Meeder Advisory Services Inc. purchased a new stake in RBC Bearings Incorporated (NASDAQ:ROLL – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,302 shares of the company’s stock, valued at approximately $839,000.
Several other large investors have also modified their holdings of ROLL. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of RBC Bearings in the 2nd quarter valued at $53,000. GSA Capital Partners LLP purchased a new position in shares of RBC Bearings in the 2nd quarter worth $281,000. Pallas Capital Advisors LLC purchased a new position in shares of RBC Bearings in the 2nd quarter worth $320,000. Citizens Financial Group Inc. RI acquired a new position in RBC Bearings in the second quarter valued at $743,000. Finally, Flputnam Investment Management Co. acquired a new position in RBC Bearings in the second quarter valued at $934,000.
RBC Bearings Price Performance
Shares of NASDAQ:ROLL opened at $545.65 on Thursday. The business has a 50-day moving average of $592.66 and a two-hundred day moving average of $575.97. The firm has a market capitalization of $15.79 billion, a PE 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.
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