Man Group plc Purchases Shares of 18,495 RBC Bearings Incorporated $ROLL

Man Group plc purchased a new position in RBC Bearings Incorporated (NASDAQ:ROLL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,495 shares of the company’s stock, valued at approximately $11,912,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ROLL. Deutsche Bank AG purchased a new stake in shares of RBC Bearings during the second quarter valued at $48,927,000. Bank of New York Mellon Corp acquired a new position in shares of RBC Bearings in the 2nd quarter valued at $112,479,000. BlackRock Inc. purchased a new position in RBC Bearings in the 2nd quarter worth $1,962,222,000. Flputnam Investment Management Co. purchased a new position in RBC Bearings in the 2nd quarter worth $934,000. Finally, Global Retirement Partners LLC acquired a new stake in RBC Bearings during the 2nd quarter worth about $1,431,000.

RBC Bearings Stock Performance

RBC Bearings stock opened at $513.95 on Friday. The business’s 50-day simple moving average is $580.36 and its two-hundred day simple moving average is $575.73. The company has a market cap of $14.87 billion, a PE ratio of 249.49 and a beta of 1.34. RBC Bearings Incorporated has a fifty-two week low of $152.90 and a fifty-two week high of $264.94.

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.