Congress Asset Management Company Lifted Its Rbc Bearings (ROLL) Stake by $860,958 as Shares Declined; Plains All Amern Pipeline L (PAA) Stock Rose While Ballentine Partners Has Increased Stake by $304,720

May 18, 2018 - By Linda Rogers

Ballentine Partners Llc increased its stake in Plains All Amern Pipeline L (PAA) by 22.2% based on its latest 2017Q4 regulatory filing with the SEC. Ballentine Partners Llc bought 15,236 shares as the company’s stock rose 2.32% while stock markets declined. The institutional investor held 83,858 shares of the energy company at the end of 2017Q4, valued at $1.73 million, up from 68,622 at the end of the previous reported quarter. Ballentine Partners Llc who had been investing in Plains All Amern Pipeline L for a number of months, seems to be bullish on the $19.58B market cap company. The stock decreased 0.85% or $0.21 during the last trading session, reaching $24.62. About 22,695 shares traded. Plains All American Pipeline, L.P. (NYSE:PAA) has declined 30.85% since May 18, 2017 and is downtrending. It has underperformed by 42.40% the S&P500.

Congress Asset Management Company increased its stake in Rbc Bearings Inc (ROLL) by 28.43% based on its latest 2017Q4 regulatory filing with the SEC. Congress Asset Management Company bought 6,833 shares as the company’s stock declined 4.34% with the market. The institutional investor held 30,871 shares of the metal fabrications company at the end of 2017Q4, valued at $3.90 million, up from 24,038 at the end of the previous reported quarter. Congress Asset Management Company who had been investing in Rbc Bearings Inc for a number of months, seems to be bullish on the $2.85 billion market cap company. The stock decreased 0.14% or $0.17 during the last trading session, reaching $120.76. About 9,656 shares traded. RBC Bearings Incorporated (NASDAQ:ROLL) has risen 31.39% since May 18, 2017 and is uptrending. It has outperformed by 19.84% the S&P500.

Congress Asset Management Company, which manages about $7.47 billion and $6.87B US Long portfolio, decreased its stake in Alphabet Inc Cl C by 735 shares to 16,080 shares, valued at $16.83M in 2017Q4, according to the filing. It also reduced its holding in Newell Rubbermaid Inc. (NYSE:NWL) by 112,824 shares in the quarter, leaving it with 125,001 shares, and cut its stake in Celgene Corp (NASDAQ:CELG).

Among 9 analysts covering RBC Bearings (NASDAQ:ROLL), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. RBC Bearings had 11 analyst reports since September 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, November 29 by C.L. King. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Tuesday, August 9. KeyBanc Capital Markets maintained the stock with “Hold” rating in Friday, September 15 report. Seaport Global Securities downgraded RBC Bearings Incorporated (NASDAQ:ROLL) on Friday, October 14 to “Neutral” rating. As per Wednesday, November 8, the company rating was maintained by Bank of America. Global Hunter Securities upgraded it to “Buy” rating and $69 target in Monday, September 28 report. The rating was maintained by Avondale with “Market Outperform” on Monday, March 21. The firm earned “Hold” rating on Tuesday, September 22 by TheStreet. Seaport Global Securities downgraded the shares of ROLL in report on Friday, November 6 to “Accumulate” rating.

