BNP Paribas Arbitrage SA raised its stake in shares of RBC Bearings Inc. (NASDAQ:ROLL) by 98.2% during the third quarter, Holdings Channel reports. The institutional investor owned 2,059 shares of the company’s stock after buying an additional 1,020 shares during the period. BNP Paribas Arbitrage SA’s holdings in RBC Bearings were worth $157,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC raised its stake in RBC Bearings by 3.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,816,967 shares of the company’s stock valued at $131,730,000 after buying an additional 57,458 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of RBC Bearings by 3.4% in the second quarter. Neuberger Berman Group LLC now owns 1,634,074 shares of the company’s stock valued at $118,470,000 after buying an additional 53,396 shares during the period. Royce & Associates LP raised its stake in shares of RBC Bearings by 2.2% in the second quarter. Royce & Associates LP now owns 998,271 shares of the company’s stock valued at $72,375,000 after buying an additional 21,300 shares during the period. JPMorgan Chase & Co. raised its stake in shares of RBC Bearings by 7.4% in the second quarter. JPMorgan Chase & Co. now owns 882,792 shares of the company’s stock valued at $64,003,000 after buying an additional 60,810 shares during the period. Finally, TimesSquare Capital Management LLC raised its stake in shares of RBC Bearings by 9.5% in the first quarter. TimesSquare Capital Management LLC now owns 864,328 shares of the company’s stock valued at $63,321,000 after buying an additional 75,250 shares during the period. 99.73% of the stock is owned by institutional investors.
RBC Bearings Inc. (NASDAQ:ROLL) opened at 76.26 on Monday. The stock has a 50 day moving average price of $76.98 and a 200 day moving average price of $74.86. The stock has a market cap of $1.78 billion, a P/E ratio of 26.21 and a beta of 1.19. RBC Bearings Inc. has a 12-month low of $54.38 and a 12-month high of $87.82.
RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.01. RBC Bearings had a net margin of 11.24% and a return on equity of 12.05%. The business earned $154.58 million during the quarter, compared to the consensus estimate of $152.83 million. During the same period in the previous year, the business posted $0.78 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that RBC Bearings Inc. will post $3.34 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised RBC Bearings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 21st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $74.80.
RBC Bearings Company Profile
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.
Want to see what other hedge funds are holding ROLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RBC Bearings Inc. (NASDAQ:ROLL).
Receive News & Ratings for RBC Bearings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.