MML Investors Services LLC reduced its stake in RBC Bearings Incorporated (NASDAQ:ROLL – Get Rating) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,435 shares of the company’s stock after selling 155 shares during the quarter. MML Investors Services LLC’s holdings in RBC Bearings were worth $714,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D lifted its holdings in shares of RBC Bearings by 4.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 16,587 shares of the company’s stock worth $3,447,000 after acquiring an additional 696 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of RBC Bearings by 1.6% in the 3rd quarter. MetLife Investment Management LLC now owns 15,063 shares of the company’s stock worth $3,130,000 after acquiring an additional 237 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in RBC Bearings by 12.7% during the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 5,857 shares of the company’s stock worth $1,217,000 after buying an additional 661 shares in the last quarter. Royce & Associates LP lifted its holdings in RBC Bearings by 22.2% during the 3rd quarter. Royce & Associates LP now owns 182,825 shares of the company’s stock worth $37,993,000 after buying an additional 33,157 shares in the last quarter. Finally, Geneva Capital Management LLC lifted its holdings in RBC Bearings by 5.0% during the 3rd quarter. Geneva Capital Management LLC now owns 574,349 shares of the company’s stock worth $119,355,000 after buying an additional 27,189 shares in the last quarter.
RBC Bearings Stock Performance
RBC Bearings stock opened at $212.38 on Monday. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 103.10 and a beta of 1.34. RBC Bearings Incorporated has a 52-week low of $152.90 and a 52-week high of $264.94. The business’s 50 day simple moving average is $229.95.
Analysts Set New Price Targets
About RBC Bearings
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.
Further Reading
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