Investors sentiment decreased to 1.58 in Q4 2017. Its down 0.42, from 2 in 2017Q3. It dropped, as 8 investors sold ROLL shares while 51 reduced holdings. 30 funds opened positions while 63 raised stakes. 23.58 million shares or 1.65% more from 23.19 million shares in 2017Q3 were reported. Morgan Stanley invested 0% in RBC Bearings Incorporated (NASDAQ:ROLL). Congress Asset Mngmt Ma accumulated 30,871 shares. Davis R M Incorporated stated it has 0.31% in RBC Bearings Incorporated (NASDAQ:ROLL). Fortaleza Asset holds 2,095 shares. Plante Moran Ltd Liability Co has 0% invested in RBC Bearings Incorporated (NASDAQ:ROLL). Fincl Bank Of Mellon owns 172,798 shares or 0.01% of their US portfolio. First Mercantile Tru Communication holds 0.11% of its portfolio in RBC Bearings Incorporated (NASDAQ:ROLL) for 4,252 shares. Parametric Port Associate Ltd Company reported 44,175 shares. 37,238 were accumulated by Sei Invests. California State Teachers Retirement System invested in 36,882 shares. Ahl Prns Limited Liability Partnership reported 3,273 shares. Eulav Asset Mngmt, New York-based fund reported 52,500 shares. First Republic Invest Management Inc reported 0.01% in RBC Bearings Incorporated (NASDAQ:ROLL). Mackenzie Financial Corp reported 0.01% of its portfolio in RBC Bearings Incorporated (NASDAQ:ROLL). Amalgamated Bank & Trust accumulated 3,186 shares or 0.01% of the stock.

More news for RBC Bearings Incorporated (NASDAQ:ROLL) were recently published by: Businesswire.com, which released: “RBC Bearings to Webcast Fourth Quarter Fiscal Year 2018 Results Earnings Conference Call May 30” on May 15, 2018. Globenewswire.com‘s article titled: “Research Report Identifies MCBC, Tompkins Financial, RBC Bearings, REX American Resources, United States Lime …” and published on May 01, 2018 is yet another important article.

Since February 14, 2018, it had 0 buys, and 7 selling transactions for $5.95 million activity. HARTNETT MICHAEL J had sold 27,421 shares worth $3.51M. Another trade for 4,500 shares valued at $563,890 was made by Faghri Amir on Friday, March 9. 4,900 shares were sold by LEVINE ALAN B, worth $566,930. Another trade for 5,000 shares valued at $624,590 was sold by Crainer Thomas C.

Investors sentiment increased to 0.72 in Q4 2017. Its up 0.09, from 0.63 in 2017Q3. It increased, as 42 investors sold PAA shares while 120 reduced holdings. 34 funds opened positions while 82 raised stakes. 311.82 million shares or 2.74% more from 303.49 million shares in 2017Q3 were reported. Susquehanna Int Ltd Liability Partnership has 0% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 61,263 shares. Glenmede Na owns 197,228 shares. Royal Bankshares Of Canada reported 410,498 shares. Wealthtrust Axiom Ltd stated it has 18,900 shares or 0.15% of all its holdings. Lucas Mgmt invested in 16,681 shares or 0.3% of the stock. Fdx Advsr owns 27,093 shares. Catawba Cap Va holds 25,260 shares or 0.12% of its portfolio. Inv House Limited Liability Co reported 0.08% in Plains All American Pipeline, L.P. (NYSE:PAA). The New York-based Williams Jones Ltd Liability Corp has invested 0.01% in Plains All American Pipeline, L.P. (NYSE:PAA). Cetera Advisor Lc accumulated 13,690 shares or 0.01% of the stock. Summit Equities Inc has invested 0.1% in Plains All American Pipeline, L.P. (NYSE:PAA). Moreover, Aull Monroe Investment Management has 0.12% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 11,500 shares. Income Ltd Liability invested 2.38% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA). One Natl Association accumulated 0.02% or 14,029 shares. Bb&T Corp stated it has 10,000 shares or 0% of all its holdings.

Ballentine Partners Llc, which manages about $4.78 billion and $1.83 billion US Long portfolio, decreased its stake in At&T Inc (NYSE:T) by 16,951 shares to 30,530 shares, valued at $1.19 million in 2017Q4, according to the filing. It also reduced its holding in Vanguard Whitehall Fds Inc (VYM) by 4,910 shares in the quarter, leaving it with 10,121 shares, and cut its stake in Ishares Tr (HYG).

Plains All American Pipeline, L.P. (NYSE:PAA) Institutional Positions Chart

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By1 Linda Rogers

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