Victory Capital Management Inc. Has $5.83 Million Stock Holdings in RBC Bearings Incorporated (NASDAQ:ROLL)

Victory Capital Management Inc. cut its position in shares of RBC Bearings Incorporated (NASDAQ:ROLL – Get Rating) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,298 shares of the company’s stock after selling 510 shares during the quarter. Victory Capital Management Inc. owned 0.09% of RBC Bearings worth $5,825,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in RBC Bearings by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 215,553 shares of the company’s stock worth $45,127,000 after buying an additional 7,266 shares in the last quarter. Principal Financial Group Inc. grew its position in RBC Bearings by 1,195.0% during the fourth quarter. Principal Financial Group Inc. now owns 58,663 shares of the company’s stock worth $12,281,000 after buying an additional 54,133 shares in the last quarter. Citigroup Inc. grew its position in RBC Bearings by 87.8% during the fourth quarter. Citigroup Inc. now owns 18,599 shares of the company’s stock worth $3,894,000 after buying an additional 8,693 shares in the last quarter. Trust Investment Advisors acquired a new stake in RBC Bearings during the fourth quarter worth about $225,000. Finally, Raymond James & Associates grew its position in RBC Bearings by 0.7% during the fourth quarter. Raymond James & Associates now owns 155,861 shares of the company’s stock worth $32,629,000 after buying an additional 1,148 shares in the last quarter.

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Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on RBC Bearings in a research report on Thursday. They set a “hold” rating on the stock.

RBC Bearings Stock Down 0.4 %

Shares of ROLL opened at $204.18 on Friday. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 99.12 and a beta of 1.34. RBC Bearings Incorporated has a 12 month low of $152.90 and a 12 month high of $264.94. The company has a 50-day moving average price of $220.95 and a two-hundred day moving average price of $226.45.

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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