RBC Bearings Incorporated (ROLL) Stake Raised by Blair William & Co. IL
Blair William & Co. IL raised its position in RBC Bearings Incorporated (NASDAQ:ROLL) by 58.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,293 shares of the industrial products company’s stock after buying an additional 3,068 shares during the period. Blair William & Co. IL’s holdings in RBC Bearings were worth $844,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of ROLL. Commerce Bank increased its stake in RBC Bearings by 0.8% in the first quarter. Commerce Bank now owns 5,345 shares of the industrial products company’s stock worth $519,000 after buying an additional 40 shares during the period. BB&T Corp increased its stake in RBC Bearings by 2.7% in the first quarter. BB&T Corp now owns 3,115 shares of the industrial products company’s stock worth $302,000 after buying an additional 81 shares during the period. Victory Capital Management Inc. increased its stake in RBC Bearings by 6.3% in the first quarter. Victory Capital Management Inc. now owns 1,722 shares of the industrial products company’s stock worth $167,000 after buying an additional 102 shares during the period. Suntrust Banks Inc. increased its stake in RBC Bearings by 2.3% in the first quarter. Suntrust Banks Inc. now owns 4,703 shares of the industrial products company’s stock worth $455,000 after buying an additional 107 shares during the period. Finally, Legal & General Group Plc increased its stake in RBC Bearings by 1.9% in the second quarter. Legal & General Group Plc now owns 8,312 shares of the industrial products company’s stock worth $845,000 after buying an additional 153 shares during the period. Institutional investors and hedge funds own 99.87% of the company’s stock.
Shares of RBC Bearings Incorporated (NASDAQ:ROLL) opened at 109.33 on Thursday. RBC Bearings Incorporated has a 52-week low of $67.99 and a 52-week high of $111.04. The firm has a market capitalization of $2.60 billion, a P/E ratio of 35.13 and a beta of 1.30. The company’s 50-day moving average price is $104.72 and its 200-day moving average price is $99.41.
RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Tuesday, August 8th. The industrial products company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.09. The business had revenue of $163.90 million for the quarter, compared to analyst estimates of $160.42 million. RBC Bearings had a net margin of 11.91% and a return on equity of 11.25%. RBC Bearings’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 EPS. On average, equities research analysts expect that RBC Bearings Incorporated will post $3.66 EPS for the current fiscal year.
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A number of research firms recently weighed in on ROLL. Zacks Investment Research downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. BidaskClub raised RBC Bearings from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th.
In other RBC Bearings news, CEO Michael J. Hartnett sold 4,474 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $104.48, for a total value of $467,443.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas C. Crainer sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $106.62, for a total transaction of $533,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 135,425 shares of company stock worth $14,249,574 in the last ninety days. 3.70% of the stock is currently owned by insiders.
About RBC Bearings
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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