California Public Employees Retirement System Grows Stake in RBC Bearings Incorporated (NASDAQ:ROLL)

California Public Employees Retirement System raised its stake in shares of RBC Bearings Incorporated (NASDAQ:ROLL – Get Rating) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,203 shares of the company’s stock after buying an additional 1,391 shares during the quarter. California Public Employees Retirement System owned about 0.22% of RBC Bearings worth $13,232,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in RBC Bearings by 40.4% during the 3rd quarter. IFP Advisors Inc now owns 313 shares of the company’s stock valued at $40,000 after buying an additional 90 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in RBC Bearings by 27.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 716 shares of the company’s stock valued at $148,000 after buying an additional 153 shares during the last quarter. FourThought Financial LLC grew its holdings in RBC Bearings by 9.0% during the 3rd quarter. FourThought Financial LLC now owns 750 shares of the company’s stock valued at $156,000 after buying an additional 62 shares during the last quarter. Van ECK Associates Corp grew its holdings in RBC Bearings by 10.0% during the 3rd quarter. Van ECK Associates Corp now owns 773 shares of the company’s stock valued at $161,000 after buying an additional 70 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of RBC Bearings during the third quarter worth $222,000.

RBC Bearings Stock Down 3.7 %

ROLL stock opened at $212.38 on Monday. The stock’s fifty day simple moving average is $223.09 and its 200-day simple moving average is $228.32. RBC Bearings Incorporated has a 52-week low of $152.90 and a 52-week high of $264.94. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 105.82 and a beta of 1.34.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on RBC Bearings in a report on Tuesday, May 9th. They set a “hold” rating on the stock.

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.