Empowered Funds LLC Takes $1.36 Million Position in RBC Bearings Incorporated $ROLL

Empowered Funds LLC purchased a new position in RBC Bearings Incorporated (NASDAQ:ROLL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,106 shares of the company’s stock, valued at approximately $1,356,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ROLL. BlackRock Inc. acquired a new position in shares of RBC Bearings in the 2nd quarter valued at $1,962,222,000. Port Capital LLC acquired a new stake in RBC Bearings in the 2nd quarter valued at approximately $186,958,000. Bank of New York Mellon Corp bought a new stake in shares of RBC Bearings in the second quarter valued at approximately $112,479,000. Bamco Inc. NY acquired a new stake in shares of RBC Bearings in the second quarter worth $96,110,000. Finally, American Capital Management Inc. acquired a new stake in RBC Bearings in the 2nd quarter worth $92,575,000.

RBC Bearings Stock Performance

Shares of ROLL opened at $490.78 on Friday. RBC Bearings Incorporated has a 52 week low of $152.90 and a 52 week high of $264.94. The firm has a market capitalization of $14.20 billion, a P/E ratio of 238.24 and a beta of 1.34. The company has a 50-day simple moving average of $562.94 and a 200-day simple moving average of $573.33.

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.