JPMorgan Chase & Co. Sells 35,881 Shares of RBC Bearings Incorporated (NASDAQ:ROLL)

Dec 27, 2023

JPMorgan Chase & Co. decreased its position in RBC Bearings Incorporated (NASDAQ:ROLL - Get Rating) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 581,646 shares of the company's stock after selling 35,881 shares during the period. JPMorgan Chase & Co. owned 2.01% of RBC Bearings worth $121,768,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ROLL. Amalgamated Bank increased its holdings in shares of RBC Bearings by 1.2% in the 4th quarter. Amalgamated Bank now owns 3,866 shares of the company's stock valued at $809,000 after acquiring an additional 45 shares during the period. PFS Investments Inc. grew its stake in RBC Bearings by 5.4% in the third quarter. PFS Investments Inc. now owns 1,220 shares of the company's stock valued at $253,000 after purchasing an additional 62 shares during the last quarter. FourThought Financial LLC raised its holdings in RBC Bearings by 9.0% in the third quarter. FourThought Financial LLC now owns 750 shares of the company's stock worth $156,000 after purchasing an additional 62 shares in the last quarter. IFP Advisors Inc lifted its position in shares of RBC Bearings by 40.4% during the third quarter. IFP Advisors Inc now owns 313 shares of the company's stock valued at $40,000 after buying an additional 90 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of RBC Bearings by 11.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,202 shares of the company's stock valued at $249,000 after buying an additional 119 shares in the last quarter.

Separately, StockNews.com initiated coverage on shares of RBC Bearings in a research note on Friday. They set a "hold" rating for the company.

Shares of ROLL opened at $212.38 on Monday. The firm has a market cap of $6.14 billion, a PE ratio of 103.10 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 stock has a fifty day moving average price of $219.40 and a 200-day moving average price of $224.96.

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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