NewEdge Wealth LLC Takes Position in RBC Bearings Incorporated $ROLL

NewEdge Wealth LLC purchased a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,938 shares of the company’s stock, valued at approximately $5,113,000.

Several other large investors also recently added to or reduced their stakes in ROLL. GSA Capital Partners LLP bought a new stake in RBC Bearings in the 2nd quarter valued at about $281,000. State of Wyoming bought a new position in RBC Bearings during the second quarter worth about $1,151,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of RBC Bearings in the second quarter worth about $1,178,000. Bank of New York Mellon Corp purchased a new position in shares of RBC Bearings in the second quarter worth about $112,479,000. Finally, Global Retirement Partners LLC bought a new stake in shares of RBC Bearings in the second quarter valued at approximately $1,431,000.

RBC Bearings Stock Down 2.1%

NASDAQ ROLL opened at $545.65 on Thursday. The firm has a market cap of $15.79 billion, a P/E ratio of 264.88 and a beta of 1.34. The company’s 50 day moving average is $592.66 and its 200-day moving average is $575.97. RBC Bearings Incorporated has a 12-month low of $152.90 and a 12-month 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.