Suntrust Banks Inc. grew its holdings in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,963 shares of the industrial products company’s stock after purchasing an additional 787 shares during the quarter. Suntrust Banks Inc. owned about 0.11% of RBC Bearings worth $3,407,000 at the end of the most recent reporting period. 

A number of other large investors have also modified their holdings of ROLL. Wasatch Advisors Inc. lifted its holdings in shares of RBC Bearings by 20.4% in the fourth quarter. Wasatch Advisors Inc. now owns 1,198,672 shares of the industrial products company’s stock worth $151,512,000 after buying an additional 203,366 shares in the last quarter. BlackRock Inc. raised its stake in RBC Bearings by 3.8% in the fourth quarter. BlackRock Inc. now owns 2,066,687 shares of the industrial products company’s stock valued at $261,229,000 after purchasing an additional 76,161 shares in the last quarter. Port Capital LLC purchased a new stake in RBC Bearings in the fourth quarter valued at approximately $9,544,000. Bradley Foster & Sargent Inc. CT raised its stake in RBC Bearings by 48.5% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 183,242 shares of the industrial products company’s stock valued at $22,933,000 after purchasing an additional 59,857 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in RBC Bearings by 1.3% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,287,621 shares of the industrial products company’s stock valued at $286,296,000 after purchasing an additional 29,134 shares in the last quarter. Hedge funds and other institutional investors own 99.08% of the company’s stock. 

In other news, CEO Michael J. Hartnett sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $128.79, for a total transaction of $450,765.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael J. Hartnett sold 500 shares of the company’s stock in a transaction that occurred on Friday, 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 31,087 shares of company stock valued at $3,842,703. 3.70% of the stock is currently owned by corporate insiders. 

ROLL has been the topic of several research reports. Bank of America lifted their price target on shares of RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. 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 $144.00 target price on the stock in a report on Tuesday, January 23rd. BidaskClub cut shares of RBC Bearings from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Finally, ValuEngine cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $141.00.

RBC Bearings Incorporated (NASDAQ ROLL) opened at $119.63 on Tuesday. 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 current ratio of 4.65 and a quick ratio of 1.65. The firm has a market capitalization of $2,886.32, a PE ratio of 32.20, a price-to-earnings-growth ratio of 5.18 and a beta of 1.29. 

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