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

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Analysts at StockNews.com began coverage on shares of RBC Bearings (NASDAQ:ROLL - Get Rating) in a research report issued on Saturday. The firm set a "hold" rating on the stock.RBC Bearings Trading Down 1.9 % Miniature Flange Bearing

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

Shares of NASDAQ:ROLL opened at $207.83 on Friday. The stock's 50 day moving average price is $232.33. RBC Bearings has a 1-year low of $152.90 and a 1-year high of $264.94. Institutional Investors Weigh In On RBC Bearings

A number of institutional investors and hedge funds have recently made changes to their positions in ROLL. Price T Rowe Associates Inc. MD increased its holdings in RBC Bearings by 11.5% in the third 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 last quarter. Raymond James & Associates boosted its position in shares of RBC Bearings by 40.0% during the third quarter. Raymond James & Associates now owns 154,713 shares of the company's stock worth $32,151,000 after buying an additional 44,211 shares during the period. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in RBC Bearings during the third quarter valued at approximately $7,657,000. Royce & Associates LP boosted its position in RBC Bearings by 22.2% during the third quarter. Royce & Associates LP now owns 182,825 shares of the company's stock valued at $37,993,000 after purchasing an additional 33,157 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in RBC Bearings by 1,462.9% in the third quarter. Jane Street Group LLC now owns 32,820 shares of the company's stock valued at $6,820,000 after buying an additional 30,720 shares during the period. About RBC Bearings (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.Further ReadingGet a free copy of the StockNews.com research report on RBC Bearings (ROLL)MarketBeat: Week in Review 12/19 – 12/23These Steelmakers Deserve A Place On Your 2023 Watch ListInflation Cools, Where Does The S&P 500 Go Now Cintas Beats Inflation With Operating Leverage Your Decision to Buy Palantir May Simply Be a Matter of Time

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

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