Standard Life Aberdeen plc reduced its position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 29.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 283,078 shares of the industrial products company’s stock after selling 116,586 shares during the period. Standard Life Aberdeen plc owned 1.17% of RBC Bearings worth $35,781,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors Inc. increased its position in RBC Bearings by 15.9% during the third quarter. Wasatch Advisors Inc. now owns 995,306 shares of the industrial products company’s stock worth $124,563,000 after purchasing an additional 136,604 shares during the last quarter. Great West Life Assurance Co. Can increased its position in RBC Bearings by 44.7% during the third quarter. Great West Life Assurance Co. Can now owns 3,002 shares of the industrial products company’s stock worth $373,000 after purchasing an additional 928 shares during the last quarter. Davis R M Inc. increased its position 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 purchasing an additional 19,619 shares during the last quarter. Royce & Associates LP increased its position in RBC Bearings by 0.9% during the third quarter. Royce & Associates LP now owns 489,177 shares of the industrial products company’s stock worth $61,221,000 after purchasing an additional 4,200 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in RBC Bearings during the third quarter worth about $1,637,000. Hedge funds and other institutional investors own 98.00% of the company’s stock.

Shares of RBC Bearings Incorporated (NASDAQ ROLL) traded up $0.58 on Friday, hitting $118.83. 87,475 shares of the company’s stock were exchanged, compared to its average volume of 84,453. RBC Bearings Incorporated has a 1-year low of $88.70 and a 1-year high of $139.95. The firm has a market capitalization of $2,886.26, a PE ratio of 35.16, a PEG ratio of 5.18 and a beta of 1.29. The company has a current ratio of 4.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.23.

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

Several research firms recently issued reports on ROLL. BidaskClub cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Drexel Hamilton began coverage on shares of RBC Bearings in a research report on Thursday, December 21st. They set a “buy” rating and a $140.00 price objective for the company. Zacks Investment Research upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a research report on Monday, January 8th. ValuEngine cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Bank of America lifted their price target on shares of RBC Bearings from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $141.00.

In related news, Director Alan B. Levine sold 4,900 shares of RBC Bearings stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $115.70, for a total value of $566,930.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel A. Bergeron sold 20,000 shares of RBC Bearings stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $124.03, for a total transaction of $2,480,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,387 shares of company stock valued at $4,653,387. Company insiders own 3.70% of the company’s stock.