RBC Bearings (NASDAQ:ROLL) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of RBC Bearings (NASDAQ:ROLLGet Rating) in a research note released on Tuesday morning. The firm issued a hold rating on the stock.

RBC Bearings Trading Down 1.7 %

ROLL opened at $245.96 on Tuesday. RBC Bearings has a 1-year low of $152.90 and a 1-year high of $264.94.

Institutional Trading of RBC Bearings

Several institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of RBC Bearings by 11.5% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 2,877,046 shares of the company’s stock valued at $597,880,000 after purchasing an additional 296,178 shares during the period. State Street Corp raised its position in shares of RBC Bearings by 1.1% during the 3rd quarter. State Street Corp now owns 582,165 shares of the company’s stock valued at $120,980,000 after purchasing an additional 6,121 shares during the period. Geneva Capital Management LLC raised its position in shares of RBC Bearings by 5.0% during the 3rd quarter. Geneva Capital Management LLC now owns 574,349 shares of the company’s stock valued at $119,355,000 after purchasing an additional 27,189 shares during the period. Baird Financial Group Inc. raised its position in shares of RBC Bearings by 3.6% during the 3rd quarter. Baird Financial Group Inc. now owns 292,416 shares of the company’s stock valued at $60,767,000 after purchasing an additional 10,235 shares during the period. Finally, Lord Abbett & CO. LLC increased its holdings in RBC Bearings by 3.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 217,677 shares of the company’s stock valued at $45,236,000 after acquiring an additional 6,335 shares during the last quarter.

RBC Bearings Company Profile

(Get Rating)

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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