Port Capital LLC bought a new stake in RBC Bearings Incorporated (NASDAQ:ROLL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 75,503 shares of the industrial products company’s stock, valued at approximately $9,544,000. RBC Bearings accounts for approximately 4.3% of Port Capital LLC’s investment portfolio, making the stock its 6th largest holding. Port Capital LLC owned approximately 0.31% of RBC Bearings at the end of the most recent reporting period. 

Several other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in shares of RBC Bearings by 56.4% in the fourth quarter. SG Americas Securities LLC now owns 2,368 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 854 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of RBC Bearings by 2.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 135,578 shares of the industrial products company’s stock valued at $17,138,000 after purchasing an additional 3,860 shares during the period. Wasatch Advisors Inc. grew its holdings in RBC Bearings by 20.4% during the fourth quarter. Wasatch Advisors Inc. now owns 1,198,672 shares of the industrial products company’s stock worth $151,512,000 after acquiring an additional 203,366 shares during the period. Davis R M Inc. grew its holdings in RBC Bearings by 46.8% during the fourth quarter. Davis R M Inc. now owns 61,549 shares of the industrial products company’s stock worth $7,780,000 after acquiring an additional 19,619 shares during the period. Finally, Confluence Investment Management LLC grew its holdings in RBC Bearings by 3.3% during the fourth quarter. Confluence Investment Management LLC now owns 24,531 shares of the industrial products company’s stock worth $3,101,000 after acquiring an additional 774 shares during the period. 98.64% of the stock is currently owned by institutional investors and hedge funds. 

RBC Bearings Incorporated (NASDAQ:ROLL) traded up $0.56 on Thursday, reaching $126.56. The company’s stock had a trading volume of 78,964 shares, compared to its average volume of 89,812. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 4.68. The stock has a market capitalization of $3,098.78, a P/E ratio of 37.93, a price-to-earnings-growth ratio of 5.83 and a beta of 1.35. RBC Bearings Incorporated has a one year low of $88.70 and a one year high of $139.95. 

RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Friday, November 3rd. The industrial products company reported $0.83 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.02). The firm had revenue of $164.30 million for the quarter, compared to analysts’ expectations of $164.56 million. RBC Bearings had a return on equity of 11.10% and a net margin of 11.18%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 earnings per share. equities analysts anticipate that RBC Bearings Incorporated will post 3.74 EPS for the current fiscal year. 

In other RBC Bearings news, insider Michael J. Hartnett sold 1,687 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $128.28, for a total transaction of $216,408.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael J. Hartnett sold 500 shares of the business’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $128.00, for a total value of $64,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,487 shares of company stock worth $4,632,657. 3.70% of the stock is owned by company insiders. 

ROLL has been the topic of a number of recent analyst reports. CL King initiated coverage on RBC Bearings in a report on Wednesday, November 29th. They set a “buy” rating and a $142.00 price objective on the stock. Bank of America upped their price objective on RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. BidaskClub lowered RBC Bearings from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Zacks Investment Research raised RBC Bearings from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a report on Monday, January 8th. Finally, Drexel Hamilton initiated coverage on RBC Bearings in a report on Thursday, December 21st. They set a “buy” rating and a $140.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $141.50.