Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Rolls-Royce Holdings PLC Price Performance

Shares of RYCEY opened at $15.78 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. The stock has a 50 day moving average of $17.03 and a 200 day moving average of $16.03. Rolls-Royce Holdings PLC has a 12 month low of $8.01 and a 12 month high of $18.98.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bowen Hanes & Co. Inc. grew its position in Rolls-Royce Holdings PLC by 6.9% during the third quarter. Bowen Hanes & Co. Inc. now owns 4,321,380 shares of the aerospace company’s stock valued at $70,006,000 after buying an additional 278,070 shares during the period. Financially Speaking Inc bought a new stake in Rolls-Royce Holdings PLC in the third quarter worth about $1,808,000. Mcintyre Freedman & Flynn Investment Advisers Inc. purchased a new position in Rolls-Royce Holdings PLC in the third quarter valued at about $1,690,000. Dorsey Wright & Associates purchased a new position in Rolls-Royce Holdings PLC in the third quarter valued at about $1,558,000. Finally, AdvisorShares Investments LLC bought a new position in shares of Rolls-Royce Holdings PLC during the 3rd quarter valued at approximately $1,077,000. 0.07% of the stock is owned by hedge funds and other institutional investors.

About Rolls-Royce Holdings PLC

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company’s core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls‑Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.