Bbva Compass Bancshares Inc. decreased its position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 18.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,043 shares of the industrial products company’s stock after selling 2,984 shares during the quarter. Bbva Compass Bancshares Inc. owned about 0.05% of RBC Bearings worth $1,659,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake 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 worth $300,340,000 after acquiring an additional 60,064 shares during the last quarter. Vanguard Group Inc. lifted its stake in RBC Bearings by 2.7% in the third quarter. Vanguard Group Inc. now owns 2,060,917 shares of the industrial products company’s stock valued at $309,879,000 after buying an additional 54,369 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in RBC Bearings by 1.9% in the third quarter. JPMorgan Chase & Co. now owns 1,162,644 shares of the industrial products company’s stock valued at $174,816,000 after buying an additional 21,363 shares in the last quarter. Congress Asset Management Co. MA lifted its stake in RBC Bearings by 1,622.9% in the fourth quarter. Congress Asset Management Co. MA now owns 577,848 shares of the industrial products company’s stock valued at $75,756,000 after buying an additional 544,308 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in RBC Bearings by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 570,808 shares of the industrial products company’s stock valued at $74,833,000 after buying an additional 11,258 shares in the last quarter. 99.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of ROLL opened at $137.42 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.50 and a current ratio of 6.44. RBC Bearings Incorporated has a twelve month low of $114.03 and a twelve month high of $169.84. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 4.50 and a beta of 1.35.
In other news, Director Amir Faghri sold 2,500 shares of RBC Bearings 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 filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel A. Bergeron sold 20,000 shares of RBC Bearings stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $132.42, for a total transaction of $2,648,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,000 shares of company stock worth $3,282,250. Insiders own 3.10% of the company’s stock.
A number of research analysts have weighed in on ROLL shares. Seaport Global Securities reaffirmed a “neutral” rating on shares of RBC Bearings in a research note on Monday, January 14th. Zacks Investment Research raised shares of RBC Bearings from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. BidaskClub lowered shares of RBC Bearings from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. Finally, ValuEngine lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. One investment 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. The company currently has an average rating of “Hold” and a consensus price target of $160.00.
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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.
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