Citizens Financial Group Inc. RI acquired a new stake in shares of RBC Bearings Incorporated (NASDAQ:ROLL – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,153 shares of the company’s stock, valued at approximately $743,000.
A number of other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in shares of RBC Bearings in the second quarter valued at $1,431,000. Flputnam Investment Management Co. acquired a new stake in RBC Bearings during the 2nd quarter valued at $934,000. OneDigital Investment Advisors LLC purchased a new stake in RBC Bearings during the 2nd quarter worth $2,049,000. State of Wyoming purchased a new stake in RBC Bearings during the 2nd quarter worth $1,151,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in RBC Bearings in the 2nd quarter worth $1,178,000.
RBC Bearings Price Performance
Shares of ROLL stock opened at $545.65 on Thursday. The company’s fifty day moving average price is $592.66 and its two-hundred day moving average price is $575.97. The firm 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 12 month low of $152.90 and a 12 month 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.
Further Reading
- Five stocks we like better than RBC Bearings
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
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 – Free Report).
Receive News & Ratings for RBC Bearings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings and related companies with MarketBeat.com's FREE daily email newsletter.
