Royce & Associates LP cut its position in RBC Bearings Incorporated (NASDAQ:ROLL) by 4.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 371,507 shares of the industrial products company’s stock after selling 16,700 shares during the period. Royce & Associates LP owned about 1.51% of RBC Bearings worth $47,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).



Several other hedge funds and other institutional investors have also recently made changes to their positions in ROLL. Amalgamated Bank lifted its position in RBC Bearings by 15.4% during the second quarter. Amalgamated Bank now owns 3,607 shares of the industrial products company’s stock valued at $465,000 after purchasing an additional 481 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of RBC Bearings by 9.7% in the 1st quarter. M&T Bank Corp now owns 15,833 shares of the industrial products company’s stock worth $1,967,000 after acquiring an additional 1,402 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in RBC Bearings by 3.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 140,689 shares of the industrial products company’s stock worth $17,474,000 after buying an additional 5,111 shares during the period. Port Capital LLC increased its stake in RBC Bearings by 3.3% in the 1st quarter. Port Capital LLC now owns 125,959 shares of the industrial products company’s stock worth $15,644,000 after buying an additional 4,051 shares during the period. Finally, Wasatch Advisors Inc. increased its stake in RBC Bearings by 8.4% in the 1st quarter. Wasatch Advisors Inc. now owns 1,299,177 shares of the industrial products company’s stock worth $161,358,000 after buying an additional 100,505 shares during the period. 96.55% of the stock is owned by hedge funds and other institutional investors.



In related news, CEO Michael J. Hartnett sold 4,325 shares of the business’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $128.06, for a total value of $553,859.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amir Faghri sold 2,500 shares of the business’s stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $132.94, for a total transaction of $332,350.00. The disclosure for this sale can be found here. In the last three months, insiders sold 374,985 shares of company stock valued at $50,156,855. 3.10% of the stock is owned by insiders.



ROLL has been the topic of several recent analyst reports. BidaskClub raised shares of RBC Bearings from a “hold” rating to a “buy” rating in a research note on Saturday, July 21st. SunTrust Banks started coverage on shares of RBC Bearings in a research report on Wednesday, June 20th. They set a “hold” rating and a $133.00 target price on the stock. William Blair restated an “outperform” rating on shares of RBC Bearings in a report on Thursday, May 31st. Royal Bank of Canada restated a “sell” rating on shares of RBC Bearings in a report on Thursday, August 9th. Finally, Zacks Investment Research cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $142.80.



NASDAQ ROLL traded down $0.20 on Thursday, hitting $149.39. 223 shares of the company’s stock traded hands, compared to its average volume of 77,888. The company has a current ratio of 5.79, a quick ratio of 2.12 and a debt-to-equity ratio of 0.17. RBC Bearings Incorporated has a 1-year low of $106.16 and a 1-year high of $151.90. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 5.43 and a beta of 1.39.



RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Thursday, August 2nd. The industrial products company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.10. The firm had revenue of $176.00 million during the quarter, compared to analyst estimates of $174.32 million. RBC Bearings had a net margin of 13.51% and a return on equity of 12.29%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. analysts forecast that RBC Bearings Incorporated will post 4.73 EPS for the current year.