Deutsche Bank AG Acquires New Position in RBC Bearings Incorporated $ROLL

Deutsche Bank AG purchased a new stake in RBC Bearings Incorporated (NASDAQ:ROLL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 75,966 shares of the company’s stock, valued at approximately $48,927,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new stake in shares of RBC Bearings in the 2nd quarter valued at $112,479,000. TimesSquare Capital Management LLC bought a new position in shares of RBC Bearings in the second quarter valued at approximately $40,908,000. OneDigital Investment Advisors LLC bought a new position in shares of RBC Bearings in the second quarter valued at approximately $2,049,000. Global Retirement Partners LLC acquired a new stake in shares of RBC Bearings in the second quarter worth $1,431,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in shares of RBC Bearings during the 2nd quarter worth $1,178,000.

RBC Bearings Price Performance

ROLL stock opened at $504.61 on Friday. The stock has a market capitalization of $14.60 billion, a price-to-earnings ratio of 244.96 and a beta of 1.34. The company has a 50-day moving average of $589.48 and a two-hundred day moving average of $575.53. RBC Bearings Incorporated has a 52-week low of $152.90 and a 52-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.