Grandeur Peak Global Advisors LLC acquired a new stake in RBC Bearings Incorporated (NASDAQ:ROLL – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,628 shares of the company’s stock, valued at approximately $1,693,000.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of RBC Bearings during the 2nd quarter worth approximately $1,962,222,000. Port Capital LLC purchased a new stake in shares of RBC Bearings in the second quarter valued at approximately $186,958,000. Bank of New York Mellon Corp purchased a new stake in shares of RBC Bearings in the second quarter valued at approximately $112,479,000. Bamco Inc. NY acquired a new position in RBC Bearings during the second quarter worth $96,110,000. Finally, American Capital Management Inc. acquired a new position in RBC Bearings during the second quarter worth $92,575,000.
RBC Bearings Stock Performance
RBC Bearings stock opened at $513.95 on Friday. The company has a market cap of $14.87 billion, a P/E ratio of 249.49 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 business has a fifty day moving average of $580.36 and a two-hundred day moving average of $575.73.
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.
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