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

Research analysts at StockNews.com began coverage on shares of RBC Bearings (NASDAQ:ROLL) in a research note issued on Wednesday. The brokerage set a “hold” rating on the stock.

RBC Bearings Price Performance

ROLL stock opened at $250.16 on Wednesday. The company has a market cap of $7.24 billion, a P/E ratio of 121.44 and a beta of 1.34. RBC Bearings has a 1 year low of $152.90 and a 1 year high of $264.94. The stock’s fifty day moving average price is $265.67 and its 200-day moving average price is $257.13.

Hedge Funds Weigh In On RBC Bearings

Institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new position in RBC Bearings in the 4th quarter worth $528,000. Metropolitan Life Insurance Co NY raised its holdings in RBC Bearings by 3.3% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,752 shares of the company’s stock worth $367,000 after purchasing an additional 56 shares during the period. Pathstone Family Office LLC bought a new position in RBC Bearings in the 3rd quarter worth $301,000. PFS Investments Inc. raised its holdings in RBC Bearings by 13.0% in the 4th quarter. PFS Investments Inc. now owns 1,379 shares of the company’s stock worth $289,000 after purchasing an additional 159 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new position in RBC Bearings in the 3rd quarter worth $277,000.

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.