Russell Investments Group Ltd. lessened its holdings in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 13.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,195 shares of the industrial products company’s stock after selling 11,872 shares during the period. Russell Investments Group Ltd. owned 0.31% of RBC Bearings worth $9,536,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in RBC Bearings by 2.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,258,487 shares of the industrial products company’s stock valued at $229,824,000 after buying an additional 53,909 shares during the period. BlackRock Inc. lifted its holdings in RBC Bearings by 2.8% in the second quarter. BlackRock Inc. now owns 1,844,217 shares of the industrial products company’s stock valued at $187,666,000 after buying an additional 49,694 shares during the period. Vanguard Group Inc. lifted its holdings in RBC Bearings by 0.7% in the second quarter. Vanguard Group Inc. now owns 1,817,613 shares of the industrial products company’s stock valued at $184,960,000 after buying an additional 12,863 shares during the period. Wasatch Advisors Inc. lifted its holdings in RBC Bearings by 131.3% in the second quarter. Wasatch Advisors Inc. now owns 858,702 shares of the industrial products company’s stock valued at $87,382,000 after buying an additional 487,495 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in RBC Bearings by 0.8% in the second quarter. Wells Fargo & Company MN now owns 615,432 shares of the industrial products company’s stock valued at $62,627,000 after buying an additional 4,911 shares during the period. Institutional investors own 99.52% of the company’s stock.

Shares of RBC Bearings Incorporated (NASDAQ:ROLL) opened at $127.53 on Wednesday. RBC Bearings Incorporated has a 52 week low of $83.80 and a 52 week high of $139.95. The company has a quick ratio of 1.64, a current ratio of 4.68 and a debt-to-equity ratio of 0.26. The firm has a market cap of $3,193.33, a price-to-earnings ratio of 39.08, a price-to-earnings-growth ratio of 6.18 and a beta of 1.34.

RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings results on Friday, November 3rd. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). The company had revenue of $164.30 million during the quarter, compared to the consensus estimate of $164.56 million. RBC Bearings had a net margin of 11.18% and a return on equity of 11.10%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $0.78 earnings per share. equities research analysts predict that RBC Bearings Incorporated will post 3.63 EPS for the current year.

Several equities analysts recently issued reports on ROLL shares. Zacks Investment Research upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a report on Thursday, August 10th. BidaskClub upgraded shares of RBC Bearings from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Bank of America lifted their price target on shares of RBC Bearings from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. CL King initiated coverage on shares of RBC Bearings in a research note on Wednesday, November 29th. They issued a “buy” rating and a $142.00 price target for the company. Finally, ValuEngine downgraded shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $139.33.

In other news, VP Richard J. Edwards sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $121.54, for a total transaction of $1,215,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas C. Crainer sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $120.76, for a total transaction of $1,811,400.00. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

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RBC Bearings 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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Institutional Ownership by Quarter for RBC Bearings (NASDAQ:ROLL)

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