RBC Bearings (NASDAQ:ROLL) Sets New 12-Month High at $268.04

RBC Bearings Incorporated (NASDAQ:ROLLGet Free Report)’s share price reached a new 52-week high on Tuesday . The company traded as high as $268.04 and last traded at $263.46, with a volume of 85768 shares. The stock had previously closed at $269.46.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of RBC Bearings in a report on Monday. They issued a “hold” rating for the company.

View Our Latest Analysis on RBC Bearings

RBC Bearings Price Performance

The company has a 50 day moving average of $267.56 and a 200-day moving average of $255.41. The company has a market cap of $7.62 billion, a P/E ratio of 127.89 and a beta of 1.34.

Institutional Trading of RBC Bearings

Large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its position in shares of RBC Bearings by 3.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,980,496 shares of the company’s stock worth $623,967,000 after purchasing an additional 103,450 shares during the last quarter. Durable Capital Partners LP grew its stake in 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 buying an additional 153,744 shares in the last quarter. State Street Corp increased its holdings in shares of RBC Bearings by 1.1% in the 3rd quarter. State Street Corp now owns 582,165 shares of the company’s stock worth $120,980,000 after buying an additional 6,121 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of RBC Bearings by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 333,933 shares of the company’s stock valued at $69,909,000 after buying an additional 7,237 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of RBC Bearings during the 4th quarter worth $41,855,000.

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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