RBC Bearings (NASDAQ:ROLL) Stock Crosses Above 50 Day Moving Average – What’s Next?

RBC Bearings Incorporated (NASDAQ:ROLL)’s stock price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $493.10 and traded as high as $499.93. RBC Bearings shares last traded at $494.56, with a volume of 211,098 shares changing hands.

RBC Bearings Stock Performance

The stock has a 50 day moving average of $493.10 and a 200 day moving average of $550.43. The stock has a market capitalization of $14.31 billion, a P/E ratio of 240.08 and a beta of 1.34.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of RBC Bearings in the second quarter valued at approximately $1,962,222,000. Port Capital LLC bought a new stake in shares of RBC Bearings during the second quarter valued at approximately $186,958,000. Bank of New York Mellon Corp bought a new stake in shares of RBC Bearings during the second quarter valued at approximately $112,479,000. Bamco Inc. NY acquired a new position in shares of RBC Bearings during the second quarter worth approximately $96,110,000. Finally, American Capital Management Inc. acquired a new position in shares of RBC Bearings during the second quarter worth approximately $92,575,000.

RBC Bearings Company Profile

RBC Bearings designs and manufactures highly engineered precision bearings and motion-control components. Its products include plain, roller and ball bearings, as well as specialty components such as rod ends, spherical bearings and gearing used in demanding operating environments. The company serves aerospace and defense customers, along with a range of industrial markets, including construction, energy, transportation, mining and agriculture. Its products are used in applications where reliability, precision and durability are important.