Connor Clark & Lunn Investment Management Ltd. Acquires New Stake in RBC Bearings Incorporated $ROLL

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,871 shares of the company’s stock, valued at approximately $19,883,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of RBC Bearings in the 2nd quarter worth $1,962,222,000. Bank of New York Mellon Corp purchased a new stake in RBC Bearings during the second quarter valued at $112,479,000. Deutsche Bank AG bought a new position in RBC Bearings in the second quarter valued at about $48,927,000. TimesSquare Capital Management LLC bought a new position in RBC Bearings in the second quarter valued at about $40,908,000. Finally, Advisors Capital Management LLC purchased a new position in RBC Bearings in the second quarter worth about $14,275,000.

RBC Bearings Stock Down 1.9%

RBC Bearings stock opened at $495.90 on Wednesday. RBC Bearings Incorporated has a 52-week low of $152.90 and a 52-week high of $264.94. The company has a market cap of $14.35 billion, a P/E ratio of 240.73 and a beta of 1.34. The business has a 50-day simple moving average of $585.10 and a two-hundred day simple moving average of $575.92.

RBC Bearings 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.