Connor Clark & Lunn Investment Management Ltd. Takes Position in RBC Bearings Incorporated $ROLL

Connor Clark & Lunn Investment Management Ltd. acquired a new position in RBC Bearings Incorporated (NASDAQ:ROLL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,871 shares of the company’s stock, valued at approximately $19,883,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.11% of RBC Bearings as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. bought a new position in shares of RBC Bearings in the second quarter valued at approximately $25,000. Quantbot Technologies LP purchased a new stake in shares of RBC Bearings during the second quarter valued at approximately $27,000. Danske Bank A S bought a new stake in RBC Bearings during the second quarter worth $39,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in RBC Bearings in the second quarter worth $53,000. Finally, Virtus Advisers LLC purchased a new position in RBC Bearings in the second quarter worth $99,000.

RBC Bearings Stock Performance

ROLL opened at $495.90 on Wednesday. RBC Bearings Incorporated has a fifty-two week low of $152.90 and a fifty-two week high of $264.94. The firm has a 50-day moving average of $585.10 and a 200 day moving average of $575.92. The firm has a market cap of $14.35 billion, a P/E ratio of 240.73 and a beta of 1.34.

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.