Shares of RBC Bearings Incorporated (NASDAQ:ROLL – Get Free Report) were up 2.6% on Monday. The stock traded as high as $510.46 and last traded at $503.68. Approximately 284,737 shares changed hands during trading, an increase of 83% from the average daily volume of 155,583 shares. The stock had previously closed at $490.99.
RBC Bearings Price Performance
The business has a fifty day moving average of $512.06 and a 200-day moving average of $562.25. The stock has a market capitalization of $14.76 billion, a price-to-earnings ratio of 247.58 and a beta of 1.34.
Hedge Funds Weigh In On RBC Bearings
Large investors have recently made changes to their positions in the business. C M Bidwell & Associates Ltd. acquired a new position in shares of RBC Bearings in the 2nd quarter worth $25,000. Quantbot Technologies LP purchased a new stake in shares of RBC Bearings during the second quarter valued at $27,000. Danske Bank A S purchased a new stake in shares of RBC Bearings during the second quarter valued at $39,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of RBC Bearings during the second quarter valued at $53,000. Finally, Osterweis Capital Management Inc. acquired a new position in shares of RBC Bearings in the 2nd quarter valued at $64,000.
RBC Bearings Company Profile
RBC Bearings Incorporated (NASDAQ: ROLL) designs, manufactures and markets highly engineered bearings and motion-control products. Its portfolio includes plain bearings, roller bearings, ball bearings, rod ends, spherical bearings, airframe control bearings and other components used to manage friction, rotation and load in demanding applications.
The company serves aerospace and defense, industrial, transportation, construction, mining and energy customers. Its products are used in aircraft and spacecraft systems, military equipment, industrial machinery, rail and other vehicles, as well as equipment operating in challenging environments that require specialized materials, precision engineering and reliable performance.
RBC Bearings traces its history to 1919 and is headquartered in Oxford, Connecticut.
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