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RBC Bearings Incorporated (ROLL) Shares Bought by Janus Henderson Group PLC


Janus Henderson Group PLC raised its holdings in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 373,958 shares of the industrial products company’s stock after purchasing an additional 3,723 shares during the quarter. Janus Henderson Group PLC owned 1.51% of RBC Bearings worth $47,556,000 as of its most recent SEC filing.






Other hedge funds have also made changes to their positions in the company. IFP Advisors Inc boosted its holdings in shares of RBC Bearings by 66.7% in the 4th quarter. IFP Advisors Inc now owns 195 shares of the industrial products company’s stock worth $26,000 after buying an additional 78 shares during the last quarter. Berman Capital Advisors LLC purchased a new stake in RBC Bearings during the fourth quarter valued at about $33,000. Ellis Investment Partners LLC purchased a new stake in RBC Bearings during the first quarter valued at about $62,000. Quadrant Capital Group LLC lifted its holdings in RBC Bearings by 180.7% during the first quarter. Quadrant Capital Group LLC now owns 553 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 356 shares during the last quarter. Finally, Advisory Services Network LLC lifted its holdings in RBC Bearings by 39.7% during the fourth quarter. Advisory Services Network LLC now owns 577 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 164 shares during the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.







In related news, Director Amir Faghri sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $127.35, for a total value of $318,375.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by corporate insiders.







Shares of ROLL traded down $0.57 during midday trading on Friday, hitting $142.30. 93,492 shares of the company traded hands, compared to its average volume of 94,729. RBC Bearings Incorporated has a one year low of $114.03 and a one year high of $169.84. The stock has a market cap of $3.54 billion, a PE ratio of 29.40, a P/E/G ratio of 4.58 and a beta of 1.35. The company has a quick ratio of 1.87, a current ratio of 5.58 and a debt-to-equity ratio of 0.04.







RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings results on Thursday, May 23rd. The industrial products company reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.11. The firm had revenue of $182.20 million for the quarter, compared to analysts’ expectations of $180.76 million. RBC Bearings had a return on equity of 13.01% and a net margin of 14.97%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share. Analysts expect that RBC Bearings Incorporated will post 5.31 earnings per share for the current fiscal year.







Several equities research analysts have commented on ROLL shares. BidaskClub downgraded shares of RBC Bearings from a “sell” rating to a “strong sell” rating in a report on Saturday, March 30th. ValuEngine upgraded RBC Bearings from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Zacks Investment Research upgraded RBC Bearings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. SunTrust Banks upped their price target on RBC Bearings to $137.00 and gave the company a “hold” rating in a research report on Friday, May 24th. Finally, William Blair reiterated an “outperform” rating on shares of RBC Bearings in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target 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.





2019-06-03