Tribune Investment Group LP Invests $4.81 Million in RBC Bearings Incorporated $ROLL

Tribune Investment Group LP acquired a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 7,470 shares of the company’s stock, valued at approximately $4,811,000. RBC Bearings makes up approximately 2.0% of Tribune Investment Group LP’s holdings, making the stock its 14th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROLL. C M Bidwell & Associates Ltd. bought a new stake in RBC Bearings in the 2nd quarter valued at approximately $25,000. Quantbot Technologies LP acquired a new position in RBC Bearings during the 2nd quarter worth approximately $27,000. Danske Bank A S bought a new position in shares of RBC Bearings during the 2nd quarter worth approximately $39,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of RBC Bearings during the 2nd quarter worth approximately $53,000. Finally, Virtus Advisers LLC acquired a new stake in shares of RBC Bearings in the second quarter valued at approximately $99,000.

RBC Bearings Stock Up 0.2%

Shares of ROLL stock opened at $505.63 on Monday. The company’s fifty day simple moving average is $589.48 and its 200-day simple moving average is $576.07. The firm has a market cap of $14.63 billion, a PE ratio of 245.45 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.

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.