Cwm LLC trimmed its holdings in RBC Bearings Incorporated (NASDAQ:ROLL – Get Rating) by 26.3% during the third quarter, Holdings Channel reports. The institutional investor owned 137 shares of the company’s stock after selling 49 shares during the period. Cwm LLC’s holdings in RBC Bearings were worth $28,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. DAVENPORT & Co LLC raised its holdings in shares of RBC Bearings by 2.1% in the 3rd 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. Mountain Pacific Investment Advisers Inc. ID raised its holdings in shares of 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 worth $7,942,000 after purchasing an additional 7,427 shares during the period. Whittier Trust Co. raised its holdings in shares of RBC Bearings by 4.7% in the 3rd quarter. Whittier Trust Co. now owns 54,678 shares of the company’s stock worth $11,362,000 after purchasing an additional 2,444 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of 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 worth $6,145,000 after purchasing an additional 2,241 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of RBC Bearings in the 3rd quarter worth about $619,000.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on RBC Bearings in a report on Tuesday, January 17th. They issued a “hold” rating on the stock.
RBC Bearings Trading Up 3.2 %
RBC Bearings Profile
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.
- Get a free copy of the StockNews.com research report on RBC Bearings (ROLL)
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