StockNews.com Begins Coverage on RBC Bearings (NASDAQ:ROLL)

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

RBC Bearings Stock Performance

ROLL stock opened at $244.86 on Wednesday. The company’s 50-day simple moving average is $264.38 and its 200 day simple moving average is $257.10. RBC Bearings has a 52 week low of $152.90 and a 52 week high of $264.94. The company has a market capitalization of $7.08 billion, a PE ratio of 118.86 and a beta of 1.34.

Institutional Investors Weigh In On RBC Bearings

A number of large investors have recently bought and sold shares of the company. Natixis acquired a new stake in RBC Bearings during the fourth quarter worth about $1,651,000. Northwestern Mutual Wealth Management Co. grew its stake in 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 buying an additional 85 shares in the last quarter. Compass Wealth Management LLC acquired a new stake in RBC Bearings during the fourth quarter worth about $31,000. Alliancebernstein L.P. grew its stake in RBC Bearings by 3.8% during the fourth quarter. Alliancebernstein L.P. now owns 33,994 shares of the company’s stock worth $7,117,000 after buying an additional 1,251 shares in the last quarter. Finally, Point72 Middle East FZE acquired a new stake in RBC Bearings during the fourth quarter worth about $189,000.

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.