RBC Bearings Incorporated (NASDAQ:ROLLP – Get Rating) Director Richard R. Crowell sold 1,600 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $233.27, for a total value of $373,232.00. Following the completion of the sale, the director now owns 30,070 shares in the company, valued at $7,014,428.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
RBC Bearings Trading Up 0.4 %
Shares of RBC Bearings stock opened at $115.43 on Thursday. The business 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.
Hedge Funds Weigh In On RBC Bearings
A number of institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new stake in shares of RBC Bearings during the 1st quarter valued at about $40,000. Citigroup Inc. acquired a new stake in shares of RBC Bearings during the 1st quarter valued at about $682,000. Palisade Capital Management LLC NJ acquired a new stake in shares of RBC Bearings during the 1st quarter valued at about $1,990,000. SG Americas Securities LLC acquired a new stake in shares of RBC Bearings during the 1st quarter valued at about $3,291,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of RBC Bearings during the 1st quarter valued at about $3,319,000.
About RBC Bearings
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.
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