SG Americas Securities LLC bought a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,622 shares of the company’s stock, valued at approximately $353,000.
A number of other large investors also recently made changes to their positions in ROLL. Diversified Trust Co boosted its stake in shares of RBC Bearings by 2.6% in the second quarter. Diversified Trust Co now owns 3,437 shares of the company’s stock worth $249,000 after buying an additional 87 shares during the period. Whittier Trust Co. boosted its stake in shares of RBC Bearings by 1.2% in the second quarter. Whittier Trust Co. now owns 19,865 shares of the company’s stock worth $1,440,000 after buying an additional 238 shares during the period. Bbva Compass Bancshares Inc. boosted its stake in shares of RBC Bearings by 47.4% in the second quarter. Bbva Compass Bancshares Inc. now owns 11,322 shares of the company’s stock worth $820,000 after buying an additional 3,641 shares during the period. Aberdeen Asset Management PLC UK boosted its stake in shares of RBC Bearings by 22.1% in the second quarter. Aberdeen Asset Management PLC UK now owns 472,666 shares of the company’s stock worth $34,268,000 after buying an additional 85,697 shares during the period. Finally, Palisade Capital Management LLC NJ boosted its stake in shares of RBC Bearings by 6.4% in the second quarter. Palisade Capital Management LLC NJ now owns 45,934 shares of the company’s stock worth $3,330,000 after buying an additional 2,762 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.
Shares of RBC Bearings Incorporated (NASDAQ:ROLL) traded up 0.27% on Friday, hitting $93.46. The company had a trading volume of 24,359 shares. RBC Bearings Incorporated has a 12-month low of $55.10 and a 12-month high of $95.02. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 30.54 and a beta of 1.19. The company has a 50 day moving average of $91.79 and a 200-day moving average of $80.29.
RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. RBC Bearings had a net margin of 11.75% and a return on equity of 11.71%. The business had revenue of $153.90 million for the quarter, compared to analysts’ expectations of $153.26 million. During the same period in the previous year, the company posted $0.76 EPS. RBC Bearings’s revenue was up 3.5% on a year-over-year basis. On average, analysts forecast that RBC Bearings Incorporated will post $3.22 earnings per share for the current year.
Several equities research analysts have recently issued reports on the company. Seaport Global Securities cut RBC Bearings from an “accumulate” rating to a “neutral” rating and set a $73.00 price objective on the stock. in a report on Friday, October 14th. Zacks Investment Research cut RBC Bearings from a “hold” rating to a “sell” rating in a report on Monday, October 17th. Finally, William Blair upgraded RBC Bearings from a “market perform” rating to an “outperform” rating in a report on Monday, December 12th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $80.40.
In related news, General Counsel Thomas J. Williams sold 8,460 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $71.43, for a total value of $604,297.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard R. Crowell sold 10,500 shares of the company’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $92.20, for a total transaction of $968,100.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,960 shares of company stock worth $9,713,327. 4.40% of the stock is currently owned by corporate insiders.
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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