Dimensional Fund Advisors LP Sells 63,178 Shares of RBC Bearings Incorporated (NASDAQ:ROLL)

Dimensional Fund Advisors LP decreased its position in RBC Bearings Incorporated (NASDAQ:ROLLGet Rating) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 437,799 shares of the industrial products company’s stock after selling 63,178 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.52% of RBC Bearings worth $88,422,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. BOKF NA purchased a new position in RBC Bearings during the third quarter worth about $1,213,000. First Republic Investment Management Inc. boosted its stake in shares of RBC Bearings by 81.3% in the 3rd quarter. First Republic Investment Management Inc. now owns 41,405 shares of the industrial products company’s stock worth $8,786,000 after buying an additional 18,573 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of RBC Bearings by 84.2% in the 4th quarter. Advisor Group Holdings Inc. now owns 12,098 shares of the industrial products company’s stock worth $2,443,000 after buying an additional 5,529 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of RBC Bearings by 7.6% in the third quarter. Deutsche Bank AG now owns 18,613 shares of the industrial products company’s stock valued at $3,950,000 after acquiring an additional 1,317 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of RBC Bearings by 35.3% during the fourth quarter. New York State Common Retirement Fund now owns 36,872 shares of the industrial products company’s stock valued at $7,447,000 after acquiring an additional 9,616 shares during the last quarter.

NASDAQ ROLL opened at $159.65 on Friday. The firm has a market cap of $4.61 billion, a P/E ratio of 77.13 and a beta of 1.35. The company has a quick ratio of 1.39, a current ratio of 2.88 and a debt-to-equity ratio of 0.74. The company’s 50 day moving average is $183.33 and its 200-day moving average is $194.98. RBC Bearings Incorporated has a 12-month low of $153.19 and a 12-month high of $250.52.

RBC Bearings (NASDAQ:ROLLGet Rating) last issued its earnings results on Thursday, February 10th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. The business had revenue of $266.95 million for the quarter, compared to analysts’ expectations of $253.69 million. RBC Bearings had a net margin of 7.77% and a return on equity of 5.76%. The business’s revenue for the quarter was up 83.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 EPS. Equities analysts expect that RBC Bearings Incorporated will post 3.69 EPS for the current year.

In other news, VP Patrick S. Bannon sold 6,306 shares of the firm’s stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $180.07, for a total value of $1,135,521.42. Following the completion of the transaction, the vice president now directly owns 12,591 shares in the company, valued at $2,267,261.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

ROLL has been the subject of a number of recent analyst reports. Wells Fargo & Company started coverage on RBC Bearings in a research note on Friday, March 11th. They issued an “overweight” rating and a $235.00 price objective for the company. Royal Bank of Canada started coverage on shares of RBC Bearings in a report on Thursday, February 17th. They set a “buy” rating and a $218.00 price objective for the company. Bank of America began coverage on shares of RBC Bearings in a research note on Thursday, February 17th. They issued a “buy” rating on the stock. TheStreet lowered shares of RBC Bearings from a “b-” rating to a “c+” rating in a research note on Thursday, April 28th. Finally, Zacks Investment Research upgraded RBC Bearings from a “hold” rating to a “buy” rating and set a $186.00 price objective on the stock in a research note on Monday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $227.00.

RBC Bearings Company Profile (Get Rating)

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates through four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.

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Institutional Ownership by Quarter for RBC Bearings (NASDAQ:ROLL)

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