Nelson Van Denburg & Campbell Wealth Management Group LLC, a prominent wealth management group, recently reported that it had decreased its holdings in RBC Bearings Incorporated (NASDAQ:ROLL) by 18.6% during the final quarter of last year, according to the company’s latest filing with the Securities & Exchange Commission. At the end of the quarter, it was estimated that the firm owned 4,770 shares worth $999,000 after selling 1,087 shares.
Shares in ROLL opened at $211.29 earlier this week. The manufacturing company has a 52-week low of $152.90 as well as a 52-week high of $264.94. Following a close review of data from HoldingsChannel.com and insider trades for RBC Bearings Incorporated (NASDAQ:ROLL), investors are understandably curious about what other hedge funds are currently holding onto shares of the company.
RBC Bearings Incorporated boasts impressive figures when it comes to its financial standing with a market cap of $6.11 billion and P/E ratio reaching an impressive figure – sitting at 102.57 at present date – along with a beta score of 1.34.
Experts in financial markets predict that despite Nelson Van Denburg & Campbell Wealth Management Group LLC reducing their holdings in ROLL for this past quarter they will be keeping eyes on developments pertaining to this manufacturing behemoth still proving to be an attractive investment avenue in months to come.
With these unfolding events and speculation surrounding movements within wealthy investor pools regarding various established companies, we look forward to seeing what shake-ups may occur within Silicon Valley ventures among others – always keeping ears open for useful insights into where lucrative opportunities lie within spaces ranging from automotives to pharmaceuticals and beyond; all categories which remain crucial drivers behind global economies while significantly shaping life-we-know-it- ultimately affecting both individuals as well as businesses alike across many industries worldwide daily.
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Hedge Funds Increase Positions in RBC Bearings, Indicating Positive Growth Trajectory
RBC Bearings, a leading manufacturer of precision bearings and components, has recently witnessed changes in the positions of various hedge funds. In the third quarter, Price T Rowe Associates Inc. MD increased its position in the company by 11.5%, owning over 2.8 million shares worth $597,880,000 as a result of purchasing an additional 296,178 shares during the last quarter. Principal Financial Group also raised its position in RBC Bearings by a whopping 1,195% during the fourth quarter, holding over 58 thousand shares valued at $12,281,000.
Grantham Mayo Van Otterloo & Co. LLC also acquired a new position in RBC Bearings while Jane Street Group LLC expanded its position by an astonishingly impressive percentage of 1,462.9% during the third quarter to own over 32 thousand shares currently valued at $6,820,000.
Mountain Pacific Investment Advisers Inc. ID made significant strides during the fourth quarter to increase its stake in RBC Bearings by 71.4%, amassing over 65 thousand shares worth $13,715,000 after acquiring an additional 27,293 shares during that period.
Separately from these developments involving different hedge funds’ positions against RBC Bearings’ stock value increases or decreases is StockNews.com’s recent coverage on RBC Bearings which indicates that it rates their hold performance on their stock market status quo.
With such widespread support among hedge funds and financial analysts alike for RBC Bearings’ stock value growth trajectory suggestive of imminent future expansion opportunities for this particular company within the aerospace/defense and industrial markets worldwide – anyone looking for dependable long-term investment options need not look any further than towards this globally well-known and respected firm that has been providing high-quality bearings and components since its inception!