Pictet Asset Management SA Has $1.40 Million Stock Position in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)

Pictet Asset Management SA raised its holdings in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 56.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,923 shares of the aerospace company’s stock after buying an additional 8,997 shares during the quarter. Pictet Asset Management SA’s holdings in Aerojet Rocketdyne were worth $1,400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in Aerojet Rocketdyne by 247.6% in the 1st quarter. US Bancorp DE now owns 643 shares of the aerospace company’s stock valued at $26,000 after buying an additional 458 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Aerojet Rocketdyne during the 4th quarter worth approximately $32,000. Lazard Asset Management LLC acquired a new stake in shares of Aerojet Rocketdyne during the 4th quarter worth approximately $55,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Aerojet Rocketdyne by 22.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,100 shares of the aerospace company’s stock worth $62,000 after purchasing an additional 200 shares in the last quarter. Finally, Archer Investment Corp acquired a new stake in shares of Aerojet Rocketdyne during the 1st quarter worth approximately $64,000. Institutional investors and hedge funds own 94.56% of the company’s stock.

Aerojet Rocketdyne Price Performance

Aerojet Rocketdyne stock opened at $57.99 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market capitalization of $4.68 billion, a PE ratio of 63.73 and a beta of 0.56. Aerojet Rocketdyne Holdings, Inc. has a one year low of $39.18 and a one year high of $58.01. The business has a 50 day simple moving average of $56.53 and a 200 day simple moving average of $56.02.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Aerojet Rocketdyne in a report on Friday. They set a “hold” rating on the stock.

Aerojet Rocketdyne Company Profile

Aerojet Rocketdyne Holdings, Inc engages in the design, development, manufacture, and sale of 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.