Legal & General Group Plc bought a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLL – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 56,398 shares of the company’s stock, valued at approximately $36,324,000.
A number of other large investors have also bought and sold shares of ROLL. C M Bidwell & Associates Ltd. bought a new stake in RBC Bearings in the second quarter valued at $25,000. Quantbot Technologies LP bought a new position in shares of RBC Bearings during the 2nd quarter worth about $27,000. Danske Bank A S acquired a new stake in shares of RBC Bearings in the 2nd quarter valued at about $39,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of RBC Bearings in the 2nd quarter valued at about $53,000. Finally, Virtus Advisers LLC bought a new stake in RBC Bearings in the 2nd quarter valued at about $99,000.
RBC Bearings Stock Performance
ROLL stock opened at $509.00 on Friday. The stock’s 50 day simple moving average is $577.76 and its 200 day simple moving average is $575.26. RBC Bearings Incorporated has a fifty-two week low of $152.90 and a fifty-two week high of $264.94. The company has a market cap of $14.73 billion, a P/E ratio of 247.09 and a beta of 1.34.
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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