RBC Bearings (NASDAQ:ROLL) Now Covered by StockNews.com

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

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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.