Raymond James & Associates Purchases 1,148 Shares of RBC Bearings Incorporated (NASDAQ:ROLL)

May 23, 2023

Raymond James & Associates lifted its position in RBC Bearings Incorporated (NASDAQ:ROLL - Get Rating) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,861 shares of the company's stock after acquiring an additional 1,148 shares during the quarter. Raymond James & Associates owned approximately 0.54% of RBC Bearings worth $32,629,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D grew its stake 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 in the last quarter. MetLife Investment Management LLC grew its position in RBC Bearings by 1.6% during the third quarter. MetLife Investment Management LLC now owns 15,063 shares of the company's stock valued at $3,130,000 after buying an additional 237 shares during the period. Royce & Associates LP grew its position in RBC Bearings by 22.2% during the third quarter. Royce & Associates LP now owns 182,825 shares of the company's stock valued at $37,993,000 after buying an additional 33,157 shares during the period. Advisors Capital Management LLC grew its position in RBC Bearings by 22.5% during the third quarter. Advisors Capital Management LLC now owns 23,696 shares of the company's stock valued at $5,794,000 after buying an additional 4,346 shares during the period. Finally, Geneva Capital Management LLC grew its position in RBC Bearings by 5.0% during the third quarter. Geneva Capital Management LLC now owns 574,349 shares of the company's stock valued at $119,355,000 after buying an additional 27,189 shares during the period.

Separately, StockNews.com assumed coverage on shares of RBC Bearings in a research report on Tuesday. They set a "hold" rating for the company.

ROLL opened at $218.40 on Friday. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 106.02 and a beta of 1.34. The firm has a 50-day moving average price of $223.66 and a 200-day moving average price of $228.68. RBC Bearings Incorporated has a twelve month low of $152.90 and a twelve month high of $264.94.

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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