Port Capital LLC Purchases New Stake in RBC Bearings Incorporated $ROLL

Port Capital LLC acquired a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 290,280 shares of the company’s stock, valued at approximately $186,958,000. RBC Bearings makes up 7.6% of Port Capital LLC’s holdings, making the stock its 2nd biggest holding. Port Capital LLC owned about 1.00% of RBC Bearings at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Deutsche Bank AG purchased a new position in shares of RBC Bearings during the 2nd quarter worth $48,927,000. Bank of New York Mellon Corp acquired a new position in shares of RBC Bearings during the 2nd quarter valued at about $112,479,000. BlackRock Inc. purchased a new stake in shares of RBC Bearings in the second quarter valued at about $1,962,222,000. Flputnam Investment Management Co. acquired a new stake in RBC Bearings during the second quarter worth about $934,000. Finally, Global Retirement Partners LLC purchased a new position in RBC Bearings during the second quarter worth about $1,431,000.

RBC Bearings Price Performance

NASDAQ:ROLL opened at $496.01 on Thursday. The company’s 50-day moving average is $582.60 and its two-hundred day moving average is $575.77. RBC Bearings Incorporated has a 1-year low of $152.90 and a 1-year high of $264.94. The firm has a market capitalization of $14.35 billion, a price-to-earnings ratio of 240.78 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.