Public Employees Retirement System of Ohio Acquires New Position in RBC Bearings Incorporated $ROLL

Public Employees Retirement System of Ohio bought a new position in RBC Bearings Incorporated (NASDAQ:ROLL) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,369 shares of the company’s stock, valued at approximately $12,475,000.

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

RBC Bearings Stock Performance

ROLL opened at $500.62 on Monday. The stock has a market cap of $14.48 billion, a price-to-earnings ratio of 243.02 and a beta of 1.34. The firm’s fifty day moving average is $577.76 and its 200 day moving average is $575.48. RBC Bearings Incorporated has a fifty-two week low of $152.90 and a fifty-two week high of $264.94.

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.