TimesSquare Capital Management LLC bought a new stake in RBC Bearings Incorporated (NASDAQ:ROLL – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 63,516 shares of the company’s stock, valued at approximately $40,908,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in RBC Bearings during the 2nd quarter worth approximately $53,000. GSA Capital Partners LLP bought a new position in RBC Bearings in the 2nd quarter valued at $281,000. Flputnam Investment Management Co. bought a new position in RBC Bearings in the 2nd quarter valued at $934,000. State of Wyoming acquired a new position in RBC Bearings in the second quarter worth $1,151,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in RBC Bearings in the second quarter worth $1,178,000.
RBC Bearings Stock Performance
Shares of ROLL stock opened at $560.49 on Tuesday. RBC Bearings Incorporated has a 52 week low of $152.90 and a 52 week high of $264.94. The stock has a market capitalization of $16.22 billion, a PE ratio of 272.08 and a beta of 1.34. The stock’s fifty day moving average is $594.26 and its 200-day moving average is $575.34.
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.
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