Hsbc Holdings PLC Takes Position in RBC Bearings Incorporated $ROLL

Hsbc Holdings PLC acquired a new position in RBC Bearings Incorporated (NASDAQ:ROLL) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 3,006 shares of the company’s stock, valued at approximately $1,921,000.

Several other large investors have also recently bought and sold shares of ROLL. GSA Capital Partners LLP acquired a new stake in shares of RBC Bearings in the 2nd quarter valued at $281,000. State of Wyoming acquired a new stake in RBC Bearings in the second quarter worth about $1,151,000. Focus Partners Advisor Solutions LLC bought a new stake in RBC Bearings during the 2nd quarter worth about $1,178,000. Bank of New York Mellon Corp acquired a new position in RBC Bearings during the 2nd quarter valued at about $112,479,000. Finally, Global Retirement Partners LLC bought a new position in shares of RBC Bearings in the 2nd quarter valued at about $1,431,000.

RBC Bearings Price Performance

Shares of NASDAQ:ROLL opened at $500.62 on Monday. The stock has a market cap of $14.48 billion, a price-to-earnings ratio of 243.02 and a beta of 1.34. The company has a 50 day moving average of $577.76 and a 200-day moving average of $575.48. RBC Bearings Incorporated has a one year low of $152.90 and a one year 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.