Granahan Investment Management Inc. MA decreased its holdings in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,493 shares of the industrial products company’s stock after selling 690 shares during the quarter. Granahan Investment Management Inc. MA owned about 0.31% of RBC Bearings worth $9,323,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Strs Ohio boosted its position in shares of RBC Bearings by 71.4% during the 2nd quarter. Strs Ohio now owns 1,200 shares of the industrial products company’s stock valued at $122,000 after acquiring an additional 500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of RBC Bearings by 106.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,237 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 637 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of RBC Bearings during the 3rd quarter valued at about $189,000. Comerica Bank acquired a new position in RBC Bearings in the third quarter valued at about $230,000. Finally, Parametrica Management Ltd acquired a new position in RBC Bearings in the third quarter valued at about $238,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Shares of RBC Bearings Incorporated (NASDAQ:ROLL) opened at $123.84 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 4.68. The stock has a market cap of $3,002.52, a PE ratio of 36.75, a price-to-earnings-growth ratio of 5.81 and a beta of 1.34. RBC Bearings Incorporated has a one year low of $87.61 and a one year high of $139.95.

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

A number of research analysts have commented on ROLL shares. Zacks Investment Research cut shares of RBC Bearings from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. CL King started coverage on shares of RBC Bearings in a research report on Wednesday, November 29th. They issued a “buy” rating and a $142.00 target price on the stock. Bank of America upped their target price on shares of RBC Bearings from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. ValuEngine cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub raised shares of RBC Bearings from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $139.33.

In other RBC Bearings news, insider Michael J. Hartnett sold 1,687 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $128.28, for a total transaction of $216,408.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 have sold 36,487 shares of company stock worth $4,504,657 over the last quarter. Insiders own 3.70% of the company’s stock.

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About RBC Bearings

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.

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

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