California Public Employees Retirement System grew its position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 32.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 52,555 shares of the industrial products company’s stock after acquiring an additional 12,938 shares during the period. California Public Employees Retirement System’s holdings in RBC Bearings were worth $8,719,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Invesco Ltd. grew its stake in shares of RBC Bearings by 3,153.1% in the second quarter. Invesco Ltd. now owns 458,423 shares of the industrial products company’s stock valued at $76,470,000 after buying an additional 444,331 shares in the last quarter. Conestoga Capital Advisors LLC boosted its holdings in RBC Bearings by 125.1% in the third quarter. Conestoga Capital Advisors LLC now owns 378,746 shares of the industrial products company’s stock valued at $62,838,000 after purchasing an additional 210,524 shares during the last quarter. Wasatch Advisors Inc. boosted its holdings in RBC Bearings by 11.7% in the second quarter. Wasatch Advisors Inc. now owns 1,630,566 shares of the industrial products company’s stock valued at $271,995,000 after purchasing an additional 170,692 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in RBC Bearings in the second quarter valued at about $16,361,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in RBC Bearings by 3.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,471,067 shares of the industrial products company’s stock valued at $412,200,000 after purchasing an additional 84,744 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

Shares of ROLL opened at $165.26 on Thursday. The company has a market capitalization of $4.19 billion, a P/E ratio of 34.14, a P/E/G ratio of 5.44 and a beta of 1.19. RBC Bearings Incorporated has a one year low of $123.50 and a one year high of $171.54. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.73 and a current ratio of 5.14. The stock has a 50-day moving average price of $161.82 and a 200 day moving average price of $156.50.

RBC Bearings (NASDAQ:ROLL) last released its earnings results on Friday, November 1st. The industrial products company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.08. RBC Bearings had a return on equity of 12.61% and a net margin of 15.23%. The company had revenue of $181.91 million for the quarter, compared to the consensus estimate of $180.93 million. During the same quarter last year, the business posted $1.22 EPS. RBC Bearings’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts forecast that RBC Bearings Incorporated will post 5.24 earnings per share for the current fiscal year.

In other RBC Bearings news, Director Alan B. Levine sold 1,250 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $163.00, for a total transaction of $203,750.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven H. Kaplan sold 200 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $163.88, for a total value of $32,776.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,056 shares of company stock worth $13,833,677. 3.50% of the stock is currently owned by company insiders.

A number of brokerages recently commented on ROLL. ValuEngine raised RBC Bearings from a “hold” rating to a “buy” rating in a report on Monday, November 4th. BidaskClub downgraded RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $161.33.

About RBC Bearings

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates in four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.

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

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