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

Blog

HomeHome / Blog / StockNews.com Initiates Coverage on RBC Bearings (NASDAQ:ROLL)

Jul 19, 2023

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

StockNews.com started coverage on shares of RBC Bearings (NASDAQ:ROLL - Get Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a "hold" rating on the

StockNews.com started coverage on shares of RBC Bearings (NASDAQ:ROLL - Get Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a "hold" rating on the stock.

Shares of NASDAQ:ROLL opened at $220.96 on Tuesday. RBC Bearings has a 1 year low of $152.90 and a 1 year high of $264.94. The company has a market cap of $6.39 billion, a P/E ratio of 107.26 and a beta of 1.34. The stock's fifty day moving average price is $219.73 and its 200-day moving average price is $221.35.

A number of large investors have recently made changes to their positions in ROLL. UBS Group AG boosted its holdings in RBC Bearings by 30.3% in the third quarter. UBS Group AG now owns 6,411 shares of the company's stock worth $1,332,000 after purchasing an additional 1,491 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of RBC Bearings during the 3rd quarter valued at $2,992,000. Commonwealth Equity Services LLC boosted its stake in shares of RBC Bearings by 11.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,202 shares of the company's stock worth $249,000 after buying an additional 119 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of RBC Bearings by 6.5% in the third quarter. Bank of New York Mellon Corp now owns 129,493 shares of the company's stock worth $26,910,000 after acquiring an additional 7,848 shares during the period. Finally, Pathstone Family Office LLC purchased a new stake in RBC Bearings during the third quarter valued at $301,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider RBC Bearings, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RBC Bearings wasn't on the list.

While RBC Bearings currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

RBC Bearings(Ad)(Ad)