Northern Trust Corp Has $31.57 Million Stake in RBC Bearings Incorporated (ROLL)

Northern Trust Corp lifted its stake in RBC Bearings Incorporated (NASDAQ:ROLL) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,213 shares of the industrial products company’s stock after acquiring an additional 13,296 shares during the period. Northern Trust Corp owned approximately 1.31% of RBC Bearings worth $31,568,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of RBC Bearings by 2.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,258,487 shares of the industrial products company’s stock worth $229,824,000 after acquiring an additional 53,909 shares during the period. BlackRock Inc. boosted its holdings in shares of RBC Bearings by 2.8% in the second quarter. BlackRock Inc. now owns 1,844,217 shares of the industrial products company’s stock worth $187,666,000 after acquiring an additional 49,694 shares during the period. Vanguard Group Inc. boosted its holdings in shares of RBC Bearings by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,804,750 shares of the industrial products company’s stock worth $175,223,000 after acquiring an additional 96,915 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of RBC Bearings by 0.8% in the second quarter. Wells Fargo & Company MN now owns 615,432 shares of the industrial products company’s stock worth $62,627,000 after acquiring an additional 4,911 shares during the period. Finally, GW&K Investment Management LLC boosted its holdings in shares of RBC Bearings by 6.3% in the second quarter. GW&K Investment Management LLC now owns 522,952 shares of the industrial products company’s stock worth $53,216,000 after acquiring an additional 31,189 shares during the period. 99.87% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on ROLL shares. Zacks Investment Research lowered RBC Bearings from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. BidaskClub lowered RBC Bearings from a “hold” rating to a “sell” rating in a report on Friday, July 28th.

RBC Bearings Incorporated (NASDAQ ROLL) opened at 125.99 on Wednesday. RBC Bearings Incorporated has a 12-month low of $67.99 and a 12-month high of $135.54. The stock has a 50 day moving average price of $118.40 and a 200-day moving average price of $105.77. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 40.49 and a beta of 1.32.

RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. RBC Bearings had a net margin of 11.91% and a return on equity of 11.25%. The firm had revenue of $163.90 million during the quarter, compared to the consensus estimate of $160.42 million. During the same quarter in the previous year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts predict that RBC Bearings Incorporated will post $3.66 EPS for the current fiscal year.

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RBC Bearings Profile

RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.

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

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