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

StockNews.com initiated coverage on shares of RBC Bearings (NASDAQ:ROLL) in a report issued on Wednesday. The firm issued a hold rating on the stock.

RBC Bearings Trading Down 0.6 %

NASDAQ:ROLL opened at $250.16 on Wednesday. The firm has a fifty day simple moving average of $264.69 and a 200-day simple moving average of $257.20. RBC Bearings has a 12 month low of $152.90 and a 12 month high of $264.94. The company has a market capitalization of $7.24 billion, a P/E ratio of 121.44 and a beta of 1.34.

Institutional Trading of RBC Bearings

Several large investors have recently added to or reduced their stakes in ROLL. Price T Rowe Associates Inc. MD lifted its holdings in shares of RBC Bearings by 3.6% during the fourth 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 period. Durable Capital Partners LP raised its position in RBC Bearings by 9.0% during the 4th quarter. Durable Capital Partners LP now owns 1,855,997 shares of the company’s stock worth $388,553,000 after buying an additional 153,744 shares during the last quarter. State Street Corp lifted its stake in RBC Bearings by 1.1% during the 3rd quarter. State Street Corp now owns 582,165 shares of the company’s stock valued at $120,980,000 after acquiring an additional 6,121 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of RBC Bearings by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 333,933 shares of the company’s stock valued at $69,909,000 after acquiring an additional 7,237 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of RBC Bearings in the fourth quarter worth $41,855,000.

About RBC Bearings

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.