Snyder Capital Management L P decreased its holdings in RBC Bearings Incorporated (NASDAQ:ROLL) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 589,010 shares of the industrial products company’s stock after selling 70,066 shares during the quarter. RBC Bearings accounts for about 3.7% of Snyder Capital Management L P’s investment portfolio, making the stock its 7th largest position. Snyder Capital Management L P owned approximately 2.42% of RBC Bearings worth $74,451,000 as of its most recent filing with the SEC. 

A number of other institutional investors have also bought and sold shares of ROLL. SG Americas Securities LLC acquired a new stake in shares of RBC Bearings during the 3rd quarter valued at $189,000. Global X Management Co. LLC boosted its stake in shares of RBC Bearings by 75.0% during the 4th quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company’s stock valued at $208,000 after buying an additional 705 shares during the period. Comerica Bank acquired a new stake in shares of RBC Bearings in the 3rd quarter valued at $230,000. Strs Ohio lifted its stake in shares of RBC Bearings by 58.3% in the 3rd quarter. Strs Ohio now owns 1,900 shares of the industrial products company’s stock valued at $237,000 after purchasing an additional 700 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new stake in shares of RBC Bearings in the 3rd quarter valued at $238,000. Hedge funds and other institutional investors own 99.08% of the company’s stock. 

RBC Bearings Incorporated (NASDAQ:ROLL) traded down $0.04 during trading hours on Thursday, reaching $123.50. 24,785 shares of the company’s stock were exchanged, compared to its average volume of 87,466. The firm has a market capitalization of $2,933.20, a price-to-earnings ratio of 32.73, a PEG ratio of 5.26 and a beta of 1.29. RBC Bearings Incorporated has a 52-week low of $88.70 and a 52-week high of $139.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.65 and a current ratio of 4.65. 


RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.19. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. The firm had revenue of $166.86 million for the quarter, compared to analyst estimates of $163.46 million. During the same period in the previous year, the business earned $0.73 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. analysts expect that RBC Bearings Incorporated will post 3.91 earnings per share for the current fiscal year. 

Several equities research analysts recently issued reports on the stock. BidaskClub lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Drexel Hamilton initiated coverage on shares of RBC Bearings in a report on Thursday, December 21st. They issued a “buy” rating and a $140.00 target price on the stock. Zacks Investment Research upgraded shares of 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. ValuEngine downgraded shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Bank of America boosted their price objective on shares of RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $141.00.

In related news, CEO Michael J. Hartnett sold 500 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $128.00, for a total transaction of $64,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan B. Levine sold 4,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $115.70, for a total transaction of $566,930.00. The disclosure for this sale can be found here. Insiders have sold 25,900 shares of company stock worth $3,175,530 over the last quarter. 3.70% of the stock is owned by company insiders.