RBC Bearings (NYSE:RBCP) Shares Up 0.4% – Here’s What Happened

RBC Bearings Incorporated (NYSE:RBCP)’s share price traded up 0.4% during trading on Tuesday . The company traded as high as $124.26 and last traded at $123.98. 678,000 shares were traded during trading, an increase of 1,763% from the average session volume of 36,387 shares. The stock had previously closed at $123.51.

RBC Bearings Trading Up 0.4 %

The stock has a fifty day moving average of $127.51 and a 200 day moving average of $125.76.

RBC Bearings Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a $1.25 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $5.00 annualized dividend and a dividend yield of 4.03%.

Hedge Funds Weigh In On RBC Bearings

Several hedge funds have recently made changes to their positions in the stock. BlueCrest Capital Management Ltd bought a new stake in shares of RBC Bearings during the 1st quarter valued at $455,000. Bank of Montreal Can lifted its stake in shares of RBC Bearings by 1,199,900.0% in the 2nd quarter. Bank of Montreal Can now owns 36,000 shares of the company’s stock valued at $4,407,000 after purchasing an additional 35,997 shares during the period. Van ECK Associates Corp lifted its stake in shares of RBC Bearings by 12.3% in the 2nd quarter. Van ECK Associates Corp now owns 183,295 shares of the company’s stock valued at $22,415,000 after purchasing an additional 20,019 shares during the period. Finally, Aequim Alternative Investments LP lifted its stake in shares of RBC Bearings by 24.2% in the 1st quarter. Aequim Alternative Investments LP now owns 385,000 shares of the company’s stock valued at $47,005,000 after purchasing an additional 75,000 shares during the period.

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.