Man Group plc Invests $11.91 Million in RBC Bearings Incorporated $ROLL

Man Group plc acquired 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 fund acquired 18,495 shares of the company’s stock, valued at approximately $11,912,000. Man Group plc owned approximately 0.06% of RBC Bearings as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. C M Bidwell & Associates Ltd. purchased a new position in RBC Bearings in the second quarter worth $25,000. Quantbot Technologies LP purchased a new stake in shares of RBC Bearings during the 2nd quarter valued at $27,000. Danske Bank A S purchased a new stake in shares of RBC Bearings during the 2nd quarter valued at $39,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of RBC Bearings in the 2nd quarter worth $53,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of RBC Bearings in the 2nd quarter worth $64,000.

RBC Bearings Price Performance

Shares of ROLL stock opened at $513.95 on Friday. The stock’s fifty day moving average price is $580.36 and its 200 day moving average price is $575.73. 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 $14.87 billion, a price-to-earnings ratio of 249.49 and a beta of 1.34.

RBC Bearings 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.