Wasatch Advisors Inc. raised its holdings in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 20.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,198,672 shares of the industrial products company’s stock after acquiring an additional 203,366 shares during the quarter. RBC Bearings comprises approximately 2.0% of Wasatch Advisors Inc.’s portfolio, making the stock its 10th biggest holding. Wasatch Advisors Inc. owned approximately 4.94% of RBC Bearings worth $151,512,000 as of its most recent SEC filing. 

Several other institutional investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its stake in RBC Bearings by 4.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 127,253 shares of the industrial products company’s stock valued at $12,950,000 after acquiring an additional 5,046 shares during the last quarter. Bank of New York Mellon Corp increased its stake in RBC Bearings by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 175,745 shares of the industrial products company’s stock valued at $17,885,000 after acquiring an additional 1,774 shares during the last quarter. 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 valued at $845,000 after acquiring an additional 153 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in RBC Bearings by 610.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,283 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 2,821 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in RBC Bearings by 17.5% in the second quarter. Victory Capital Management Inc. now owns 2,024 shares of the industrial products company’s stock valued at $206,000 after acquiring an additional 302 shares during the last quarter. 98.64% of the stock is currently owned by hedge funds and other institutional investors. 

Several analysts have issued reports on ROLL shares. Zacks Investment Research lowered shares of RBC Bearings from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Drexel Hamilton started coverage on shares of RBC Bearings in a research report on Thursday, December 21st. They set a “buy” rating and a $140.00 price target for the company. BidaskClub lowered shares of RBC Bearings from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Bank of America increased their target price on shares of RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, CL King initiated coverage on shares of RBC Bearings in a report on Wednesday, November 29th. They set a “buy” rating and a $142.00 target price for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. RBC Bearings presently has a consensus rating of “Buy” and a consensus target price of $141.50.

Shares of RBC Bearings Incorporated (ROLL) traded down $0.61 on Wednesday, reaching $127.20. 26,091 shares of the company’s stock traded hands, compared to its average volume of 88,122. The company has a quick ratio of 1.64, a current ratio of 4.68 and a debt-to-equity ratio of 0.26. RBC Bearings Incorporated has a twelve month low of $88.70 and a twelve month high of $139.95. The stock has a market capitalization of $3,099.75, a price-to-earnings ratio of 42.66, a PEG ratio of 5.83 and a beta of 1.35. 

RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings data on Friday, November 3rd. The industrial products company reported $0.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.02). RBC Bearings had a return on equity of 11.10% and a net margin of 11.18%. The company had revenue of $164.30 million during the quarter, compared to analysts’ expectations of $164.56 million. During the same quarter last year, the business earned $0.78 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. analysts anticipate that RBC Bearings Incorporated will post 3.74 earnings per share for the current fiscal year. 

In other RBC Bearings news, VP Richard J. Edwards sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $121.54, for a total transaction of $1,215,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas C. Crainer sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were 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 have sold 37,487 shares of company stock valued at $4,632,657 in the last ninety days. Insiders own 3.70% of the company’s stock.