RBC Bearings Incorporated (NASDAQ:ROLL) Shares Bought by UBS Group AG

UBS Group AG grew its position in shares of RBC Bearings Incorporated (NASDAQ:ROLL - Get Rating) by 72.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,028 shares of the company's stock after purchasing an additional 4,617 shares during the quarter. UBS Group AG's holdings in RBC Bearings were worth $2,309,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in shares of RBC Bearings in the 4th quarter worth $211,000. California Public Employees Retirement System boosted its position in RBC Bearings by 2.3% during the fourth quarter. California Public Employees Retirement System now owns 63,203 shares of the company's stock valued at $13,232,000 after purchasing an additional 1,391 shares during the last quarter. Swiss National Bank boosted its position in RBC Bearings by 1.9% during the fourth quarter. Swiss National Bank now owns 69,790 shares of the company's stock valued at $14,611,000 after purchasing an additional 1,300 shares during the last quarter. Arizona State Retirement System boosted its position in RBC Bearings by 4.0% during the fourth quarter. Arizona State Retirement System now owns 8,163 shares of the company's stock valued at $1,709,000 after purchasing an additional 315 shares during the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in RBC Bearings during the fourth quarter valued at $605,000.

Shares of NASDAQ:ROLL opened at $212.38 on Monday. RBC Bearings Incorporated has a fifty-two week low of $152.90 and a fifty-two week high of $264.94. The business has a 50-day moving average of $219.40 and a two-hundred day moving average of $224.96. The stock has a market capitalization of $6.14 billion, a P/E ratio of 101.10 and a beta of 1.34.

Separately, StockNews.com assumed coverage on RBC Bearings in a research report on Friday. They set 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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