Gallo Partners LP Acquires Shares of 4,363 RBC Bearings Incorporated $ROLL

Gallo Partners LP acquired a new stake in RBC Bearings Incorporated (NASDAQ:ROLL) in the second quarter, HoldingsChannel.com reports. The fund acquired 4,363 shares of the company’s stock, valued at approximately $2,810,000. RBC Bearings makes up about 6.2% of Gallo Partners LP’s portfolio, making the stock its 4th largest position.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. bought a new stake in RBC Bearings in the 2nd quarter valued at $1,962,222,000. Bank of New York Mellon Corp bought a new position in RBC Bearings during the second quarter worth $112,479,000. Deutsche Bank AG acquired a new position in shares of RBC Bearings in the second quarter valued at $48,927,000. TimesSquare Capital Management LLC bought a new position in shares of RBC Bearings in the second quarter valued at about $40,908,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of RBC Bearings during the 2nd quarter worth about $19,883,000.

RBC Bearings Stock Up 0.2%

Shares of ROLL stock opened at $505.63 on Monday. RBC Bearings Incorporated has a 12-month low of $152.90 and a 12-month high of $264.94. The company has a market capitalization of $14.63 billion, a PE ratio of 245.45 and a beta of 1.34. The firm has a 50 day moving average price of $589.48 and a two-hundred day moving average price of $576.07.

RBC Bearings Company 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.