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

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

Rolls-Royce Holdings PLC Stock Up 5.3%

RYCEY opened at $16.24 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.20 and a quick ratio of 0.91. Rolls-Royce Holdings PLC has a 12-month low of $8.01 and a 12-month high of $18.98. The firm has a 50 day moving average of $17.06 and a two-hundred day moving average of $16.03.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RYCEY. ORG Partners LLC boosted its holdings in Rolls-Royce Holdings PLC by 115.3% in the third quarter. ORG Partners LLC now owns 1,970 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 1,055 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Rolls-Royce Holdings PLC during the 4th quarter worth about $33,000. Kelleher Financial Advisors purchased a new position in shares of Rolls-Royce Holdings PLC during the 3rd quarter valued at about $37,000. Salomon & Ludwin LLC raised its stake in shares of Rolls-Royce Holdings PLC by 2,646.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 3,049 shares of the aerospace company’s stock valued at $48,000 after buying an additional 2,938 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Rolls-Royce Holdings PLC by 30.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company’s stock valued at $112,000 after buying an additional 1,658 shares during the period. Hedge funds and other institutional investors own 0.07% of the company’s stock.

Rolls-Royce Holdings PLC Company Profile

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.