The Manufacturers Life Insurance Company Invests $9.85 Million in RBC Bearings Incorporated $ROLL

The Manufacturers Life Insurance Company purchased a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 15,296 shares of the company’s stock, valued at approximately $9,852,000. The Manufacturers Life Insurance Company owned about 0.05% of RBC Bearings at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Financial Advisors acquired a new position in RBC Bearings during the 2nd quarter worth $267,000. Whalen Wealth Management Inc. acquired a new position in shares of RBC Bearings in the 2nd quarter valued at $502,000. Algert Global LLC raised its position in shares of RBC Bearings by 81.6% in the 2nd quarter. Algert Global LLC now owns 46,940 shares of the company’s stock valued at $30,232,000 after acquiring an additional 21,090 shares during the period. Gallo Partners LP bought a new position in RBC Bearings during the 2nd quarter worth approximately $2,810,000. Finally, Tribune Investment Group LP acquired a new stake in RBC Bearings during the 2nd quarter worth $4,811,000.

RBC Bearings Trading Down 1.6%

ROLL stock opened at $500.62 on Friday. RBC Bearings Incorporated has a 1-year low of $152.90 and a 1-year high of $264.94. The business’s 50-day moving average price is $577.76 and its two-hundred day moving average price is $575.26. The firm has a market cap of $14.48 billion, a PE ratio of 243.02 and a beta of 1.34.

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.