Aerojet Rocketdyne Holdings Inc (AJRD) Position Reduced by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,064,627 shares of the aerospace company’s stock after selling 232,451 shares during the period. Victory Capital Management Inc. owned 2.64% of Aerojet Rocketdyne worth $72,737,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new position in Aerojet Rocketdyne in the third quarter valued at approximately $360,000. Paloma Partners Management Co acquired a new position in Aerojet Rocketdyne in the third quarter valued at approximately $1,763,000. James Investment Research Inc. acquired a new position in Aerojet Rocketdyne in the fourth quarter valued at approximately $1,053,000. Carillon Tower Advisers Inc. lifted its holdings in Aerojet Rocketdyne by 40.5% in the third quarter. Carillon Tower Advisers Inc. now owns 1,860,944 shares of the aerospace company’s stock valued at $63,253,000 after acquiring an additional 536,697 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new position in Aerojet Rocketdyne in the third quarter valued at approximately $207,000.

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A number of research firms recently commented on AJRD. Zacks Investment Research upgraded Aerojet Rocketdyne from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Wednesday. Credit Suisse Group raised Aerojet Rocketdyne from a “neutral” rating to an “outperform” rating in a research report on Monday, January 14th. Finally, ValuEngine raised Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Four analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $43.00.

NYSE AJRD traded up $0.33 on Thursday, reaching $39.92. The stock had a trading volume of 4,454 shares, compared to its average volume of 842,283. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 53.95, a PEG ratio of 4.99 and a beta of 0.80. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.90. Aerojet Rocketdyne Holdings Inc has a 12-month low of $25.06 and a 12-month high of $40.99.

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Aerojet Rocketdyne Company Profile

Aerojet Rocketdyne Holdings, Inc engages in the provision of innovative solutions in the field of aerospace and defense, as well as in the field of real estate. It operates through the following business segments: Aerospace & Defense, and Real Estate. The Aerospace & Defense segment operates through the Aerojet Rocketdyne, Inc in developing and manufacturing of aerospace and defense products and systems for the United States government, the National Aeronautics and Space Administration, major aerospace and defense prime contractors as well as portions of the commercial sector.

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