Legal & General Group Plc Takes $36.32 Million Position in RBC Bearings Incorporated $ROLL

Legal & General Group Plc acquired a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 56,398 shares of the company’s stock, valued at approximately $36,324,000. Legal & General Group Plc owned about 0.19% of RBC Bearings at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ROLL. C M Bidwell & Associates Ltd. bought a new position in RBC Bearings during the 2nd quarter worth approximately $25,000. Quantbot Technologies LP bought a new position in RBC Bearings during the second quarter worth $27,000. Danske Bank A S acquired a new position in RBC Bearings in the second quarter valued at $39,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in RBC Bearings in the second quarter valued at $53,000. Finally, Virtus Advisers LLC bought a new stake in RBC Bearings during the second quarter valued at $99,000.

RBC Bearings Trading Down 1.0%

Shares of RBC Bearings stock opened at $509.00 on Friday. The business has a 50-day moving average price of $577.76 and a two-hundred day moving average price of $575.26. RBC Bearings Incorporated has a 1-year low of $152.90 and a 1-year high of $264.94. The company has a market cap of $14.73 billion, a P/E ratio of 247.09 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.