RBC Bearings Incorporated (ROLL) Position Increased by Brinker Capital Inc.

Brinker Capital Inc. boosted its position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 20.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 14,043 shares of the industrial products company’s stock after purchasing an additional 2,386 shares during the quarter. Brinker Capital Inc.’s holdings in RBC Bearings were worth $1,841,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. grew its position in RBC Bearings by 2.7% during the 4th quarter. BlackRock Inc. now owns 2,290,937 shares of the industrial products company’s stock valued at $300,340,000 after purchasing an additional 60,064 shares during the last quarter. Vanguard Group Inc. grew its position in RBC Bearings by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,060,917 shares of the industrial products company’s stock valued at $309,879,000 after purchasing an additional 54,369 shares during the last quarter. Vanguard Group Inc grew its position in RBC Bearings by 2.7% during the 3rd quarter. Vanguard Group Inc now owns 2,060,917 shares of the industrial products company’s stock valued at $309,879,000 after purchasing an additional 54,369 shares during the last quarter. JPMorgan Chase & Co. grew its position in RBC Bearings by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,162,644 shares of the industrial products company’s stock valued at $174,816,000 after purchasing an additional 21,363 shares during the last quarter. Finally, Congress Asset Management Co. MA grew its position in RBC Bearings by 1,622.9% during the 4th quarter. Congress Asset Management Co. MA now owns 577,848 shares of the industrial products company’s stock valued at $75,756,000 after purchasing an additional 544,308 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors.

Shares of NASDAQ ROLL opened at $132.75 on Wednesday. The company has a current ratio of 6.44, a quick ratio of 2.50 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.26 billion, a PE ratio of 34.30, a P/E/G ratio of 4.75 and a beta of 1.36. RBC Bearings Incorporated has a 52-week low of $111.61 and a 52-week high of $169.84.

RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings results on Tuesday, February 5th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. The firm had revenue of $171.45 million for the quarter, compared to the consensus estimate of $175.96 million. RBC Bearings had a net margin of 14.34% and a return on equity of 12.77%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 EPS. On average, equities research analysts forecast that RBC Bearings Incorporated will post 4.72 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on ROLL shares. ValuEngine downgraded shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Thursday, December 6th. Zacks Investment Research downgraded shares of RBC Bearings from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Seaport Global Securities reaffirmed a “neutral” rating on shares of RBC Bearings in a report on Monday, January 14th. Finally, BidaskClub downgraded shares of RBC Bearings from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. RBC Bearings has a consensus rating of “Hold” and an average target price of $160.00.

In other news, CFO Daniel A. Bergeron sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $132.42, for a total transaction of $2,648,400.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.10% of the company’s stock.

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RBC Bearings Profile

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.

Further Reading: Certificate of Deposit (CD)

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

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