Empowered Funds 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 SEC. The institutional investor acquired 2,106 shares of the company’s stock, valued at approximately $1,356,000.
Several other institutional investors and hedge funds have also modified their holdings of ROLL. C M Bidwell & Associates Ltd. bought a new position in shares of RBC Bearings during the second quarter worth about $25,000. Quantbot Technologies LP acquired a new position in shares of RBC Bearings during the 2nd quarter worth approximately $27,000. Danske Bank A S acquired a new stake in shares of RBC Bearings during the 2nd quarter worth about $39,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of RBC Bearings in the second quarter valued at about $53,000. Finally, Osterweis Capital Management Inc. acquired a new position in shares of RBC Bearings during the 2nd quarter worth approximately $64,000.
RBC Bearings Trading Down 0.0%
Shares of NASDAQ:ROLL opened at $490.78 on Friday. RBC Bearings Incorporated has a 12 month low of $152.90 and a 12 month high of $264.94. The stock has a market capitalization of $14.20 billion, a PE ratio of 238.24 and a beta of 1.34. The firm has a 50 day moving average of $562.94 and a 200-day moving average of $573.33.
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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