Fifth Third Bancorp Decreases Position in RBC Bearings Incorporated (NASDAQ:ROLL)

Fifth Third Bancorp cut its stake in RBC Bearings Incorporated (NASDAQ:ROLLGet Rating) by 16.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 319 shares of the company’s stock after selling 61 shares during the quarter. Fifth Third Bancorp’s holdings in RBC Bearings were worth $66,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. purchased a new position in RBC Bearings in the 3rd quarter valued at about $619,000. DAVENPORT & Co LLC lifted its stake in RBC Bearings by 2.1% in the 3rd quarter. DAVENPORT & Co LLC now owns 8,022 shares of the company’s stock valued at $1,667,000 after buying an additional 162 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in RBC Bearings by 8.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 29,568 shares of the company’s stock valued at $6,145,000 after buying an additional 2,241 shares in the last quarter. Mountain Pacific Investment Advisers Inc. ID lifted its stake in RBC Bearings by 24.1% in the 3rd quarter. Mountain Pacific Investment Advisers Inc. ID now owns 38,220 shares of the company’s stock valued at $7,942,000 after buying an additional 7,427 shares in the last quarter. Finally, Whittier Trust Co. lifted its stake in RBC Bearings by 4.7% in the 3rd quarter. Whittier Trust Co. now owns 54,678 shares of the company’s stock valued at $11,362,000 after buying an additional 2,444 shares in the last quarter.

Analyst Ratings Changes

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

RBC Bearings Price Performance

ROLL stock opened at $225.03 on Friday. RBC Bearings Incorporated has a 12 month low of $152.90 and a 12 month high of $264.94. The company has a 50-day simple moving average of $224.51.

RBC Bearings Company 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.

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

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