7,938 Shares in RBC Bearings Incorporated $ROLL Bought by NewEdge Wealth LLC

NewEdge Wealth LLC acquired a new position in RBC Bearings Incorporated (NASDAQ:ROLL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,938 shares of the company’s stock, valued at approximately $5,113,000.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of RBC Bearings during the 2nd quarter valued at $1,962,222,000. Bank of New York Mellon Corp purchased a new position in shares of RBC Bearings in the 2nd quarter worth about $112,479,000. Deutsche Bank AG bought a new position in RBC Bearings during the second quarter valued at about $48,927,000. TimesSquare Capital Management LLC purchased a new stake in RBC Bearings during the second quarter worth about $40,908,000. Finally, OneDigital Investment Advisors LLC bought a new stake in RBC Bearings in the second quarter worth about $2,049,000.

RBC Bearings Stock Down 2.1%

RBC Bearings stock opened at $545.65 on Thursday. RBC Bearings Incorporated has a twelve month low of $152.90 and a twelve month high of $264.94. The firm has a 50 day moving average price of $592.66 and a 200-day moving average price of $575.97. The company has a market capitalization of $15.79 billion, a P/E ratio of 264.88 and a beta of 1.34.

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.