Bank of Montreal Can grew its stake in shares of RBC Bearings Incorporated (NYSE:RBCP – Free Report) by 1,199,900.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,000 shares of the company’s stock after acquiring an additional 35,997 shares during the period. Bank of Montreal Can’s holdings in RBC Bearings were worth $4,407,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of RBCP. Van ECK Associates Corp increased its holdings in RBC Bearings by 12.3% in the 2nd quarter. Van ECK Associates Corp now owns 183,295 shares of the company’s stock worth $22,415,000 after acquiring an additional 20,019 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in RBC Bearings during the first quarter worth about $455,000. Aequim Alternative Investments LP increased its stake in shares of RBC Bearings by 24.2% in the first quarter. Aequim Alternative Investments LP now owns 385,000 shares of the company’s stock worth $47,005,000 after purchasing an additional 75,000 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of RBC Bearings in the first quarter valued at approximately $432,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of RBC Bearings during the 1st quarter valued at approximately $10,633,000.
RBC Bearings Stock Up 1.4 %
RBCP opened at $133.21 on Wednesday. RBC Bearings Incorporated has a 12 month low of $103.29 and a 12 month high of $136.40. The company has a 50 day moving average of $128.64 and a 200 day moving average of $124.78.
RBC Bearings Dividend Announcement
About RBC Bearings
RBC Bearings Incorporated manufactures and markets engineered precision bearings, components, and systems 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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