RBC Bearings Incorporated (NASDAQ:ROLL) Shares Sold by Advisor Group Holdings Inc.

May 20, 2023

Advisor Group Holdings Inc. decreased its stake in RBC Bearings Incorporated (NASDAQ:ROLL - Get Rating) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,233 shares of the company's stock after selling 767 shares during the quarter. Advisor Group Holdings Inc.'s holdings in RBC Bearings were worth $2,141,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ROLL. New York State Common Retirement Fund boosted its position in RBC Bearings by 13.0% during the third quarter. New York State Common Retirement Fund now owns 50,248 shares of the company's stock worth $10,442,000 after acquiring an additional 5,798 shares during the last quarter. IFP Advisors Inc boosted its position in RBC Bearings by 40.4% during the third quarter. IFP Advisors Inc now owns 313 shares of the company's stock worth $40,000 after acquiring an additional 90 shares during the last quarter. California Public Employees Retirement System boosted its position in RBC Bearings by 11.1% during the third quarter. California Public Employees Retirement System now owns 61,812 shares of the company's stock worth $12,845,000 after acquiring an additional 6,170 shares during the last quarter. Legacy Advisors LLC boosted its position in RBC Bearings by 32.3% during the third quarter. Legacy Advisors LLC now owns 2,378 shares of the company's stock worth $494,000 after acquiring an additional 581 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in RBC Bearings by 1.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 34,803 shares of the company's stock worth $7,232,000 after acquiring an additional 578 shares during the last quarter.

ROLL opened at $218.02 on Thursday. The firm's 50-day moving average price is $218.72 and its 200 day moving average price is $224.55. RBC Bearings Incorporated has a twelve month low of $152.90 and a twelve month high of $264.94. The firm has a market capitalization of $6.31 billion, a PE ratio of 105.83 and a beta of 1.34.

Separately, StockNews.com began coverage on shares of RBC Bearings in a research report on Friday, June 2nd. They set a "hold" rating on the stock.

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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