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Envestnet Asset Management Inc. lessened its position in shares of RBC Bearings Incorporated (NASDAQ:ROLL - Get Rating) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,370 shares of the company's stock after selling 4,098 shares during the quarter. Envestnet Asset Management Inc. owned about 0.38% of RBC Bearings worth $23,144,000 as of its most recent SEC filing. Needle Cage Bearing Sizes

Several other large investors have also recently modified their holdings of ROLL. ExodusPoint Capital Management LP grew its position in RBC Bearings by 43.6% during the 3rd quarter. ExodusPoint Capital Management LP now owns 9,298 shares of the company's stock worth $1,932,000 after purchasing an additional 2,825 shares during the last quarter. Dimensional Fund Advisors LP grew its position in RBC Bearings by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 208,287 shares of the company's stock worth $43,284,000 after purchasing an additional 3,220 shares during the last quarter. Tower Research Capital LLC TRC grew its position in RBC Bearings by 158.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,207 shares of the company's stock worth $667,000 after purchasing an additional 1,966 shares during the last quarter. UBS Group AG grew its position in RBC Bearings by 30.3% during the 3rd quarter. UBS Group AG now owns 6,411 shares of the company's stock worth $1,332,000 after purchasing an additional 1,491 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in RBC Bearings during the 3rd quarter worth approximately $7,657,000. Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of RBC Bearings in a research report on Saturday, February 18th. They set a "hold" rating on the stock.RBC Bearings Price Performance

ROLL stock opened at $233.73 on Thursday. The company has a fifty day simple moving average of $226.23. The stock has a market cap of $6.76 billion, a P/E ratio of 113.46 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. About RBC Bearings (Get Rating)

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.Recommended StoriesGet a free copy of the StockNews.com research report on RBC Bearings (ROLL)Palo Alto Networks Is The Leading Cyber Security Play It’s Not Time To Buy Toll Brothers, Inc YetWhy You Absolutely Must Buy Dividend Stocks This YearFurniture Stocks: A Comfortable Way To Ride Out The Storm JD.com Getting Desperate or Too Smart for Anyone to Figure Out?

Want to see what other hedge funds are holding ROLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RBC Bearings Incorporated (NASDAQ:ROLL - Get Rating).

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