Aperio Group LLC increased its position in RBC Bearings Incorporated (NASDAQ:ROLL) by 62.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,134 shares of the industrial products company’s stock after acquiring an additional 2,347 shares during the quarter. Aperio Group LLC’s holdings in RBC Bearings were worth $775,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in RBC Bearings in the 3rd quarter worth about $189,000. Comerica Bank purchased a new stake in RBC Bearings in the 3rd quarter worth about $230,000. Parametrica Management Ltd purchased a new position in RBC Bearings during the 3rd quarter valued at about $238,000. Strs Ohio grew its holdings in RBC Bearings by 58.3% during the 3rd quarter. Strs Ohio now owns 1,900 shares of the industrial products company’s stock valued at $237,000 after buying an additional 700 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in RBC Bearings during the 3rd quarter valued at about $251,000. 98.00% of the stock is owned by institutional investors.
ROLL has been the subject of a number of recent analyst reports. Zacks Investment Research lowered RBC Bearings from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. CL King initiated coverage on RBC Bearings in a report on Wednesday, November 29th. They set a “buy” rating and a $142.00 target price for the company. BidaskClub lowered RBC Bearings from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Bank of America lifted their target price on RBC Bearings from $120.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, ValuEngine lowered RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $141.00.
RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.19. The business had revenue of $166.86 million during the quarter, compared to analyst estimates of $163.46 million. RBC Bearings had a return on equity of 11.79% and a net margin of 12.52%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 EPS. equities research analysts expect that RBC Bearings Incorporated will post 3.91 earnings per share for the current fiscal year.
In other news, Director Alan B. Levine sold 4,900 shares of RBC Bearings stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $115.70, for a total transaction of $566,930.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael J. Hartnett sold 3,500 shares of RBC Bearings stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $128.79, for a total value of $450,765.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,387 shares of company stock valued at $4,653,387. Corporate insiders own 3.70% of the company’s stock.
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.
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