Commerce Bank bought a new stake in RBC Bearings Incorporated (NASDAQ:ROLL – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,911 shares of the company’s stock, valued at approximately $1,231,000.
A number of other large investors have also recently made changes to their positions in ROLL. BlackRock Inc. purchased a new position in RBC Bearings during the 2nd quarter worth approximately $1,962,222,000. Bank of New York Mellon Corp acquired a new position in RBC Bearings during the second quarter worth approximately $112,479,000. Deutsche Bank AG purchased a new stake in RBC Bearings in the second quarter valued at approximately $48,927,000. TimesSquare Capital Management LLC purchased a new stake in RBC Bearings in the second quarter valued at approximately $40,908,000. Finally, Advisors Capital Management LLC acquired a new stake in shares of RBC Bearings in the second quarter valued at approximately $14,275,000.
RBC Bearings Trading Down 1.9%
Shares of ROLL opened at $495.90 on Wednesday. The company’s 50 day simple moving average is $585.10 and its 200-day simple moving average is $575.92. The firm has a market cap of $14.35 billion, a PE ratio of 240.73 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.
About RBC Bearings
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.
Featured Articles
- Five stocks we like better than RBC Bearings
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
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.
