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

Stock analysts at StockNews.com initiated coverage on shares of RBC Bearings (NASDAQ:ROLL - Get Free Report) in a research report issued on Friday. The brokerage set a "hold" rating on the stock.

NASDAQ:ROLL opened at $220.27 on Friday. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 106.93 and a beta of 1.34. The firm's fifty day simple moving average is $214.19 and its 200 day simple moving average is $223.36. RBC Bearings has a twelve month low of $152.90 and a twelve month high of $264.94.

Institutional investors have recently modified their holdings of the stock. Compass Wealth Management LLC acquired a new stake in shares of RBC Bearings in the 4th quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. grew its position in RBC Bearings by 70.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 205 shares of the company's stock worth $43,000 after purchasing an additional 85 shares during the last quarter. Lazard Asset Management LLC grew its position in RBC Bearings by 34.4% in the 4th quarter. Lazard Asset Management LLC now owns 410 shares of the company's stock worth $85,000 after purchasing an additional 105 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of RBC Bearings by 72.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 626 shares of the company's stock valued at $131,000 after acquiring an additional 262 shares in the last quarter. Finally, Point72 Middle East FZE bought a new position in shares of RBC Bearings in the fourth quarter valued at approximately $189,000.

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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