OppenheimerFunds Inc. grew its position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 321,686 shares of the industrial products company’s stock after buying an additional 11,275 shares during the quarter. OppenheimerFunds Inc. owned approximately 1.32% of RBC Bearings worth $40,661,000 as of its most recent filing with the Securities and Exchange Commission. 

A number of other institutional investors have also recently modified their holdings of ROLL. SG Americas Securities LLC bought a new stake in RBC Bearings during the third quarter worth about $189,000. Global X Management Co. LLC grew its stake in shares of RBC Bearings by 75.0% during the fourth quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 705 shares during the last quarter. Comerica Bank bought a new stake in shares of RBC Bearings during the third quarter valued at approximately $230,000. Strs Ohio grew its stake in shares of RBC Bearings by 58.3% during the third 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 bought a new stake in shares of RBC Bearings during the third quarter valued at approximately $238,000. 99.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of RBC Bearings Incorporated (NASDAQ ROLL) traded up $2.78 during mid-day trading on Wednesday, reaching $123.54. 67,689 shares of the company’s stock were exchanged, compared to its average volume of 88,952. RBC Bearings Incorporated has a 1 year low of $88.70 and a 1 year high of $139.95. The company has a market capitalization of $2,930.00, a PE ratio of 35.31, a PEG ratio of 5.21 and a beta of 1.28. 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 data on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share (EPS) 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 firm had revenue of $166.86 million for the quarter, compared to analysts’ expectations of $163.46 million. During the same period last year, the firm earned $0.73 earnings per share. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. analysts forecast that RBC Bearings Incorporated will post 3.91 EPS for the current year. 

Several research firms have recently commented on ROLL. BidaskClub cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Drexel Hamilton began coverage on shares of RBC Bearings in a research note on Thursday, December 21st. They set a “buy” rating and a $140.00 price target on the stock. Zacks Investment Research raised shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a research note on Monday, January 8th. ValuEngine cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Bank of America increased their price target on shares of RBC Bearings from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. 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 company’s stock. RBC Bearings currently has an average rating of “Buy” and a consensus price target of $141.00.

In other RBC Bearings news, CFO Daniel A. Bergeron sold 20,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.03, for a total value of $2,480,600.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael J. Hartnett sold 500 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $128.00, for a total transaction of $64,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,587 shares of company stock worth $3,391,938. Insiders own 3.70% of the company’s stock.