Royce & Associates LP Purchases 4,200 Shares of RBC Bearings Incorporated (ROLL)
Royce & Associates LP grew its position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 489,177 shares of the industrial products company’s stock after acquiring an additional 4,200 shares during the quarter. Royce & Associates LP owned 2.02% of RBC Bearings worth $61,221,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in ROLL. Aperio Group LLC boosted its position in RBC Bearings by 10.1% during the 2nd quarter. Aperio Group LLC now owns 3,663 shares of the industrial products company’s stock worth $373,000 after acquiring an additional 337 shares during the last quarter. Russell Investments Group Ltd. boosted its position in RBC Bearings by 311.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 88,067 shares of the industrial products company’s stock worth $8,962,000 after acquiring an additional 66,685 shares during the last quarter. Strs Ohio boosted its position in RBC Bearings by 71.4% during the 2nd quarter. Strs Ohio now owns 1,200 shares of the industrial products company’s stock worth $122,000 after acquiring an additional 500 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in RBC Bearings by 4.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 127,253 shares of the industrial products company’s stock worth $12,950,000 after acquiring an additional 5,046 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in RBC Bearings by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 30,505 shares of the industrial products company’s stock worth $3,104,000 after acquiring an additional 281 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Michael J. Hartnett sold 6,300 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $128.68, for a total transaction of $810,684.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Thomas C. Crainer sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $120.76, for a total value of $1,811,400.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,300 shares of company stock worth $3,837,484. Company insiders own 3.70% of the company’s stock.
Shares of RBC Bearings Incorporated (ROLL) opened at $127.60 on Thursday. RBC Bearings Incorporated has a 12 month low of $83.80 and a 12 month high of $139.95. The stock has a market capitalization of $3,179.03, a P/E ratio of 38.91, a PEG ratio of 6.15 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 4.68.
RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings data on Friday, November 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $164.56 million. During the same quarter in the prior year, the company earned $0.78 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. research analysts forecast that RBC Bearings Incorporated will post 3.63 earnings per share for the current year.
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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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