Centaurus Financial Inc. purchased a new position in RBC Bearings Incorporated (NASDAQ:ROLL – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor purchased 5,525 shares of the company’s stock, valued at approximately $3,558,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Coastal Bridge Advisors LLC bought a new position in RBC Bearings in the second quarter valued at $233,000. Jefferies Financial Group Inc. purchased a new stake in RBC Bearings during the second quarter valued at about $310,000. Public Employees Retirement System of Ohio bought a new stake in RBC Bearings during the second quarter worth about $12,475,000. Capstone Investment Advisors LLC bought a new stake in RBC Bearings during the second quarter worth about $660,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of RBC Bearings in the 2nd quarter worth about $261,000.
RBC Bearings Trading Up 3.6%
Shares of RBC Bearings stock opened at $513.95 on Friday. The firm has a market capitalization of $14.87 billion, a PE ratio of 249.49 and a beta of 1.34. RBC Bearings Incorporated has a 12 month low of $152.90 and a 12 month high of $264.94. The business’s 50-day moving average price is $580.36 and its 200-day moving average price is $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.
Read More
- Five stocks we like better than RBC Bearings
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Want to see what other hedge funds are holding ROLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RBC Bearings Incorporated (NASDAQ:ROLL – Free Report).
Receive News & Ratings for RBC Bearings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings and related companies with MarketBeat.com's FREE daily email newsletter.
