Port Capital LLC Takes $186.96 Million Position in RBC Bearings Incorporated $ROLL

Port Capital LLC purchased a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) in the second quarter, HoldingsChannel reports. The firm purchased 290,280 shares of the company’s stock, valued at approximately $186,958,000. RBC Bearings accounts for 7.6% of Port Capital LLC’s portfolio, making the stock its 2nd biggest position.

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

RBC Bearings Stock Performance

RBC Bearings stock opened at $496.01 on Thursday. The company’s 50 day simple moving average is $582.60 and its 200-day simple moving average is $575.77. The company has a market capitalization of $14.35 billion, a price-to-earnings ratio of 240.78 and a beta of 1.34. RBC Bearings Incorporated has a 1 year low of $152.90 and a 1 year high of $264.94.

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.