shares of the aerospace company’s stock worth $335,000 after buying an additional 4,300 shares in the last quarter.

In other Aerojet Rocketdyne news, Director Martin Turchin sold 5,000 shares of Aerojet Rocketdyne stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $47.57, for a total transaction of $237,850.00. Following the completion of the sale, the director now directly owns 80,650 shares in the company, valued at $3,836,520.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas A. Corcoran sold 10,000 shares of Aerojet Rocketdyne stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $48.94, for a total transaction of $489,400.00. Following the sale, the director now owns 4,032 shares of the company’s stock, valued at $197,326.08. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.



Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Aerojet Rocketdyne from a “sell” rating to a “hold” rating and set a $52.00 price objective for the company in a research report on Friday, August 2nd. SunTrust Banks raised their price objective on shares of Aerojet Rocketdyne to $55.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. ValuEngine upgraded shares of Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. JPMorgan Chase & Co. assumed coverage on shares of Aerojet Rocketdyne in a research report on Tuesday. They set a “neutral” rating and a $52.00 price objective for the company. Finally, Canaccord Genuity assumed coverage on shares of Aerojet Rocketdyne in a research report on Friday, June 28th. They set a “buy” rating and a $50.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Aerojet Rocketdyne has a consensus rating of “Buy” and a consensus target price of $52.25.

Aerojet Rocketdyne stock traded up $0.88 during midday trading on Thursday, hitting $50.29. 19,675 shares of the stock were exchanged, compared to its average volume of 792,369. Aerojet Rocketdyne Holdings Inc has a fifty-two week low of $29.40 and a fifty-two week high of $52.66. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 4.85 and a beta of 0.48. The stock’s 50-day simple moving average is $49.02 and its 200 day simple moving average is $40.77. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.78.

Aerojet Rocketdyne (NYSE:AJRD) last released its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.10. Aerojet Rocketdyne had a net margin of 8.95% and a return on equity of 30.58%. The firm had revenue of $485.00 million during the quarter, compared to analysts’ expectations of $473.98 million. During the same period last year, the business earned $0.45 earnings per share. Aerojet Rocketdyne’s revenue was up 3.8% compared to the same quarter last year. Equities analysts anticipate that Aerojet Rocketdyne Holdings Inc will post 1.9 EPS for the current fiscal year.

Aerojet Rocketdyne Company Profile

Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors.

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

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