RBC Bearings Incorporated (NASDAQ:ROLL) Shares Purchased by Dimensional Fund Advisors LP

Jan 28, 2024

Dimensional Fund Advisors LP raised its holdings in shares of RBC Bearings Incorporated (NASDAQ:ROLL - Get Rating) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 215,553 shares of the company's stock after acquiring an additional 7,266 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.75% of RBC Bearings worth $45,127,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in shares of RBC Bearings by 11.5% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 2,877,046 shares of the company's stock worth $597,880,000 after acquiring an additional 296,178 shares in the last quarter. State Street Corp boosted its position in shares of RBC Bearings by 1.1% during the 3rd quarter. State Street Corp now owns 582,165 shares of the company's stock worth $120,980,000 after acquiring an additional 6,121 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of RBC Bearings by 3.6% during the 3rd quarter. Baird Financial Group Inc. now owns 292,416 shares of the company's stock worth $60,767,000 after acquiring an additional 10,235 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in shares of RBC Bearings by 3.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 217,677 shares of the company's stock worth $45,236,000 after acquiring an additional 6,335 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of RBC Bearings by 0.7% during the 4th quarter. Raymond James & Associates now owns 155,861 shares of the company's stock worth $32,629,000 after acquiring an additional 1,148 shares in the last quarter.

RBC Bearings stock opened at $205.98 on Tuesday. RBC Bearings Incorporated has a fifty-two week low of $152.90 and a fifty-two week high of $264.94. The company has a market capitalization of $5.96 billion, a P/E ratio of 99.99 and a beta of 1.34. The stock has a 50-day simple moving average of $220.81 and a 200-day simple moving average of $225.97.

Separately, StockNews.com started coverage on RBC Bearings in a report on Thursday, May 25th. They issued a "hold" rating for the company.

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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