RBC Bearings Incorporated (ROLL) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 28.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,340 shares of the industrial products company’s stock after selling 7,933 shares during the period. Janney Montgomery Scott LLC’s holdings in RBC Bearings were worth $2,667,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of ROLL. BlackRock Inc. raised its position in RBC Bearings by 1.3% in the 3rd quarter. BlackRock Inc. now owns 2,230,873 shares of the industrial products company’s stock valued at $335,434,000 after buying an additional 27,831 shares during the last quarter. Vanguard Group Inc raised its position in RBC Bearings by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 2,060,917 shares of the industrial products company’s stock valued at $309,879,000 after buying an additional 54,369 shares during the last quarter. Vanguard Group Inc. raised its position in RBC Bearings by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,060,917 shares of the industrial products company’s stock valued at $309,879,000 after buying an additional 54,369 shares during the last quarter. Wasatch Advisors Inc. raised its position in RBC Bearings by 2.0% in the 3rd quarter. Wasatch Advisors Inc. now owns 1,518,768 shares of the industrial products company’s stock valued at $228,362,000 after buying an additional 29,730 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in RBC Bearings by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,162,644 shares of the industrial products company’s stock valued at $174,816,000 after buying an additional 21,363 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

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ROLL stock opened at $132.88 on Thursday. The company has a quick ratio of 2.50, a current ratio of 6.44 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3.22 billion, a PE ratio of 34.34, a PEG ratio of 4.68 and a beta of 1.33. RBC Bearings Incorporated has a fifty-two week low of $111.61 and a fifty-two week high of $169.84.

RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings results on Tuesday, February 5th. The industrial products company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.01. The company had revenue of $171.45 million during the quarter, compared to the consensus estimate of $175.96 million. RBC Bearings had a return on equity of 12.77% and a net margin of 14.34%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 EPS. On average, equities analysts forecast that RBC Bearings Incorporated will post 4.72 EPS for the current year.

A number of equities research analysts recently commented on the company. Zacks Investment Research raised RBC Bearings from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Bank of America lowered RBC Bearings from a “buy” rating to a “neutral” rating and set a $165.00 price target for the company. in a research report on Wednesday, November 14th. They noted that the move was a valuation call. BidaskClub raised RBC Bearings from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. ValuEngine raised RBC Bearings from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Finally, Seaport Global Securities restated a “neutral” rating on shares of RBC Bearings in a research note on Monday, January 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $160.00.

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RBC Bearings Company Profile

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates in 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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