Shares of RBC Bearings Incorporated (NASDAQ:ROLL - Get Free Report) rose 2.3% on Tuesday. The company traded as high as $478.28 and last traded at $473.05. Approximately 540,412 shares changed hands during mid-day trading, an increase of 247% from the average daily volume of 155,583 shares. The stock had previously closed at $462.21.
RBC Bearings Stock Performance
The firm's 50 day simple moving average is $495.29 and its 200-day simple moving average is $550.96. The company has a market cap of $13.69 billion, a price-to-earnings ratio of 229.64 and a beta of 1.34.
Hedge Funds Weigh In On RBC Bearings
Several hedge funds and other institutional investors have recently modified their holdings of the business. C M Bidwell & Associates Ltd. purchased a new stake in RBC Bearings in the 2nd quarter valued at $25,000. Quantbot Technologies LP purchased a new stake in RBC Bearings in the 2nd quarter valued at about $27,000. Danske Bank A S purchased a new stake in RBC Bearings in the 2nd quarter valued at about $39,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in RBC Bearings in the 2nd quarter valued at about $53,000. Finally, Osterweis Capital Management Inc. acquired a new position in RBC Bearings in the second quarter valued at about $64,000.
About RBC Bearings
(
Get Free Report)
RBC Bearings Incorporated designs and manufactures highly engineered bearing products and related components. Its portfolio includes plain bearings, roller bearings, ball bearings, rod ends, spherical bearings, precision components and other specialized products used in demanding operating environments.
The company serves aerospace and defense, industrial, construction, mining, energy, transportation and other markets. Its products are used in aircraft and aircraft engines, industrial machinery, heavy equipment, rail systems and other applications that require reliable motion control, load handling and durability.
Founded in 1919, RBC Bearings has developed a portfolio of established product brands and manufacturing capabilities serving customers in North America and international markets.
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