Stifel Financial Corp lifted its holdings in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,785 shares of the industrial products company’s stock after purchasing an additional 1,965 shares during the quarter. Stifel Financial Corp owned approximately 0.23% of RBC Bearings worth $5,571,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Voya Investment Management LLC increased its stake in shares of RBC Bearings by 5.8% during the 2nd quarter. Voya Investment Management LLC now owns 11,147 shares of the industrial products company’s stock worth $1,134,000 after purchasing an additional 616 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of RBC Bearings during the 2nd quarter worth $272,000. Advisor Group Inc. increased its stake in shares of RBC Bearings by 66.5% during the 2nd quarter. Advisor Group Inc. now owns 2,826 shares of the industrial products company’s stock worth $288,000 after purchasing an additional 1,129 shares during the last quarter. Suntrust Banks Inc. increased its stake in shares of RBC Bearings by 16.4% during the 2nd quarter. Suntrust Banks Inc. now owns 5,473 shares of the industrial products company’s stock worth $555,000 after purchasing an additional 770 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of RBC Bearings by 4.9% during the 2nd quarter. California Public Employees Retirement System now owns 53,500 shares of the industrial products company’s stock worth $5,444,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors own 99.87% of the company’s stock.
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ROLL has been the topic of several analyst reports. Zacks Investment Research lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. BidaskClub lowered shares of RBC Bearings from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.
Shares of RBC Bearings Incorporated (NASDAQ:ROLL) opened at 125.58 on Friday. The company’s 50 day moving average is $115.38 and its 200 day moving average is $104.37. The company has a market capitalization of $2.99 billion, a P/E ratio of 40.35 and a beta of 1.32. RBC Bearings Incorporated has a 12-month low of $67.99 and a 12-month high of $135.54.
RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.09. RBC Bearings had a net margin of 11.91% and a return on equity of 11.25%. The company had revenue of $163.90 million for the quarter, compared to the consensus estimate of $160.42 million. During the same period last year, the company earned $0.77 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. Analysts expect that RBC Bearings Incorporated will post $3.66 earnings per share for the current fiscal year.
About RBC Bearings
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.
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