Ieq Capital LLC acquired a new position in RBC Bearings Incorporated (NASDAQ:ROLL – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,802 shares of the company’s stock, valued at approximately $11,466,000.
Several other institutional investors have also recently modified their holdings of the company. C M Bidwell & Associates Ltd. purchased a new position in shares of RBC Bearings during the 2nd quarter valued at about $25,000. Danske Bank A S bought a new stake in RBC Bearings in the 2nd quarter worth approximately $39,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in RBC Bearings in the second quarter worth approximately $53,000. Virtus Advisers LLC purchased a new stake in RBC Bearings in the second quarter worth approximately $99,000. Finally, OneAscent Financial Services LLC bought a new position in RBC Bearings during the second quarter valued at approximately $232,000.
RBC Bearings Stock Performance
ROLL stock opened at $505.63 on Friday. The company has a market capitalization of $14.63 billion, a PE ratio of 245.45 and a beta of 1.34. RBC Bearings Incorporated has a one year low of $152.90 and a one year high of $264.94. The company’s 50 day moving average price is $589.48 and its two-hundred day moving average price is $575.53.
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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