15,296 Shares in RBC Bearings Incorporated $ROLL Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in RBC Bearings Incorporated (NASDAQ:ROLL) in the 2nd quarter, Holdings Channel reports. The firm bought 15,296 shares of the company’s stock, valued at approximately $9,852,000.

A number of other institutional investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in RBC Bearings in the second quarter valued at approximately $281,000. State of Wyoming acquired a new position in RBC Bearings in the 2nd quarter valued at $1,151,000. Focus Partners Advisor Solutions LLC bought a new position in shares of RBC Bearings during the second quarter worth approximately $1,178,000. Bank of New York Mellon Corp acquired a new position in RBC Bearings in the second quarter valued at about $112,479,000. Finally, Global Retirement Partners LLC acquired a new stake in RBC Bearings during the second quarter worth about $1,431,000.

RBC Bearings Stock Performance

RBC Bearings stock opened at $500.62 on Friday. The stock has a market capitalization of $14.48 billion, a P/E ratio of 243.02 and a beta of 1.34. The stock has a fifty day moving average of $577.76 and a 200-day moving average of $575.26. RBC Bearings Incorporated has a 52 week low of $152.90 and a 52 week 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.