RBC Bearings Trading Down 0.7 %
NASDAQ:ROLL opened at $240.99 on Friday. RBC Bearings has a twelve month low of $152.90 and a twelve month high of $264.94. The company has a 50-day moving average of $231.45 and a 200-day moving average of $223.62. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 116.99 and a beta of 1.34.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in RBC Bearings by 3.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,980,496 shares of the company’s stock valued at $623,967,000 after purchasing an additional 103,450 shares in the last quarter. Durable Capital Partners LP lifted its stake in RBC Bearings by 9.0% in the fourth quarter. Durable Capital Partners LP now owns 1,855,997 shares of the company’s stock valued at $388,553,000 after acquiring an additional 153,744 shares during the last quarter. State Street Corp lifted its stake in RBC Bearings by 1.1% in the third quarter. State Street Corp now owns 582,165 shares of the company’s stock valued at $120,980,000 after acquiring an additional 6,121 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in RBC Bearings by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 333,933 shares of the company’s stock valued at $69,909,000 after acquiring an additional 7,237 shares during the last quarter. Finally, Norges Bank acquired a new stake in RBC Bearings in the fourth quarter valued at approximately $41,855,000.
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.
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