Strs Ohio Boosts Holdings in RBC Bearings Incorporated (NASDAQ:ROLL)

Strs Ohio raised its stake in shares of RBC Bearings Incorporated (NASDAQ:ROLLGet Rating) by 16.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,200 shares of the company’s stock after purchasing an additional 600 shares during the period. Strs Ohio’s holdings in RBC Bearings were worth $872,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted 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 valued at $148,000 after purchasing an additional 153 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in RBC Bearings during the third quarter valued at $619,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in 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 valued at $1,217,000 after purchasing an additional 661 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in shares of RBC Bearings by 2.1% in the third quarter. DAVENPORT & Co LLC now owns 8,022 shares of the company’s stock worth $1,667,000 after buying an additional 162 shares in the last quarter. Finally, 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 worth $6,145,000 after buying an additional 2,241 shares in the last quarter.

Analyst Upgrades and Downgrades

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

RBC Bearings Trading Down 3.7 %

NASDAQ:ROLL opened at $212.38 on Monday. The stock has a 50-day simple moving average of $224.51. RBC Bearings Incorporated has a twelve month low of $152.90 and a twelve month high of $264.94.

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.

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

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