Gotham Asset Management LLC acquired a new stake in RBC Bearings Incorporated (NASDAQ:ROLL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,958 shares of the industrial products company’s stock, valued at approximately $374,000. 

Other institutional investors have also bought and sold shares of the company. M&T Bank Corp grew its stake in shares of RBC Bearings by 3.7% during the fourth quarter. M&T Bank Corp now owns 14,431 shares of the industrial products company’s stock worth $1,824,000 after buying an additional 521 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of RBC Bearings by 6.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 10,082 shares of the industrial products company’s stock worth $1,262,000 after purchasing an additional 622 shares during the last quarter. BB&T Securities LLC grew its stake in shares of RBC Bearings by 6.0% in the third quarter. BB&T Securities LLC now owns 10,943 shares of the industrial products company’s stock worth $1,369,000 after purchasing an additional 624 shares during the last quarter. Rhumbline Advisers lifted its holdings in RBC Bearings by 2.3% in the third quarter. Rhumbline Advisers now owns 31,199 shares of the industrial products company’s stock valued at $3,905,000 after buying an additional 694 shares during the period. Finally, Global X Management Co. LLC lifted its holdings in RBC Bearings by 75.0% in 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 buying an additional 705 shares during the period. Institutional investors and hedge funds own 99.47% of the company’s stock. 

NASDAQ ROLL opened at $122.44 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.65 and a current ratio of 4.65. The company has a market capitalization of $2,965.50, a price-to-earnings ratio of 33.09, a PEG ratio of 4.44 and a beta of 1.26. RBC Bearings Incorporated has a 1 year low of $91.00 and a 1 year high of $139.95.
RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 quarter last year, the company posted $0.73 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. research analysts forecast that RBC Bearings Incorporated will post 3.91 EPS for the current fiscal year. 

Several brokerages have recently weighed in on ROLL. Zacks Investment Research lowered shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th. BidaskClub raised shares of RBC Bearings from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Finally, Drexel Hamilton began coverage on shares of RBC Bearings in a research report on Thursday, December 21st. They issued a “buy” rating and a $140.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $141.00.

In related news, insider Michael J. Hartnett sold 3,300 shares of RBC Bearings stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $128.00, for a total transaction of $422,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan B. Levine sold 4,900 shares of RBC Bearings stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $115.70, for a total transaction of $566,930.00. The disclosure for this sale can be found here. In the last three months, insiders sold 92,989 shares of company stock worth $11,736,880. Insiders own 3.70% of the company’s stock.