Flputnam Investment Management Co. bought a new position in RBC Bearings Incorporated (NASDAQ:ROLL – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 1,450 shares of the company’s stock, valued at approximately $934,000.
A number of other large investors have also made changes to their positions in ROLL. Bank of New York Mellon Corp acquired a new stake in RBC Bearings during the 2nd quarter valued at $112,479,000. Global Retirement Partners LLC acquired a new stake in shares of RBC Bearings in the second quarter worth $1,431,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of RBC Bearings during the second quarter valued at $1,178,000. State of Wyoming purchased a new position in shares of RBC Bearings during the second quarter valued at $1,151,000. Finally, GSA Capital Partners LLP acquired a new position in RBC Bearings during the second quarter valued at $281,000.
RBC Bearings Trading Up 1.1%
Shares of RBC Bearings stock opened at $560.49 on Tuesday. RBC Bearings Incorporated has a 1 year low of $152.90 and a 1 year high of $264.94. The company has a market cap of $16.22 billion, a P/E ratio of 272.08 and a beta of 1.34. The stock has a 50-day moving average price of $594.26 and a 200 day moving average price of $575.34.
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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