Global Retirement Partners LLC acquired a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLL – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 2,222 shares of the company’s stock, valued at approximately $1,431,000.
Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in shares of RBC Bearings in the second quarter valued at approximately $112,479,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of RBC Bearings in the second quarter worth approximately $1,178,000. State of Wyoming purchased a new stake in shares of RBC Bearings during the second quarter worth approximately $1,151,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of RBC Bearings during the second quarter worth approximately $281,000.
RBC Bearings Stock Performance
NASDAQ ROLL opened at $560.49 on Tuesday. The business has a fifty day moving average price of $594.26 and a 200 day moving average price of $575.34. The company has a market cap of $16.22 billion, a P/E ratio of 272.08 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.
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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