Ameriprise Financial Inc. acquired a new position in RBC Bearings Incorporated (NASDAQ:ROLL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,086 shares of the industrial products company’s stock, valued at approximately $1,637,000. Ameriprise Financial Inc. owned 0.05% of RBC Bearings at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ROLL. Schwab Charles Investment Management Inc. raised its position in RBC Bearings by 4.1% in 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 purchasing an additional 5,046 shares during the period. Bank of New York Mellon Corp raised its position in RBC Bearings by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 175,745 shares of the industrial products company’s stock worth $17,885,000 after purchasing an additional 1,774 shares during the period. Legal & General Group Plc raised its position in RBC Bearings by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 8,312 shares of the industrial products company’s stock worth $845,000 after purchasing an additional 153 shares during the period. BNP Paribas Arbitrage SA raised its position in RBC Bearings by 610.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,283 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 2,821 shares during the period. Finally, Victory Capital Management Inc. raised its position in RBC Bearings by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 2,024 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 302 shares during the period. 98.64% of the stock is currently owned by institutional investors.



Shares of RBC Bearings Incorporated (NASDAQ ROLL) traded down $1.81 during trading hours on Wednesday, hitting $126.00. 71,381 shares of the stock were exchanged, compared to its average volume of 90,332. The stock has a market capitalization of $3,099.75, a price-to-earnings ratio of 42.71, a PEG ratio of 5.83 and a beta of 1.35. RBC Bearings Incorporated has a fifty-two week low of $88.70 and a fifty-two week high of $139.95. The company has a current ratio of 4.68, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26.

 

RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings data 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). RBC Bearings had a net margin of 11.18% and a return on equity of 11.10%. The business 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 business posted $0.78 earnings per share. RBC Bearings’s revenue for the quarter was up 6.8% on a year-over-year basis. sell-side analysts expect that RBC Bearings Incorporated will post 3.74 EPS for the current fiscal year.



In other news, VP Thomas C. Crainer sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $120.76, for a total transaction of $1,811,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Richard J. Edwards sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $121.54, for a total transaction of $1,215,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,487 shares of company stock worth $4,632,657. Insiders own 3.70% of the company’s stock.



A number of equities analysts have recently commented on ROLL shares. Zacks Investment Research lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Bank of America raised their target price on shares of RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. CL King started coverage on shares of RBC Bearings in a research report on Wednesday, November 29th. They set a “buy” rating and a $142.00 target price on the stock. ValuEngine lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub lowered shares of RBC Bearings from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. RBC Bearings currently has an average rating of “Buy” and an average target price of $141.50.