RBC Bearings (NASDAQ:ROLL) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of RBC Bearings (NASDAQ:ROLL) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the stock.

RBC Bearings Stock Down 0.6 %

NASDAQ:ROLL opened at $250.16 on Wednesday. The stock has a market cap of $7.24 billion, a PE ratio of 121.44 and a beta of 1.34. The business’s 50-day simple moving average is $264.69 and its two-hundred day simple moving average is $257.20. RBC Bearings has a 52 week low of $152.90 and a 52 week high of $264.94.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ROLL. Compass Wealth Management LLC purchased a new stake in RBC Bearings during the 4th quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of RBC Bearings by 70.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 205 shares of the company’s stock worth $43,000 after acquiring an additional 85 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of RBC Bearings by 34.4% during the fourth quarter. Lazard Asset Management LLC now owns 410 shares of the company’s stock worth $85,000 after acquiring an additional 105 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in RBC Bearings by 72.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 626 shares of the company’s stock valued at $131,000 after acquiring an additional 262 shares in the last quarter. Finally, Point72 Middle East FZE bought a new stake in RBC Bearings in the 4th quarter valued at $189,000.

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.