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

Analysts at StockNews.com began coverage on shares of RBC Bearings (NASDAQ:ROLL - Get Free Report) in a research report issued to clients and investors on Thursday. The firm set a "hold" rating on the stock.

ROLL opened at $222.13 on Thursday. The business's 50-day simple moving average is $214.15 and its 200-day simple moving average is $222.95. RBC Bearings has a one year low of $152.90 and a one year high of $264.94. The stock has a market capitalization of $6.43 billion, a P/E ratio of 107.83 and a beta of 1.34.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Compass Wealth Management LLC purchased a new position in shares of RBC Bearings during the fourth quarter worth about $31,000. Northwestern Mutual Wealth Management Co. boosted its holdings in RBC Bearings by 70.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 205 shares of the company's stock valued at $43,000 after purchasing an additional 85 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in RBC Bearings by 34.4% in the 4th quarter. Lazard Asset Management LLC now owns 410 shares of the company's stock valued at $85,000 after purchasing an additional 105 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in RBC Bearings by 72.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 626 shares of the company's stock valued at $131,000 after purchasing an additional 262 shares in the last quarter. Finally, Point72 Middle East FZE purchased a new stake in RBC Bearings in the 4th quarter valued at approximately $189,000.

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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