Gallo Partners LP Buys Shares of 4,363 RBC Bearings Incorporated $ROLL

Gallo Partners LP purchased a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,363 shares of the company’s stock, valued at approximately $2,810,000. RBC Bearings comprises about 6.2% of Gallo Partners LP’s portfolio, making the stock its 4th biggest position.

Other hedge funds also recently made changes to their positions in the company. C M Bidwell & Associates Ltd. acquired a new stake in shares of RBC Bearings in the second quarter valued at approximately $25,000. Quantbot Technologies LP acquired a new position in RBC Bearings during the second quarter worth $27,000. Danske Bank A S acquired a new position in RBC Bearings during the second quarter worth $39,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in RBC Bearings in the second quarter valued at $53,000. Finally, Virtus Advisers LLC bought a new position in RBC Bearings in the second quarter valued at $99,000.

RBC Bearings Trading Up 0.2%

Shares of ROLL stock opened at $505.63 on Monday. The firm’s fifty day moving average price is $589.48 and its two-hundred day moving average price is $576.07. RBC Bearings Incorporated has a 1 year low of $152.90 and a 1 year high of $264.94. The firm has a market capitalization of $14.63 billion, a P/E ratio of 245.45 and a beta of 1.34.

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.