OneDigital Investment Advisors LLC Acquires New Stake in RBC Bearings Incorporated $ROLL

OneDigital Investment Advisors LLC acquired a new stake 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 fund acquired 3,181 shares of the company’s stock, valued at approximately $2,049,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Flputnam Investment Management Co. purchased a new stake in shares of RBC Bearings in the second quarter worth about $934,000. Global Retirement Partners LLC purchased a new stake in shares of RBC Bearings during the 2nd quarter valued at about $1,431,000. Bank of New York Mellon Corp purchased a new stake in shares of RBC Bearings during the 2nd quarter valued at about $112,479,000. Focus Partners Advisor Solutions LLC acquired a new position in RBC Bearings during the 2nd quarter worth approximately $1,178,000. Finally, State of Wyoming acquired a new position in RBC Bearings during the 2nd quarter worth approximately $1,151,000.

RBC Bearings Stock Up 1.1%

NASDAQ ROLL opened at $560.49 on Monday. The business has a 50 day moving average price of $594.86 and a two-hundred day moving average price of $574.95. RBC Bearings Incorporated has a fifty-two week low of $152.90 and a fifty-two week high of $264.94. The stock has a market cap of $16.22 billion, a PE ratio of 272.08 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.