Tribune Investment Group LP Buys New Shares in RBC Bearings Incorporated $ROLL

Tribune Investment Group LP bought a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 7,470 shares of the company’s stock, valued at approximately $4,811,000. RBC Bearings comprises approximately 2.0% of Tribune Investment Group LP’s portfolio, making the stock its 14th largest position.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in RBC Bearings in the second quarter valued at approximately $1,962,222,000. Bank of New York Mellon Corp acquired a new position in shares of RBC Bearings during the 2nd quarter worth approximately $112,479,000. Deutsche Bank AG bought a new stake in shares of RBC Bearings during the 2nd quarter worth approximately $48,927,000. TimesSquare Capital Management LLC bought a new stake in shares of RBC Bearings during the 2nd quarter worth approximately $40,908,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of RBC Bearings in the 2nd quarter valued at approximately $19,883,000.

RBC Bearings Trading Up 0.2%

NASDAQ:ROLL opened at $505.63 on Monday. RBC Bearings Incorporated has a 1-year low of $152.90 and a 1-year high of $264.94. The firm has a fifty day simple moving average of $589.48 and a 200 day simple moving average of $576.07. The stock has a market capitalization of $14.63 billion, a PE 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.