California Public Employees Retirement System reduced its stake in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 3.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,035 shares of the industrial products company’s stock after selling 1,857 shares during the quarter. California Public Employees Retirement System owned about 0.23% of RBC Bearings worth $6,835,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ROLL. Global X Management Co. LLC boosted its holdings in 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 worth $208,000 after buying an additional 705 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in RBC Bearings by 58.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,857 shares of the industrial products company’s stock worth $231,000 after acquiring an additional 687 shares during the last quarter. Guggenheim Capital LLC acquired a new position in shares of RBC Bearings in the fourth quarter valued at approximately $276,000. SG Americas Securities LLC raised its position in shares of RBC Bearings by 56.4% in the fourth quarter. SG Americas Securities LLC now owns 2,368 shares of the industrial products company’s stock valued at $299,000 after buying an additional 854 shares during the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new position in RBC Bearings during the fourth quarter worth approximately $312,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Several equities analysts recently commented on the stock. SunTrust Banks started coverage on shares of RBC Bearings in a research report on Wednesday, June 20th. They set a “hold” rating and a $133.00 price target for the company. William Blair restated an “outperform” rating on shares of RBC Bearings in a research note on Thursday, May 31st. BidaskClub upgraded shares of RBC Bearings from a “sell” rating to a “hold” rating in a research note on Saturday, May 26th. Finally, Zacks Investment Research cut shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $139.40.

In related news, Director Richard R. Crowell sold 2,100 shares of RBC Bearings stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $129.71, for a total value of $272,391.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael J. Hartnett sold 8,000 shares of RBC Bearings stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $132.02, for a total value of $1,056,160.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 186,882 shares of company stock worth $24,153,962. Insiders own 3.70% of the company’s stock.

RBC Bearings opened at $128.81 on Friday, Marketbeat reports. RBC Bearings Incorporated has a twelve month low of $100.23 and a twelve month high of $139.95. The stock has a market cap of $3.22 billion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 4.84 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.60 and a quick ratio of 1.69.

RBC Bearings (NASDAQ:ROLL) last announced its earnings results on Wednesday, May 30th. The industrial products company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.05). The firm had revenue of $179.90 million during the quarter, compared to analyst estimates of $175.57 million. RBC Bearings had a return on equity of 11.96% and a net margin of 12.91%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 earnings per share. equities research analysts expect that RBC Bearings Incorporated will post 4.65 earnings per share for the current year.