RBC Bearings Incorporated (NASDAQ:ROLL) Stake Raised by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in RBC Bearings Incorporated (NASDAQ:ROLLGet Rating) by 10.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 773 shares of the company’s stock after acquiring an additional 70 shares during the quarter. Van ECK Associates Corp’s holdings in RBC Bearings were worth $161,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in RBC Bearings by 27.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 716 shares of the company’s stock worth $148,000 after buying an additional 153 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in RBC Bearings during the third quarter worth approximately $619,000. Strs Ohio boosted its holdings in RBC Bearings by 16.7% during the third quarter. Strs Ohio now owns 4,200 shares of the company’s stock worth $872,000 after buying an additional 600 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of RBC Bearings by 12.7% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 5,857 shares of the company’s stock worth $1,217,000 after purchasing an additional 661 shares during the period. Finally, DAVENPORT & Co LLC raised its position in shares of RBC Bearings by 2.1% during the third quarter. DAVENPORT & Co LLC now owns 8,022 shares of the company’s stock worth $1,667,000 after purchasing an additional 162 shares during the period.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on RBC Bearings in a research report on Tuesday. They set a “hold” rating on the stock.

RBC Bearings Stock Up 3.5 %

Shares of ROLL opened at $231.74 on Thursday. RBC Bearings Incorporated has a one year low of $152.90 and a one year high of $264.94. The stock has a 50-day moving average price of $223.56.

About RBC Bearings

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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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