First Trust Advisors LP boosted its stake in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 44.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,548 shares of the industrial products company’s stock after buying an additional 27,964 shares during the period. First Trust Advisors LP owned about 0.38% of RBC Bearings worth $8,791,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ROLL. Russell Investments Group Ltd. purchased a new position in shares of RBC Bearings during the fourth quarter valued at approximately $180,000. Oxford Asset Management purchased a new position in shares of RBC Bearings during the fourth quarter valued at approximately $250,000. Ellington Management Group LLC purchased a new position in shares of RBC Bearings during the fourth quarter valued at approximately $278,000. BB&T Corp boosted its position in shares of RBC Bearings by 2.7% in the first quarter. BB&T Corp now owns 3,115 shares of the industrial products company’s stock valued at $302,000 after buying an additional 81 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of RBC Bearings during the third quarter valued at approximately $353,000. 99.43% of the stock is owned by institutional investors.

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

RBC Bearings Incorporated (ROLL) traded up 1.09% during trading on Friday, reaching $104.82. 201,741 shares of the company’s stock were exchanged. The company has a market cap of $2.49 billion, a P/E ratio of 35.29 and a beta of 1.28. RBC Bearings Incorporated has a 12-month low of $67.99 and a 12-month high of $108.39. The stock’s 50-day moving average is $101.93 and its 200-day moving average is $94.93.

RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings data on Wednesday, May 31st. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. RBC Bearings had a net margin of 11.48% and a return on equity of 11.12%. The business had revenue of $160.20 million during the quarter, compared to analyst estimates of $161.08 million. During the same period last year, the firm posted $0.86 EPS. The company’s revenue was down 1.3% on a year-over-year basis. Analysts predict that RBC Bearings Incorporated will post $3.57 EPS for the current fiscal year.

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Separately, Zacks Investment Research cut shares of RBC Bearings from a “hold” rating to a “sell” rating in a research note on Thursday, April 6th.

In other RBC Bearings news, Director Richard R. Crowell sold 2,300 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $106.19, for a total transaction of $244,237.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael J. Hartnett sold 11,716 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $104.63, for a total transaction of $1,225,845.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,078 shares of company stock valued at $6,997,430. Insiders own 4.40% of the company’s stock.

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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