Lisanti Capital Growth LLC acquired a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLL – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,531 shares of the company’s stock, valued at approximately $6,783,000. RBC Bearings comprises approximately 1.5% of Lisanti Capital Growth LLC’s holdings, making the stock its 16th largest position.
A number of other large investors have also recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new position in shares of RBC Bearings during the second quarter valued at about $1,431,000. Flputnam Investment Management Co. acquired a new stake in shares of RBC Bearings in the 2nd quarter worth about $934,000. BlackRock Inc. acquired a new stake in shares of RBC Bearings in the 2nd quarter worth about $1,962,222,000. Fig Financial Advisory Services Inc. ADV bought a new position in RBC Bearings in the 2nd quarter valued at about $1,337,000. Finally, OneDigital Investment Advisors LLC bought a new position in RBC Bearings in the 2nd quarter valued at about $2,049,000.
RBC Bearings Stock Performance
ROLL stock opened at $545.65 on Thursday. The business has a 50-day simple moving average of $592.66 and a two-hundred day simple moving average of $575.97. The company has a market capitalization of $15.79 billion, a P/E ratio of 264.88 and a beta of 1.34. RBC Bearings Incorporated has a 52-week low of $152.90 and a 52-week high of $264.94.
RBC Bearings Profile
RBC Bearings Inc is a designer and manufacturer of precision bearing products and components for demanding applications in the aerospace, defense and industrial markets. The company’s product lineup includes ball bearings, roller bearings, spherical plain bearings, rod ends, roller screws and custom-engineered solutions tailored to specific customer requirements. Its bearings are used in aircraft landing gear, engine systems, gearboxes, industrial machinery, robotics and other applications where high reliability and performance are essential.
Founded more than a century ago, RBC Bearings has grown through both internal development and strategic acquisitions, broadening its technology base and expanding its product offerings.
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