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Geneva Capital Management LLC holds the fourth largest position in RBC Bearings Incorporated (NASDAQ:ROLL).

Geneva Capital Management LLC holds the fourth largest position in RBC Bearings Incorporated (NASDAQ:ROLL).

The most recent filing that RBC Bearings Incorporated made with the Securities and Exchange Commission revealed that Geneva Capital Management LLC increased its holdings in the company during the third quarter. This information was provided in the filing. The company’s stocks are traded on the NASDAQ under the “ROLL.” Following the acquisition of an additional 27,189 shares throughout the preceding period, the corporation now held a total of 574,349 shares of stock. RBC Bearings is held by Geneva Capital Management LLC, making up 2.8% of the company’s portfolio and ranking as the company’s fourth-largest holding. Geneva Capital Management LLC was the owner of approximately 1.99% of RBC Bearings at the end of the most recent quarter, giving the investment a value of $119,355,000.

Many other institutional investors and hedge funds have increased or decreased the percentage of the company’s stock they own throughout the past few months. Allspring Global Investments Holdings LLC successfully gained a 27.2% increase in the proportion of RBC Bearings stock owned by the end of the third quarter. Allspring Global Investments Holdings LLC now holds 716 shares after purchasing an additional 153 in the most recent quarter. The stock is currently valued at $148,000, and Allspring Global Investments Holdings LLC has a stake equal to this amount. During the company’s third fiscal quarter, Van ECK Associates Corp.’s ownership of RBC Bearings stock increased by 10.0%, bringing the total percentage of shares owned to 100%. As a result of the acquisition of an additional 70 shares during the most recent quarter, Van ECK Associates Corp. now holds a total of 773 shares of the company’s stock, which have a value of $161,000; Great West Life Assurance Company of Canada invested a total of 303,000 Canadian dollars in RBC Bearings during the third quarter of this fiscal year. Raymond James Financial Services Advisors Inc. spent approximately 619 thousand dollars during the third quarter to increase its investment in RBC Bearings as part of an expansion of that company’s holdings. In the third quarter, Strs Ohio increased the percentage of RBC Bearings stock owned by 16.7%, making this the last and most important point. It has been determined that Strs Ohio now holds 1,600 shares of the company’s stock, bringing the total number of shares held by the company to 4,200, with a value of $872,000.

On the same day it started covering the company, on January 9th, released a research report on the shares of RBC Bearings. The report was published that day. They recommended that shareholders “hold” their shares of the company.

On Monday, trading in ROLL got underway for $212.38. During the previous year, the price of RBC Bearings Incorporated moved from a low of $152.90 to a high of $264.94. The share price is $224.51, which is higher than its fifty-day moving average.

RBC Bearings Incorporated is an industry leader in the design, production, and distribution of engineered precision bearings and components across the globe, including in the United States of America. It participates in business activities in two separate markets: the industrial and aerospace and defense sectors. Plain bearings with metal-to-metal designs or self-lubricating designs, such as rod end bearings, plain spherical bearings, and journal bearings; ball bearings, including high precision aerospace, airframe control, and thin section bearings; and roller bearings, including tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products used in industrial applications and military aircraft.


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