RBC Bearings Incorporated (NYSE:RBC) Shares Purchased by Royce & Associates LP

Royce & Associates LP boosted its position in RBC Bearings Incorporated (NYSE:RBC) by 0.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 154,104 shares of the industrial products company’s stock after acquiring an additional 991 shares during the period. Royce & Associates LP’s holdings in RBC Bearings were worth $46,136,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in RBC Bearings by 416.7% during the 3rd quarter. UMB Bank n.a. now owns 93 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 75 shares during the period. DT Investment Partners LLC acquired a new stake in shares of RBC Bearings in the 2nd quarter valued at about $35,000. Opal Wealth Advisors LLC acquired a new stake in shares of RBC Bearings in the 2nd quarter valued at about $41,000. Canada Pension Plan Investment Board acquired a new stake in shares of RBC Bearings in the 2nd quarter valued at about $54,000. Finally, Blue Trust Inc. raised its stake in shares of RBC Bearings by 541.9% in the 3rd quarter. Blue Trust Inc. now owns 276 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 233 shares in the last quarter.

RBC Bearings Price Performance

RBC opened at $313.33 on Friday. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 45.74, a price-to-earnings-growth ratio of 3.61 and a beta of 1.51. RBC Bearings Incorporated has a fifty-two week low of $238.21 and a fifty-two week high of $328.39. The company’s 50-day moving average price is $293.05 and its 200 day moving average price is $285.17. The company has a quick ratio of 1.28, a current ratio of 3.48 and a debt-to-equity ratio of 0.38.

RBC Bearings (NYSE:RBC) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.29 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.01). RBC Bearings had a return on equity of 9.88% and a net margin of 14.06%. The firm had revenue of $397.90 million during the quarter, compared to the consensus estimate of $403.89 million. During the same quarter last year, the company posted $2.07 EPS. RBC Bearings’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, sell-side analysts expect that RBC Bearings Incorporated will post 8.94 earnings per share for the current year.

Insider Activity at RBC Bearings

In other RBC Bearings news, VP Richard J. Edwards sold 4,200 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $292.67, for a total value of $1,229,214.00. Following the completion of the sale, the vice president now directly owns 12,539 shares of the company’s stock, valued at approximately $3,669,789.13. This represents a 25.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael J. Hartnett sold 503 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $289.00, for a total transaction of $145,367.00. Following the completion of the sale, the chief executive officer now owns 322,588 shares in the company, valued at $93,227,932. The trade was a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,327 shares of company stock worth $11,068,921 over the last quarter. 2.60% of the stock is currently owned by company insiders.

RBC Bearings Profile

RBC Bearings Incorporated manufactures and markets engineered precision bearings, components, and systems in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.