RBC Bearings Incorporated (NASDAQ:ROLL) Shares Acquired by SG Americas Securities LLC

Posted by on Apr 27th, 2023

SG Americas Securities LLC increased its stake in RBC Bearings Incorporated (NASDAQ:ROLL – Get Rating) by 63.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,488 shares of the company’s stock after acquiring an additional 2,509 shares during the quarter. SG Americas Securities LLC’s holdings in RBC Bearings were worth $1,358,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. IFP Advisors Inc grew its holdings in shares of RBC Bearings by 40.4% during the third quarter. IFP Advisors Inc now owns 313 shares of the company’s stock valued at $40,000 after buying an additional 90 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of RBC Bearings by 27.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 716 shares of the company’s stock valued at $148,000 after buying an additional 153 shares in the last quarter. FourThought Financial LLC grew its holdings in shares of RBC Bearings by 9.0% during the third quarter. FourThought Financial LLC now owns 750 shares of the company’s stock valued at $156,000 after buying an additional 62 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of RBC Bearings by 10.0% during the third quarter. Van ECK Associates Corp now owns 773 shares of the company’s stock valued at $161,000 after buying an additional 70 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in shares of RBC Bearings during the third quarter valued at $222,000.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on RBC Bearings in a research report on Sunday. They set a “hold” rating for the company.

RBC Bearings Trading Down 3.1 %

ROLL opened at $215.02 on Thursday. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 104.38 and a beta of 1.34. RBC Bearings Incorporated has a 1 year low of $152.90 and a 1 year high of $264.94. The stock has a fifty day moving average price of $225.80 and a 200 day moving average price of $228.28.

RBC Bearings Profile

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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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Institutional Ownership by Quarter for RBC Bearings (NASDAQ:ROLL)

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