Value Holdings continued to hold its position in RBC Bearings Incorporated (NASDAQ:ROLL) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,659 shares of the company’s stock at the end of the fourth quarter. RBC Bearings accounts for approximately 0.4% of Value Holdings’ investment portfolio, making the stock its 27th largest position. Value Holdings’ holdings in RBC Bearings were worth $559,000 as of its most recent SEC filing.
Separately, Eagle Asset Management raised its position in shares of RBC Bearings by 180.3% in the third quarter. Eagle Asset Management now owns 62,024 shares of the company’s stock valued at $3,704,000 after buying an additional 39,900 shares in the last quarter.
Shares of RBC Bearings Incorporated (NASDAQ:ROLL) traded up 1.54% during midday trading on Monday, hitting $60.56. The stock had a trading volume of 124,481 shares. RBC Bearings Incorporated has a 52 week low of $57.33 and a 52 week high of $77.86. The firm has a market cap of $1.41 billion and a P/E ratio of 24.92. The company’s 50 day moving average is $66.54 and its 200 day moving average is $65.97.
RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.04. During the same period last year, the business posted $0.70 EPS. The firm earned $148.70 million during the quarter, compared to analyst estimates of $154.23 million. The company’s revenue was up 32.1% on a year-over-year basis. On average, equities analysts predict that RBC Bearings Incorporated will post $3.19 earnings per share for the current fiscal year.
A number of research firms have weighed in on ROLL. Zacks Investment Research raised RBC Bearings from a “sell” rating to a “hold” rating in a research report on Friday, November 20th. Avondale Partners reaffirmed a “market outperform” rating on shares of RBC Bearings in a research report on Thursday, October 29th. Seaport Global Securities downgraded RBC Bearings from a “buy” rating to an “accumulate” rating and set a $69.00 price target for the company. in a research report on Friday, November 6th. Global Hunter Securities downgraded RBC Bearings to a “buy” rating in a research report on Sunday, November 8th. Finally, TheStreet downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, September 18th. Three research analysts have rated the stock with a hold rating and three 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 $71.75.
In other news, CFO Daniel A. Bergeron sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 19th. The stock was sold at an average price of $67.71, for a total value of $1,354,200.00. Following the completion of the transaction, the chief financial officer now directly owns 28,770 shares in the company, valued at approximately $1,948,016.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard J. Edwards sold 24,000 shares of the company’s stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $70.29, for a total value of $1,686,960.00. Following the completion of the transaction, the vice president now owns 19,597 shares of the company’s stock, valued at $1,377,473.13. The disclosure for this sale can be found here.
RBC Bearings, is an international manufacturer and marketer of engineered precision plain, roller and ball bearings. The Company focuses on technical or regulated bearing products for specialized markets, which require design, testing and manufacturing capabilities. The Company operates in four product segments: Plain Bearings; Roller Bearings; Ball Bearings; and Other. As of March 31, 2014, the Company had 29 facilities of which 26 are manufacturing facilities in four countries. It serves a range of end markets and classifies its customers into two principal categories: diversified industrial and aerospace and defense. In March 2013, it acquired Western Precision Aero LLC. In August 2013, the Company announced that it has acquired Climax Metal Products Company. In October 2013, the Company announced that it has acquired the net assets and business of Turbine Components Inc.