RBC Bearings (NASDAQ:ROLL) Reaches New 1-Year High at $270.16

RBC Bearings Incorporated (NASDAQ:ROLLGet Free Report) reached a new 52-week high on Monday . The company traded as high as $270.16 and last traded at $268.50, with a volume of 174877 shares. The stock had previously closed at $266.18.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on RBC Bearings in a research note on Monday, February 5th. They issued a “hold” rating on the stock.

Get Our Latest Research Report on RBC Bearings

RBC Bearings Stock Performance

The business’s 50 day simple moving average is $271.59 and its 200-day simple moving average is $245.41. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 129.21 and a beta of 1.34.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of RBC Bearings in the 4th quarter worth approximately $41,855,000. Durable Capital Partners LP lifted its stake in shares of RBC Bearings by 9.0% in the 4th quarter. Durable Capital Partners LP now owns 1,855,997 shares of the company’s stock worth $388,553,000 after acquiring an additional 153,744 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of RBC Bearings by 3.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,980,496 shares of the company’s stock worth $623,967,000 after acquiring an additional 103,450 shares during the period. Jane Street Group LLC lifted its stake in shares of RBC Bearings by 1,462.9% in the 3rd quarter. Jane Street Group LLC now owns 32,820 shares of the company’s stock worth $6,820,000 after acquiring an additional 30,720 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of RBC Bearings in the 3rd quarter worth approximately $2,992,000.

RBC Bearings Company Profile

(Get Free Report)

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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