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Research analysts at StockNews.com initiated coverage on shares of RBC Bearings (NASDAQ:ROLL - Get Free Report) in a note issued to investors on Thursday. The firm set a "hold" rating on the stock. Get RBC Bearings alerts: RBC Bearings Stock Down 2.9 % Bearing Wheel Hub
Shares of NASDAQ:ROLL opened at $270.74 on Thursday. The firm has a 50-day simple moving average of $251.68 and a 200 day simple moving average of $235.19. The company has a market cap of $7.83 billion, a PE ratio of 131.43 and a beta of 1.34. RBC Bearings has a fifty-two week low of $152.90 and a fifty-two week high of $264.94. Institutional Trading of RBC Bearings
Large investors have recently added to or reduced their stakes in the business. Compass Wealth Management LLC acquired a new stake in shares of RBC Bearings during the 4th quarter worth about $31,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of RBC Bearings by 70.8% in the fourth 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 during the last quarter. Lazard Asset Management LLC increased its holdings in RBC Bearings by 34.4% during the fourth quarter. Lazard Asset Management LLC now owns 410 shares of the company's stock worth $85,000 after buying an additional 105 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in RBC Bearings by 72.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 626 shares of the company's stock worth $131,000 after buying an additional 262 shares during the last quarter. Finally, Point72 Middle East FZE bought a new position in RBC Bearings during the fourth quarter worth $189,000. About RBC Bearings (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.Featured ArticlesFive stocks we like better than RBC BearingsHow to Calculate Retirement Income: MarketBeat’s CalculatorHow to invest in farmland: 7 simple waysTechnology Stocks Explained: Here's What to Know About TechAre bank stocks a good buy right now?How to Capture the Benefits of Dividend IncreasesStarbucks stock is suddenly surrounded by analysts
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