Squarepoint Ops LLC increased its position in shares of Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) by 237.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,815 shares of the aerospace company’s stock after acquiring an additional 42,103 shares during the quarter. Squarepoint Ops LLC owned approximately 0.08% of Aerojet Rocketdyne worth $2,107,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund bought a new stake in shares of Aerojet Rocketdyne in the 4th quarter worth about $27,000. Nikko Asset Management Americas Inc. grew its position in shares of Aerojet Rocketdyne by 145.6% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 1,039 shares of the aerospace company’s stock valued at $37,000 after buying an additional 616 shares during the last quarter. IFP Advisors Inc grew its position in shares of Aerojet Rocketdyne by 29.2% during the 4th quarter. IFP Advisors Inc now owns 3,332 shares of the aerospace company’s stock valued at $116,000 after buying an additional 753 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Aerojet Rocketdyne by 12.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,849 shares of the aerospace company’s stock valued at $171,000 after buying an additional 528 shares during the last quarter. Finally, Strs Ohio grew its position in shares of Aerojet Rocketdyne by 960.0% during the 4th quarter. Strs Ohio now owns 5,300 shares of the aerospace company’s stock valued at $186,000 after buying an additional 4,800 shares during the last quarter.
In related news, CEO Eileen P. Drake sold 29,592 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $34.42, for a total value of $1,018,556.64. Following the sale, the chief executive officer now directly owns 382,236 shares in the company, valued at approximately $13,156,563.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by insiders.
Aerojet Rocketdyne (NYSE:AJRD) last issued its quarterly earnings results on Tuesday, February 19th. The aerospace company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Aerojet Rocketdyne had a return on equity of 36.16% and a net margin of 7.24%. The company had revenue of $437.90 million during the quarter, compared to analyst estimates of $512.37 million. During the same period in the prior year, the company posted $0.23 earnings per share. The company’s revenue was down 17.1% on a year-over-year basis. Equities research analysts forecast that Aerojet Rocketdyne Holdings Inc will post 1.33 EPS for the current year.
A number of equities research analysts recently weighed in on AJRD shares. Zacks Investment Research downgraded shares of Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Credit Suisse Group raised shares of Aerojet Rocketdyne from a “neutral” rating to an “outperform” rating in a research note on Monday, January 14th. SunTrust Banks boosted their target price on shares of Aerojet Rocketdyne to $45.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, ValuEngine lowered shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $45.00.
COPYRIGHT VIOLATION NOTICE: “Aerojet Rocketdyne Holdings Inc (AJRD) Shares Bought by Squarepoint Ops LLC” was originally posted by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.baseballdailydigest.com/news/2019/04/21/squarepoint-ops-llc-grows-stake-in-aerojet-rocketdyne-holdings-inc-ajrd.html.
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.
Further Reading: How do taxes affect a CDs total return?
Receive News & Ratings for Aerojet Rocketdyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerojet Rocketdyne and related companies with MarketBeat.com's FREE daily email newsletter.