Callan Family Office LLC Takes Position in RBC Bearings Incorporated $ROLL

Callan Family Office LLC purchased a new stake in RBC Bearings Incorporated (NASDAQ:ROLL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,832 shares of the company’s stock, valued at approximately $8,908,000.

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

RBC Bearings Trading Down 3.1%

Shares of RBC Bearings stock opened at $504.61 on Friday. The stock’s fifty day moving average price is $589.48 and its 200-day moving average price is $575.53. The firm has a market cap of $14.60 billion, a P/E ratio of 244.96 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.