Diversified Trust Co increased its holdings in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD – Get Rating) by 75.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,564 shares of the aerospace company's stock after purchasing an additional 5,406 shares during the quarter. Diversified Trust Co's holdings in Aerojet Rocketdyne were worth $510,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Aerojet Rocketdyne by 1.9% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,753 shares of the aerospace company's stock worth $856,000 after purchasing an additional 415 shares in the last quarter. US Bancorp DE increased its stake in Aerojet Rocketdyne by 247.6% during the 1st quarter. US Bancorp DE now owns 643 shares of the aerospace company's stock worth $26,000 after purchasing an additional 458 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in Aerojet Rocketdyne by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 10,788 shares of the aerospace company's stock worth $425,000 after purchasing an additional 560 shares in the last quarter. Profund Advisors LLC increased its stake in Aerojet Rocketdyne by 8.3% during the 1st quarter. Profund Advisors LLC now owns 8,227 shares of the aerospace company's stock worth $324,000 after purchasing an additional 627 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its stake in Aerojet Rocketdyne by 14.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 5,517 shares of the aerospace company's stock worth $216,000 after purchasing an additional 678 shares in the last quarter. 94.77% of the stock is owned by institutional investors.
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In related news, CEO Eileen P. Drake sold 39,711 shares of the firm's stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $41.60, for a total value of $1,651,977.60. Following the completion of the transaction, the chief executive officer now directly owns 214,000 shares of the company's stock, valued at $8,902,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Aerojet Rocketdyne from a "buy" rating to a "hold" rating in a research note on Saturday, July 23rd.Aerojet Rocketdyne Price Performance
Shares of AJRD opened at $42.79 on Thursday. The stock has a market capitalization of $3.44 billion, a P/E ratio of 28.34 and a beta of 0.48. Aerojet Rocketdyne Holdings, Inc. has a twelve month low of $35.47 and a twelve month high of $47.35. The company has a 50 day moving average of $42.89 and a 200-day moving average of $41.09. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.48.
Aerojet Rocketdyne (NYSE:AJRD – Get Rating) last issued its quarterly earnings results on Monday, August 1st. The aerospace company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.27). Aerojet Rocketdyne had a return on equity of 26.51% and a net margin of 5.74%. The business had revenue of $528.50 million for the quarter, compared to the consensus estimate of $570.53 million. During the same period in the prior year, the business earned $0.59 earnings per share. Aerojet Rocketdyne's revenue was down 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that Aerojet Rocketdyne Holdings, Inc. will post 1.68 EPS for the current fiscal year.
Aerojet Rocketdyne Profile
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Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. It operates in 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.
Further Reading
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