RBC Bearings Incorporated (NYSE:RBC) Shares Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC grew its position in shares of RBC Bearings Incorporated (NYSE:RBC) by 4.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,078 shares of the industrial products company’s stock after acquiring an additional 174 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in RBC Bearings were worth $1,221,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in RBC Bearings by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,095,607 shares of the industrial products company’s stock worth $566,549,000 after purchasing an additional 20,491 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of RBC Bearings by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,731,398 shares of the industrial products company’s stock valued at $738,433,000 after purchasing an additional 19,574 shares during the last quarter. CWM LLC increased its position in shares of RBC Bearings by 41.3% in the second quarter. CWM LLC now owns 10,436 shares of the industrial products company’s stock worth $2,815,000 after acquiring an additional 3,051 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of RBC Bearings by 17.3% in the third quarter. TimesSquare Capital Management LLC now owns 90,605 shares of the industrial products company’s stock worth $27,125,000 after buying an additional 13,395 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in RBC Bearings during the second quarter valued at approximately $2,380,000.

RBC Bearings Stock Up 2.1 %

RBC Bearings stock opened at $320.10 on Tuesday. The company has a current ratio of 3.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.38. RBC Bearings Incorporated has a 1-year low of $239.23 and a 1-year high of $328.39. The firm’s fifty day simple moving average is $294.38 and its 200-day simple moving average is $286.67. The company has a market capitalization of $10.05 billion, a P/E ratio of 46.73, a P/E/G ratio of 3.59 and a beta of 1.51.

RBC Bearings (NYSE:RBC) last announced its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.29 earnings per share (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 company had revenue of $397.90 million during the quarter, compared to analyst estimates of $403.89 million. During the same quarter in the previous year, the business posted $2.07 EPS. The company’s revenue was up 3.2% on a year-over-year basis. Sell-side analysts forecast that RBC Bearings Incorporated will post 8.94 earnings per share for the current fiscal year.

Insider Activity

In other RBC Bearings news, VP Richard J. Edwards sold 4,200 shares of the business’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 transaction, the vice president now directly owns 12,539 shares of the company’s stock, valued at approximately $3,669,789.13. The trade was a 25.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael J. Hartnett sold 3,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $284.23, for a total value of $852,690.00. Following the transaction, the chief executive officer now directly owns 294,120 shares in the company, valued at $83,597,727.60. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,327 shares of company stock worth $11,068,921. 2.60% of the stock is currently owned by corporate insiders.

About RBC Bearings

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.