RBC Bearings Incorporated (NASDAQ:ROLL) Shares Purchased by GW&K Investment Management LLC

GW&K Investment Management LLC boosted its position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 13.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 627,106 shares of the industrial products company’s stock after purchasing an additional 75,362 shares during the quarter. RBC Bearings accounts for about 1.5% of GW&K Investment Management LLC’s investment portfolio, making the stock its biggest holding. GW&K Investment Management LLC’s holdings in RBC Bearings were worth $104,044,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. SG Americas Securities LLC grew its holdings in RBC Bearings by 417.1% during the third quarter. SG Americas Securities LLC now owns 5,419 shares of the industrial products company’s stock valued at $899,000 after purchasing an additional 4,371 shares during the period. First Trust Advisors LP lifted its stake in RBC Bearings by 120.8% in the third quarter. First Trust Advisors LP now owns 35,938 shares of the industrial products company’s stock valued at $5,962,000 after buying an additional 19,661 shares in the last quarter. Keybank National Association OH lifted its stake in RBC Bearings by 31.3% in the third quarter. Keybank National Association OH now owns 4,023 shares of the industrial products company’s stock valued at $667,000 after buying an additional 958 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in RBC Bearings by 2.7% in the third quarter. Russell Investments Group Ltd. now owns 10,045 shares of the industrial products company’s stock valued at $1,666,000 after buying an additional 264 shares in the last quarter. Finally, BB&T Corp lifted its stake in RBC Bearings by 18.8% in the third quarter. BB&T Corp now owns 5,174 shares of the industrial products company’s stock valued at $858,000 after buying an additional 819 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

ROLL traded down $0.13 during trading on Friday, reaching $167.31. The company had a trading volume of 55,900 shares, compared to its average volume of 102,855. RBC Bearings Incorporated has a 12 month low of $123.50 and a 12 month high of $171.54. The company has a market cap of $4.09 billion, a P/E ratio of 34.57, a PEG ratio of 5.31 and a beta of 1.19. The business’s fifty day moving average price is $161.81 and its 200 day moving average price is $155.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.14 and a quick ratio of 1.72.

RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.08. RBC Bearings had a net margin of 15.23% and a return on equity of 12.61%. The firm had revenue of $181.91 million for the quarter, compared to the consensus estimate of $180.93 million. During the same period in the previous year, the company earned $1.22 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts predict that RBC Bearings Incorporated will post 5.24 EPS for the current fiscal year.

In other RBC Bearings news, VP Richard J. Edwards sold 16,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $158.08, for a total value of $2,529,280.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Daniel A. Bergeron sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $157.74, for a total transaction of $3,154,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,056 shares of company stock worth $13,833,677. Corporate insiders own 3.50% of the company’s stock.

A number of research analysts have weighed in on ROLL shares. BidaskClub lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. ValuEngine raised shares of RBC Bearings from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $161.33.

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.

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

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