Sanctuary Advisors LLC Purchases New Shares in RBC Bearings Incorporated $ROLL

Sanctuary Advisors LLC purchased a new position in RBC Bearings Incorporated (NASDAQ:ROLL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,326 shares of the company’s stock, valued at approximately $1,498,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of RBC Bearings in the second quarter valued at $1,962,222,000. Bank of New York Mellon Corp purchased a new position in shares of RBC Bearings during the 2nd quarter worth about $112,479,000. Deutsche Bank AG purchased a new position in shares of RBC Bearings during the 2nd quarter worth about $48,927,000. TimesSquare Capital Management LLC bought a new position in RBC Bearings during the 2nd quarter valued at about $40,908,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in RBC Bearings during the 2nd quarter valued at about $19,883,000.

RBC Bearings Price Performance

RBC Bearings stock opened at $496.01 on Thursday. The firm has a market capitalization of $14.35 billion, a P/E ratio of 240.78 and a beta of 1.34. RBC Bearings Incorporated has a 1-year low of $152.90 and a 1-year high of $264.94. The company’s 50-day moving average is $582.60 and its 200 day moving average is $575.77.

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.