Harbour Investment Management LLC acquired a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,875 shares of the industrial products company’s stock, valued at approximately $2,386,000. RBC Bearings comprises 1.7% of Harbour Investment Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Harbour Investment Management LLC owned about 0.08% of RBC Bearings as of its most recent filing with the Securities and Exchange Commission. 

A number of other large investors have also recently made changes to their positions in ROLL. Prudential Financial Inc. raised its holdings in RBC Bearings by 4.9% during the 2nd quarter. Prudential Financial Inc. now owns 2,638 shares of the industrial products company’s stock worth $268,000 after purchasing an additional 124 shares during the last quarter. Principal Financial Group Inc. raised its holdings in RBC Bearings by 15.8% during the 2nd quarter. Principal Financial Group Inc. now owns 10,727 shares of the industrial products company’s stock worth $1,092,000 after purchasing an additional 1,463 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in RBC Bearings by 1.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 62,401 shares of the industrial products company’s stock worth $6,350,000 after purchasing an additional 1,080 shares during the last quarter. BlackRock Inc. raised its holdings in RBC Bearings by 2.8% during the 2nd quarter. BlackRock Inc. now owns 1,844,217 shares of the industrial products company’s stock worth $187,666,000 after purchasing an additional 49,694 shares during the last quarter. Finally, Amalgamated Bank increased its stake in shares of RBC Bearings by 6.7% in the 2nd quarter. Amalgamated Bank now owns 2,965 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 185 shares during the last quarter. 98.98% of the stock is owned by hedge funds and other institutional investors. 

In related news, insider Michael J. Hartnett sold 500 shares of the stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $128.00, for a total transaction of $64,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Hartnett sold 1,687 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $128.28, for a total value of $216,408.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,487 shares of company stock valued at $4,632,657. 3.70% of the stock is currently owned by company insiders. 


Shares of RBC Bearings Incorporated (NASDAQ:ROLL) opened at $122.62 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.68 and a quick ratio of 1.64. The company has a market capitalization of $2,972.95, a PE ratio of 41.57, a PEG ratio of 5.59 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. 

A number of analysts have recently commented on ROLL shares. Zacks Investment Research cut RBC Bearings from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. CL King started coverage on RBC Bearings in a research note on Wednesday, November 29th. They issued a “buy” rating and a $142.00 price target for the company. BidaskClub cut RBC Bearings from a “hold” rating to a “sell” rating in a research note on Saturday. Bank of America upped their price target on RBC Bearings from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, ValuEngine cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. RBC Bearings presently has an average rating of “Buy” and an average target price of $141.00.