Rolls-Royce Holdings PLC $RYCEY Shares Sold by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. lessened its position in shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) by 1.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,230,215 shares of the aerospace company’s stock after selling 83,665 shares during the quarter. Rolls-Royce Holdings PLC makes up about 1.6% of Bowen Hanes & Co. Inc.’s holdings, making the stock its 28th largest position. Bowen Hanes & Co. Inc.’s holdings in Rolls-Royce Holdings PLC were worth $65,230,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Rolls-Royce Holdings PLC in the 4th quarter worth approximately $33,000. Kelleher Financial Advisors acquired a new stake in shares of Rolls-Royce Holdings PLC during the third quarter worth $37,000. PNC Financial Services Group Inc. grew its position in shares of Rolls-Royce Holdings PLC by 30.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company’s stock valued at $112,000 after purchasing an additional 1,658 shares during the period. Ascentis Independent Advisors acquired a new position in Rolls-Royce Holdings PLC in the first quarter valued at $350,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in Rolls-Royce Holdings PLC in the fourth quarter valued at $367,000. 0.07% of the stock is owned by institutional investors and hedge funds.

Rolls-Royce Holdings PLC Trading Down 4.1%

OTCMKTS RYCEY opened at $18.16 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 1.20. Rolls-Royce Holdings PLC has a one year low of $13.06 and a one year high of $20.19. The company’s 50 day moving average price is $17.99 and its 200 day moving average price is $17.29.

Wall Street Analysts Forecast Growth

RYCEY has been the subject of a number of recent analyst reports. Wells Fargo & Company upgraded shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Tuesday, March 31st. Berenberg Bank upgraded shares of Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 12th. Finally, BNP Paribas Exane started coverage on shares of Rolls-Royce Holdings PLC in a research note on Friday, May 29th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

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.