Royce & Associates LP Has $55.56 Million Position in RBC Bearings Incorporated (ROLL)

Royce & Associates LP reduced its holdings in RBC Bearings Incorporated (NASDAQ:ROLL) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 439,582 shares of the industrial products company’s stock after selling 49,595 shares during the quarter. Royce & Associates LP owned about 1.81% of RBC Bearings worth $55,563,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in RBC Bearings during the third quarter valued at approximately $189,000. Global X Management Co. LLC raised its stake in shares of RBC Bearings by 75.0% in the fourth quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company’s stock valued at $208,000 after acquiring an additional 705 shares during the last quarter. Comerica Bank bought a new position in shares of RBC Bearings in the third quarter valued at approximately $230,000. Strs Ohio raised its position in RBC Bearings by 58.3% in the 3rd quarter. Strs Ohio now owns 1,900 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 700 shares during the last quarter. Finally, Parametrica Management Ltd bought a new position in RBC Bearings in the 3rd quarter worth approximately $238,000. 98.00% of the stock is currently owned by institutional investors. 

In other news, CEO Michael J. Hartnett sold 3,500 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $128.79, for a total transaction of $450,765.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan B. Levine sold 4,900 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $115.70, for a total transaction of $566,930.00. The disclosure for this sale can be found here. In the last three months, insiders sold 37,387 shares of company stock valued at $4,653,387. 3.70% of the stock is owned by insiders. 


A number of analysts have commented on the stock. Bank of America lifted 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. Drexel Hamilton started coverage on shares of RBC Bearings in a report on Thursday, December 21st. They issued a “buy” rating and a $140.00 price target for the company. Zacks Investment Research raised shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a report on Tuesday, January 23rd. BidaskClub lowered shares of RBC Bearings from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Finally, ValuEngine lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $141.00.

RBC Bearings Incorporated (NASDAQ ROLL) traded down $0.01 during trading on Friday, reaching $124.35. 47,408 shares of the company’s stock traded hands, compared to its average volume of 86,998. RBC Bearings Incorporated has a 52-week low of $88.70 and a 52-week high of $139.95. The company has a market cap of $3,020.34, a PE ratio of 36.79, a P/E/G ratio of 5.42 and a beta of 1.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.65 and a current ratio of 4.65. 

RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.19. The business had revenue of $166.86 million for the quarter, compared to analyst estimates of $163.46 million. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. equities analysts forecast that RBC Bearings Incorporated will post 3.91 EPS for the current year.