Central Pacific Bank Trust Division Takes $432,000 Position in RBC Bearings Incorporated (NYSE:RBCP)

Central Pacific Bank Trust Division acquired a new stake in RBC Bearings Incorporated (NYSE:RBCPFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,525 shares of the company’s stock, valued at approximately $432,000.

Several other institutional investors also recently bought and sold shares of RBCP. Mirae Asset Global Investments Co. Ltd. acquired a new position in RBC Bearings in the 1st quarter valued at $10,633,000. Weiss Asset Management LP purchased a new stake in shares of RBC Bearings during the 4th quarter worth $6,516,000. SSI Investment Management LLC boosted its position in shares of RBC Bearings by 169.7% during the 4th quarter. SSI Investment Management LLC now owns 65,665 shares of the company’s stock worth $8,553,000 after purchasing an additional 41,320 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of RBC Bearings by 13.1% during the 4th quarter. Wells Fargo & Company MN now owns 188,665 shares of the company’s stock worth $24,491,000 after purchasing an additional 21,900 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of RBC Bearings by 11.9% during the 1st quarter. Van ECK Associates Corp now owns 163,276 shares of the company’s stock worth $19,934,000 after purchasing an additional 17,418 shares in the last quarter.

RBC Bearings Price Performance

Shares of NYSE RBCP traded up $0.68 during trading on Wednesday, hitting $124.24. 4,773 shares of the company were exchanged, compared to its average volume of 17,206. RBC Bearings Incorporated has a 1 year low of $101.97 and a 1 year high of $133.34. The firm’s fifty day moving average price is $124.24 and its 200 day moving average price is $123.09.

RBC Bearings Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be given a dividend of $1.25 per share. The ex-dividend date is Monday, July 1st. This represents a $5.00 annualized dividend and a dividend yield of 4.02%.

RBC Bearings Company Profile

(Free Report)

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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Institutional Ownership by Quarter for RBC Bearings (NYSE:RBCP)

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