66,679 Shares in RBC Bearings Incorporated (NASDAQ:ROLLP) Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLLPGet Rating) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 66,679 shares of the company’s stock, valued at approximately $6,649,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Angelo Gordon & CO. L.P. acquired a new position in shares of RBC Bearings in the 1st quarter valued at approximately $16,422,000. State Street Corp acquired a new position in shares of RBC Bearings in the 1st quarter valued at approximately $7,230,000. Invesco Ltd. acquired a new position in shares of RBC Bearings in the 1st quarter valued at approximately $12,491,000. Mackay Shields LLC acquired a new position in shares of RBC Bearings in the 1st quarter valued at approximately $3,437,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of RBC Bearings in the 1st quarter valued at approximately $24,332,000.

RBC Bearings Trading Up 0.4 %

Shares of ROLLP opened at $115.43 on Thursday. The firm has a 50 day simple moving average of $117.15. RBC Bearings Incorporated has a 52-week low of $81.01 and a 52-week high of $127.19.

Insider Buying and Selling at RBC Bearings

In other news, Director Steven H. Kaplan sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $200.05, for a total value of $80,020.00. Following the completion of the sale, the director now directly owns 7,500 shares in the company, valued at approximately $1,500,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Steven H. Kaplan sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $200.05, for a total value of $80,020.00. Following the completion of the sale, the director now directly owns 7,500 shares in the company, valued at approximately $1,500,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven H. Kaplan sold 500 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $256.61, for a total value of $128,305.00. Following the completion of the sale, the director now owns 6,700 shares of the company’s stock, valued at $1,719,287. The disclosure for this sale can be found here. Insiders have sold a total of 65,725 shares of company stock valued at $16,603,295 in the last three months.

RBC Bearings Company Profile

(Get Rating)

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.

See Also

Want to see what other hedge funds are holding ROLLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RBC Bearings Incorporated (NASDAQ:ROLLPGet Rating).

Institutional Ownership by Quarter for RBC Bearings (NASDAQ:ROLLP)

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