Analysts at StockNews.com initiated coverage on shares of RBC Bearings (NASDAQ:ROLL – Get Rating) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.
RBC Bearings Stock Down 3.0 %
ROLL stock opened at $215.43 on Tuesday. The stock has a market cap of $6.23 billion, a P/E ratio of 104.58 and a beta of 1.34. RBC Bearings has a 12 month low of $152.90 and a 12 month high of $264.94. The business has a 50-day moving average of $233.09.
Institutional Investors Weigh In On RBC Bearings
Institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of RBC Bearings by 3.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,980,496 shares of the company’s stock worth $623,967,000 after purchasing an additional 103,450 shares during the last quarter. Durable Capital Partners LP raised its holdings in RBC Bearings by 9.0% during the fourth quarter. Durable Capital Partners LP now owns 1,855,997 shares of the company’s stock worth $388,553,000 after purchasing an additional 153,744 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of RBC Bearings by 0.4% in the fourth quarter. Clearbridge Investments LLC now owns 1,254,631 shares of the company’s stock valued at $262,657,000 after purchasing an additional 4,538 shares during the last quarter. State Street Corp grew its position in shares of RBC Bearings by 1.1% in the third quarter. State Street Corp now owns 582,165 shares of the company’s stock valued at $120,980,000 after purchasing an additional 6,121 shares during the last quarter. Finally, Geneva Capital Management LLC boosted its position in RBC Bearings by 5.0% during the third quarter. Geneva Capital Management LLC now owns 574,349 shares of the company’s stock worth $119,355,000 after acquiring an additional 27,189 shares during the last quarter.
RBC Bearings Company Profile
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components 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.
- Get a free copy of the StockNews.com research report on RBC Bearings (ROLL)
- First Republic: First Rate Risk or Time To Buy?
- These Hedge Funds Are Getting Crushed By SVB
- Buy The Dip In The Charles Schwab Corporation
- ZIM Integrated Shipping Services: Up 15% But Don’t Chase It
- FedEx Is A Buy Going Into Earnings
Receive News & Ratings for RBC Bearings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings and related companies with MarketBeat.com's FREE daily email newsletter.