Los Angeles Capital Management & Equity Research Inc. Sells 39,690 Shares of Aerojet Rocketdyne Holdings Inc (AJRD)

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Los Angeles Capital Management & Equity Research Inc. reduced its holdings in shares of Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) by 72.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,466 shares of the aerospace company’s stock after selling 39,690 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Aerojet Rocketdyne were worth $545,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AJRD. Oregon Public Employees Retirement Fund purchased a new stake in shares of Aerojet Rocketdyne in the 4th quarter valued at approximately $27,000. Nikko Asset Management Americas Inc. increased its position in shares of Aerojet Rocketdyne by 145.6% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 1,039 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 616 shares during the last quarter. IFP Advisors Inc increased its position in shares of Aerojet Rocketdyne by 29.2% in the 4th quarter. IFP Advisors Inc now owns 3,332 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 753 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Aerojet Rocketdyne by 12.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,849 shares of the aerospace company’s stock valued at $171,000 after purchasing an additional 528 shares during the last quarter. Finally, Strs Ohio increased its position in shares of Aerojet Rocketdyne by 960.0% in the 4th quarter. Strs Ohio now owns 5,300 shares of the aerospace company’s stock valued at $186,000 after purchasing an additional 4,800 shares during the last quarter.

A number of equities research analysts have commented on the stock. SunTrust Banks increased their price objective on shares of Aerojet Rocketdyne to $45.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research downgraded shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. Credit Suisse Group upgraded shares of Aerojet Rocketdyne from a “neutral” rating to an “outperform” rating in a report on Monday, January 14th. Finally, ValuEngine cut shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $45.00.

Shares of Aerojet Rocketdyne stock opened at $34.27 on Friday. Aerojet Rocketdyne Holdings Inc has a 12-month low of $25.06 and a 12-month high of $40.99. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $2.69 billion, a PE ratio of 17.76, a P/E/G ratio of 4.64 and a beta of 0.74.

Aerojet Rocketdyne (NYSE:AJRD) last issued its earnings results on Tuesday, February 19th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Aerojet Rocketdyne had a net margin of 7.24% and a return on equity of 36.16%. The company had revenue of $437.90 million during the quarter, compared to analyst estimates of $512.37 million. During the same quarter in the previous year, the company posted $0.23 EPS. The company’s quarterly revenue was down 17.1% on a year-over-year basis. As a group, research analysts expect that Aerojet Rocketdyne Holdings Inc will post 1.33 earnings per share for the current year.

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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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