Deutsche Bank AG Acquires New Shares in RBC Bearings Incorporated $ROLL

Deutsche Bank AG purchased a new stake in RBC Bearings Incorporated (NASDAQ:ROLL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 75,966 shares of the company’s stock, valued at approximately $48,927,000. Deutsche Bank AG owned about 0.26% of RBC Bearings at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of RBC Bearings in the 2nd quarter worth $53,000. GSA Capital Partners LLP acquired a new stake in shares of RBC Bearings during the second quarter valued at about $281,000. Flputnam Investment Management Co. bought a new position in RBC Bearings during the 2nd quarter valued at $934,000. State of Wyoming bought a new stake in RBC Bearings during the second quarter valued at $1,151,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in RBC Bearings in the second quarter valued at approximately $1,178,000.

RBC Bearings Stock Performance

Shares of ROLL opened at $504.61 on Friday. The firm has a market capitalization of $14.60 billion, a price-to-earnings ratio of 244.96 and a beta of 1.34. The stock’s fifty day moving average is $589.48 and its 200-day moving average is $575.53. RBC Bearings Incorporated has a one year low of $152.90 and a one year 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.