US Bancorp DE Reduces Holdings in RBC Bearings Incorporated (NASDAQ:ROLL)

US Bancorp DE decreased its position in RBC Bearings Incorporated (NASDAQ:ROLLGet Rating) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,093 shares of the company’s stock after selling 142 shares during the period. US Bancorp DE’s holdings in RBC Bearings were worth $2,513,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ROLL. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of RBC Bearings by 12.7% in the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 5,857 shares of the company’s stock valued at $1,217,000 after buying an additional 661 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of RBC Bearings by 40.0% in the third quarter. Raymond James & Associates now owns 154,713 shares of the company’s stock valued at $32,151,000 after acquiring an additional 44,211 shares in the last quarter. Mountain Pacific Investment Advisers Inc. ID lifted its stake in shares of RBC Bearings by 24.1% in the third quarter. Mountain Pacific Investment Advisers Inc. ID now owns 38,220 shares of the company’s stock valued at $7,942,000 after purchasing an additional 7,427 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of RBC Bearings by 8.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 29,568 shares of the company’s stock valued at $6,145,000 after purchasing an additional 2,241 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of RBC Bearings by 27.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 716 shares of the company’s stock valued at $148,000 after purchasing an additional 153 shares during the period.

RBC Bearings Stock Down 0.5 %

RBC Bearings stock opened at $223.83 on Friday. RBC Bearings Incorporated has a 1 year low of $152.90 and a 1 year high of $264.94. The firm has a 50 day moving average of $224.51.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of RBC Bearings in a research report on Monday, January 9th. They set a “hold” rating for the company.

RBC Bearings Profile

(Get Rating)

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.

See Also

Institutional Ownership by Quarter for RBC Bearings (NASDAQ:ROLL)

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