Bowen Hanes & Co. Inc. Buys 1,211,310 Shares of Rolls-Royce Holdings PLC $RYCEY

Bowen Hanes & Co. Inc. lifted its stake in Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) by 42.8% in the second quarter, Holdings Channel.com reports. The firm owned 4,043,310 shares of the aerospace company’s stock after buying an additional 1,211,310 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Rolls-Royce Holdings PLC were worth $54,099,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Rhumbline Advisers lifted its position in Rolls-Royce Holdings PLC by 1.5% in the second quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company’s stock worth $1,103,000 after buying an additional 1,205 shares during the last quarter. L & S Advisors Inc lifted its holdings in shares of Rolls-Royce Holdings PLC by 16.4% in the 2nd quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company’s stock worth $3,854,000 after acquiring an additional 40,691 shares during the last quarter. Torray Investment Partners LLC bought a new stake in shares of Rolls-Royce Holdings PLC in the 2nd quarter worth about $669,000. Yousif Capital Management LLC boosted its stake in shares of Rolls-Royce Holdings PLC by 7.8% during the 2nd quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company’s stock worth $1,419,000 after purchasing an additional 7,705 shares during the period. Finally, Sterling Investment Advisors Ltd. bought a new position in Rolls-Royce Holdings PLC during the 2nd quarter valued at about $174,000. Hedge funds and other institutional investors own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on RYCEY shares. Royal Bank Of Canada initiated coverage on Rolls-Royce Holdings PLC in a research report on Tuesday. They set an “outperform” rating for the company. The Goldman Sachs Group started coverage on Rolls-Royce Holdings PLC in a report on Friday, September 19th. They set a “buy” rating for the company. Finally, Berenberg Bank raised Rolls-Royce Holdings PLC to a “hold” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Down 1.7%

Shares of OTCMKTS:RYCEY opened at $13.70 on Friday. The firm’s 50 day simple moving average is $15.31 and its 200-day simple moving average is $13.86. Rolls-Royce Holdings PLC has a one year low of $6.72 and a one year high of $16.27.

Rolls-Royce Holdings PLC Profile

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.