TimesSquare Capital Management LLC acquired a new stake in shares of RBC Bearings Incorporated (NASDAQ:ROLL – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 63,516 shares of the company’s stock, valued at approximately $40,908,000. TimesSquare Capital Management LLC owned approximately 0.22% of RBC Bearings at the end of the most recent quarter.
Several other large investors also recently modified their holdings of ROLL. Bank of New York Mellon Corp acquired a new position in shares of RBC Bearings in the 2nd quarter worth approximately $112,479,000. OneDigital Investment Advisors LLC acquired a new stake in RBC Bearings in the 2nd quarter valued at $2,049,000. Global Retirement Partners LLC acquired a new stake in RBC Bearings in the 2nd quarter valued at $1,431,000. Focus Partners Advisor Solutions LLC bought a new stake in RBC Bearings in the second quarter valued at $1,178,000. Finally, State of Wyoming bought a new stake in RBC Bearings in the second quarter valued at $1,151,000.
RBC Bearings Price Performance
RBC Bearings stock opened at $560.49 on Tuesday. The firm has a market capitalization of $16.22 billion, a P/E ratio of 272.08 and a beta of 1.34. The stock has a fifty day moving average price of $594.26 and a two-hundred day moving average price of $575.34. RBC Bearings Incorporated has a 52-week low of $152.90 and a 52-week high of $264.94.
RBC Bearings Company 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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