Aerojet Rocketdyne Holdings Inc (AJRD) Shares Bought by PNC Financial Services Group Inc.

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PNC Financial Services Group Inc. increased its position in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) by 652.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,053 shares of the aerospace company’s stock after buying an additional 64,214 shares during the period. PNC Financial Services Group Inc. owned 0.10% of Aerojet Rocketdyne worth $2,184,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Rhumbline Advisers lifted its position in Aerojet Rocketdyne by 1.5% during the 1st quarter. Rhumbline Advisers now owns 139,811 shares of the aerospace company’s stock worth $3,911,000 after buying an additional 2,070 shares in the last quarter. Prudential Financial Inc. lifted its position in Aerojet Rocketdyne by 2.1% during the 1st quarter. Prudential Financial Inc. now owns 126,057 shares of the aerospace company’s stock worth $3,526,000 after buying an additional 2,650 shares in the last quarter. D.A. Davidson & CO. lifted its position in Aerojet Rocketdyne by 39.6% during the 1st quarter. D.A. Davidson & CO. now owns 14,139 shares of the aerospace company’s stock worth $395,000 after buying an additional 4,013 shares in the last quarter. Swiss National Bank lifted its position in Aerojet Rocketdyne by 2.3% during the 1st quarter. Swiss National Bank now owns 111,200 shares of the aerospace company’s stock worth $3,110,000 after buying an additional 2,500 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Aerojet Rocketdyne by 461.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 261,406 shares of the aerospace company’s stock worth $7,312,000 after buying an additional 214,838 shares in the last quarter.

Aerojet Rocketdyne stock opened at $34.75 on Friday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.60 and a current ratio of 1.60. Aerojet Rocketdyne Holdings Inc has a 1 year low of $24.41 and a 1 year high of $37.70. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 35.49, a price-to-earnings-growth ratio of 4.88 and a beta of 1.08.

Aerojet Rocketdyne (NYSE:AJRD) last released its earnings results on Monday, July 30th. The aerospace company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.18. Aerojet Rocketdyne had a net margin of 0.48% and a return on equity of 46.03%. The company had revenue of $467.20 million for the quarter, compared to the consensus estimate of $457.41 million. During the same period in the prior year, the company posted $0.32 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. analysts forecast that Aerojet Rocketdyne Holdings Inc will post 1.27 earnings per share for the current year.

A number of research analysts have issued reports on the stock. SunTrust Banks upped their target price on shares of Aerojet Rocketdyne from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, August 21st. TheStreet upgraded shares of Aerojet Rocketdyne from a “c+” rating to a “b” rating in a research report on Friday, August 3rd. Finally, Zacks Investment Research upgraded shares of Aerojet Rocketdyne from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a research report on Tuesday, July 24th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $36.67.

In other Aerojet Rocketdyne news, Director James H. Perry sold 25,225 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $34.33, for a total transaction of $865,974.25. Following the transaction, the director now directly owns 113,140 shares in the company, valued at approximately $3,884,096.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Martin Turchin sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $36.43, for a total transaction of $182,150.00. Following the transaction, the director now owns 90,650 shares in the company, valued at $3,302,379.50. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.

About Aerojet Rocketdyne

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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