The stock last traded at $120.23 significantly higher than $108.54, the 50 day moving average and well above the 200 day moving average of $101.53. The 50 day moving average was up by +10.78% and the 200 day average was up $18.70. (NASDAQ:ROLL) shares saw light trading volume with 406 shares changing hands by the end of trading on Friday. Volume was down 99.53% under the stocks average daily volume.

Traders are a little more bearish on RBC Bearings Incorporated lately if you watch the motion in short interest. The stock experienced a rise in short interest of 8.47% between August 15, 2017 and August 31, 2017. Short shares grew 44,144 over that timeframe. With short interest at 565,176 and short average daily volume at 65,714, the short-interest ratio is 9.0 and the percentage of shorted shares is 0.02% as of August 31.

These funds have shifted positions in (ROLL). As of quarter end Neuberger Berman Group LLC had disposed of a total of 80,361 shares trimming its stake by 3.9%. The value of the investment in RBC Bearings Incorporated went from $197,859,000 to $199,199,000 increasing 0.7% for the reporting period. As of the end of the quarter Ubs Group Ag had bought 1,641 shares growing its holdings by 266.0%. The value of the investment in ROLL increased from $60,000 to $230,000 a change of 283.3% quarter over quarter.

As of quarter end Point72 Asset Management, L.p. had disposed of 60,178 shares trimming its position 54.7%. The value in dollars decreased from $10,680,000 to $5,070,000 a change of $5,610,000 since the last quarter. As of the end of the quarter Perkins Investment Management, LLC had acquired a total of 4,154 shares growing its holdings by 2.4%. The value of the investment in (ROLL) increased from $16,183,000 to $17,333,000 a change of 7.1% quarter to quarter.

The most current P/E ratio is 38.63 and the market value is 2.86B. As of the latest earnings report the EPS was $3.11 and is estimated to be $3.66 for the current year with 23,805,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.86 and the next full year EPS is projected to be $4.12.

RBC Bearings Incorporated, launched on March 23, 1992, is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products. While the Company manufactures products in all major categories, the Company focuses primarily on highly technical or regulated bearing products and engineered products for specialized markets. The Company has over 40 facilities of which over 30 are manufacturing facilities in approximately five countries. The Company classifies its customers into two categories: industrial and aerospace. The Company manufactures bearings and engineered products for a range of diversified industrial markets, including construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, packaging, semiconductor machinery and the general industrial markets. The Company supplies bearings and engineered products for use in commercial, private and military aircraft and aircraft engines, guided weaponry, and vision and optical systems..