Schwab Charles Investment Management Inc. trimmed its holdings in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 5.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 506,015 shares of the aerospace company’s stock after selling 28,123 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.67% of Aerojet Rocketdyne worth $17,716,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AJRD. Municipal Employees Retirement System of Michigan grew its position in Aerojet Rocketdyne by 10.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 17,660 shares of the aerospace company’s stock worth $367,000 after acquiring an additional 1,640 shares during the period. Great West Life Assurance Co. Can grew its position in Aerojet Rocketdyne by 8.5% in the second quarter. Great West Life Assurance Co. Can now owns 110,339 shares of the aerospace company’s stock worth $2,292,000 after acquiring an additional 8,647 shares during the period. First Trust Advisors LP grew its position in Aerojet Rocketdyne by 212.2% in the second quarter. First Trust Advisors LP now owns 84,830 shares of the aerospace company’s stock worth $1,764,000 after acquiring an additional 57,662 shares during the period. Rhumbline Advisers lifted its stake in Aerojet Rocketdyne by 4.0% during the second quarter. Rhumbline Advisers now owns 130,316 shares of the aerospace company’s stock worth $2,711,000 after purchasing an additional 5,046 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Aerojet Rocketdyne by 42.2% during the second quarter. Bank of New York Mellon Corp now owns 1,440,290 shares of the aerospace company’s stock worth $29,958,000 after purchasing an additional 427,755 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.

In other news, Director Martin Turchin sold 10,000 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $30.73, for a total value of $307,300.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James H. Perry sold 25,001 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $30.00, for a total value of $750,030.00. Following the completion of the sale, the director now owns 166,959 shares in the company, valued at $5,008,770. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,235 shares of company stock worth $2,652,753. Insiders own 2.70% of the company’s stock.

Aerojet Rocketdyne Holdings, Inc. (NYSE AJRD) opened at $32.15 on Thursday. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.38 and a current ratio of 1.66. Aerojet Rocketdyne Holdings, Inc. has a 52 week low of $17.69 and a 52 week high of $36.25. The company has a market capitalization of $2,373.91, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 6.84 and a beta of 1.41.

Aerojet Rocketdyne (NYSE:AJRD) last announced 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). The company had revenue of $484.00 million during the quarter, compared to analyst estimates of $487.48 million. Aerojet Rocketdyne had a net margin of 3.24% and a return on equity of 60.91%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. sell-side analysts predict that Aerojet Rocketdyne Holdings, Inc. will post 0.84 EPS for the current fiscal year.

A number of research analysts have commented on AJRD shares. CL King upgraded Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a research note on Friday, September 22nd. BidaskClub cut Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 13th. SunTrust Banks restated a “buy” rating on shares of Aerojet Rocketdyne in a research note on Wednesday, September 27th. Jefferies Group cut Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a research note on Monday, October 23rd. Finally, Zacks Investment Research cut Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.33.

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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)

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