RBC Bearings (NASDAQ:ROLL) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com started coverage on shares of RBC Bearings (NASDAQ:ROLL) in a research note issued to investors on Thursday. The firm set a “hold” rating on the stock.

RBC Bearings Trading Up 0.8 %

Shares of ROLL opened at $238.77 on Thursday. RBC Bearings has a twelve month low of $152.90 and a twelve month high of $264.94. The firm’s fifty day simple moving average is $225.01 and its 200-day simple moving average is $221.39. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 115.91 and a beta of 1.34.

Institutional Investors Weigh In On RBC Bearings

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Amalgamated Bank grew its position in shares of RBC Bearings by 1.2% in the 4th quarter. Amalgamated Bank now owns 3,866 shares of the company’s stock valued at $809,000 after buying an additional 45 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in shares of RBC Bearings by 3.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 1,752 shares of the company’s stock valued at $367,000 after buying an additional 56 shares during the last quarter. Metropolitan Life Insurance Co NY grew its position in shares of RBC Bearings by 3.3% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,752 shares of the company’s stock valued at $367,000 after buying an additional 56 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of RBC Bearings by 70.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 205 shares of the company’s stock valued at $43,000 after buying an additional 85 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of RBC Bearings by 34.4% in the 4th quarter. Lazard Asset Management LLC now owns 410 shares of the company’s stock valued at $85,000 after buying an additional 105 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.