Ballentine Partners LLC acquired a new stake in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,000 shares of the aerospace company’s stock, valued at approximately $210,000.

Several other large investors have also recently bought and sold shares of AJRD. UBS Asset Management Americas Inc. raised its position in shares of Aerojet Rocketdyne Holdings by 174.1% in the first quarter. UBS Asset Management Americas Inc. now owns 35,354 shares of the aerospace company’s stock valued at $767,000 after buying an additional 22,456 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in Aerojet Rocketdyne Holdings by 5.5% in the first quarter. Parametric Portfolio Associates LLC now owns 52,569 shares of the aerospace company’s stock valued at $1,141,000 after purchasing an additional 2,728 shares during the period. Teachers Advisors LLC grew its holdings in Aerojet Rocketdyne Holdings by 1.3% in the first quarter. Teachers Advisors LLC now owns 101,023 shares of the aerospace company’s stock valued at $2,192,000 after purchasing an additional 1,310 shares during the period. Vanguard Group Inc. grew its holdings in Aerojet Rocketdyne Holdings by 7.9% in the first quarter. Vanguard Group Inc. now owns 3,494,369 shares of the aerospace company’s stock valued at $75,827,000 after purchasing an additional 255,869 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Aerojet Rocketdyne Holdings by 11.7% in the first quarter. Geode Capital Management LLC now owns 551,535 shares of the aerospace company’s stock valued at $11,968,000 after purchasing an additional 57,969 shares during the period. 93.04% of the stock is owned by institutional investors and hedge funds.

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Aerojet Rocketdyne Holdings, Inc. (AJRD) traded down $0.76 on Monday, reaching $29.09. 570,000 shares of the company’s stock traded hands, compared to its average volume of 603,343. The company has a current ratio of 1.66, a quick ratio of 1.38 and a debt-to-equity ratio of 3.94. Aerojet Rocketdyne Holdings, Inc. has a 12 month low of $17.56 and a 12 month high of $36.25. The stock has a market capitalization of $2,180.00, a P/E ratio of 35.48, a P/E/G ratio of 6.30 and a beta of 1.43.

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

In other Aerojet Rocketdyne Holdings news, Director James H. Perry sold 25,001 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $30.00, for a total transaction of $750,030.00. Following the completion of the sale, the director now directly owns 166,959 shares in the company, valued at $5,008,770. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is owned by insiders.

AJRD has been the subject of a number of recent analyst reports. SunTrust Banks, Inc. restated a “buy” rating on shares of Aerojet Rocketdyne Holdings in a report on Wednesday, September 27th. CL King upgraded shares of Aerojet Rocketdyne Holdings from a “neutral” rating to a “buy” rating in a report on Friday, September 22nd. BidaskClub downgraded shares of Aerojet Rocketdyne Holdings from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 13th. Jefferies Group LLC downgraded shares of Aerojet Rocketdyne Holdings from a “buy” rating to a “hold” rating and set a $35.00 target price for the company. in a report on Monday, October 23rd. Finally, Zacks Investment Research downgraded shares of Aerojet Rocketdyne Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $35.33.

Aerojet Rocketdyne Holdings Company 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 Holdings (NYSE:AJRD)

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