In a surprising turn of events, Nisa Investment Advisors LLC increased its position in RBC Bearings Incorporated (NASDAQ:ROLL) by a whopping 2,329.5%. This recent disclosure by the SEC has taken the financial world by storm, with many experts speculating as to the reasons behind such a surprising move.
Nisa Investment Advisors LLC significantly increased its stake in RBC Bearings by purchasing an additional 14,000 shares in the fourth quarter, according to the filing. As a result, the company now owns approximately 14,601 shares of RBC Bearings stock, which is estimated to be worth $3,057,000 according to the latest SEC filings.
Given the significant growth in Nisa Investment Advisors LLC’s holding in RBC Bearings, it’s clear that they are confident in the company’s future prospects. But why such a large investment from one of America’s leading investment advisors?
Interestingly, StockNews.com covered RBC Bearings on Sunday. However, Nisa Investment Advisors LLC has not yet commented on this report. Some market analysts see the move as evidence of growing interest and confidence in the company’s long-term potential. Market players suggest that RBC Bearings’ earnings forecasts are positive, offering excellent growth prospects for investors looking for stable returns.
If you are interested in other hedge funds holding ROLL or want to learn more about insider trading related to this particular stock option, please visit HoldingsChannel.com. Here you can access the latest 13F filings and reports from industry-leading hedge funds that may be involved in investing in preferred stock.
Overall, there seems to be a growing buzz around the appeal of RBC Bearings within various investment circles. Only time will tell if Nisa Investment Advisors LLC’s brilliant move will continue to fuel these rumors, or if this change was just another prosperous blip. situation.
Surge in investment in RBC bearings: Whittier Trust and others boost holdings
Investment in RBC Bearings grows as Whittier Trust & Others boosts stake
RBC Bearings Incorporated has recently seen increased investment from institutional investors and hedge funds such as Whittier Trust Co. and Raymond James Financial Services Advisors Inc. Whittier Trust Co. of Nevada took out an 8.2% stake. Meanwhile, Raymond James Financial Services Advisors Inc. said he bought $619,000 worth of new stock in the third quarter.
Nelson Van Denburg & Campbell Wealth Management Group also increased its position in RBC Bearings by 12.7%, owning more than 5,800 shares worth $1,217,000.
NASDAQ:ROLL opened Tuesday at $221.40 with a market cap of $6.41 billion and a P/E ratio of 107.48 beta, or 1.34 per share. The company has a 50-day moving average of $226.64 and a 200-day moving average of $228.42.
RBC Bearings is a U.S. global manufacturer and marketer of precision bearings designed for industrial and aerospace defense applications.
The company manufactures anti-friction products such as plain bearings, including rod-end bearings, and spherical plain bearings for military aircraft platforms. Roller bearing components such as tapered roller bearings and industrial needle roller bearings. Ball bearings that use precision ball elements to reduce friction, primarily for use in high speed applications.
RBC Bearing’s shareholders continue to bet on generating stable returns by serving the industrial and aerospace sectors around the world with a highly engineered product line. unstable period.