According to Zacks, “ROLLS ROYCE, a world-leading provider of power systems and services for use on land, at sea and in the air, operates in four global markets – civil aerospace, defence aerospace, marine and energy. It continues to invest in core technologies, products, people and capabilities with the objective of broadening and strengthening the product portfolio, improving efficiency and enhancing the environmental performance of its products. These investments create high barriers to entry. “
Separately, ValuEngine raised shares of Rolls-Royce Holding PLC from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Rolls-Royce Holding PLC presently has a consensus rating of “Buy”.
Several institutional investors and hedge funds have recently made changes to their positions in RYCEY. Canandaigua National Bank & Trust Co. bought a new position in Rolls-Royce Holding PLC in the second quarter valued at approximately $108,000. Park National Corp OH bought a new position in Rolls-Royce Holding PLC in the second quarter valued at approximately $127,000. Finally, Parametric Portfolio Associates LLC increased its stake in Rolls-Royce Holding PLC by 5.7% in the second quarter. Parametric Portfolio Associates LLC now owns 2,316,891 shares of the aerospace company’s stock valued at $24,976,000 after acquiring an additional 123,932 shares during the last quarter. 0.14% of the stock is currently owned by institutional investors.
About Rolls-Royce Holding PLC
Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates through four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment manufactures aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.
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