Analysts at StockNews.com started coverage on shares of RBC Bearings (NASDAQ:ROLL – Get Rating) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the stock.
RBC Bearings Trading Down 0.4 %
Shares of ROLL opened at $220.71 on Wednesday. The firm has a market cap of $6.39 billion, a P/E ratio of 107.14 and a beta of 1.34. The company’s 50-day moving average price is $222.11 and its 200 day moving average price is $228.00. RBC Bearings has a 12-month low of $152.90 and a 12-month high of $264.94.
Hedge Funds Weigh In On RBC Bearings
Institutional investors have recently bought and sold shares of the company. MetLife Investment Management LLC grew its position in RBC Bearings by 1.6% in the 3rd quarter. MetLife Investment Management LLC now owns 15,063 shares of the company’s stock valued at $3,130,000 after acquiring an additional 237 shares in the last quarter. Royce & Associates LP grew its position in RBC Bearings by 22.2% in the 3rd quarter. Royce & Associates LP now owns 182,825 shares of the company’s stock valued at $37,993,000 after acquiring an additional 33,157 shares in the last quarter. Advisors Capital Management LLC grew its position in shares of RBC Bearings by 22.5% during the third quarter. Advisors Capital Management LLC now owns 23,696 shares of the company’s stock worth $5,794,000 after buying an additional 4,346 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of RBC Bearings during the third quarter worth about $385,000. Finally, MQS Management LLC acquired a new position in shares of RBC Bearings during the third quarter worth about $236,000.
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.
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