Grandeur Peak Global Advisors LLC Takes $1.69 Million Position in RBC Bearings Incorporated $ROLL

Grandeur Peak Global Advisors LLC purchased a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,628 shares of the company’s stock, valued at approximately $1,693,000.

A number of other institutional investors and hedge funds have also modified their holdings of ROLL. C M Bidwell & Associates Ltd. purchased a new position in RBC Bearings in the 2nd quarter valued at approximately $25,000. Quantbot Technologies LP purchased a new stake in RBC Bearings during the second quarter worth $27,000. Danske Bank A S purchased a new stake in RBC Bearings during the second quarter worth $39,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in RBC Bearings in the second quarter valued at $53,000. Finally, Osterweis Capital Management Inc. acquired a new stake in RBC Bearings in the second quarter valued at $64,000.

RBC Bearings Stock Up 3.6%

Shares of ROLL stock opened at $513.95 on Friday. RBC Bearings Incorporated has a fifty-two week low of $152.90 and a fifty-two week high of $264.94. The business has a fifty day simple moving average of $580.36 and a 200-day simple moving average of $575.73. The stock has a market cap of $14.87 billion, a P/E ratio of 249.49 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.