RBC Bearings Incorporated (ROLL) Shares Bought by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. grew its stake in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 22.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 352,148 shares of the industrial products company’s stock after acquiring an additional 64,511 shares during the period. Goldman Sachs Group Inc. owned about 1.45% of RBC Bearings worth $44,511,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of ROLL. SG Americas Securities LLC bought a new stake in shares of RBC Bearings during the third quarter valued at approximately $189,000. Global X Management Co. LLC raised its stake in shares of RBC Bearings by 75.0% during the fourth quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company’s stock valued at $208,000 after acquiring an additional 705 shares in the last quarter. Comerica Bank bought a new stake in shares of RBC Bearings during the third quarter valued at approximately $230,000. Teacher Retirement System of Texas bought a new stake in shares of RBC Bearings during the third quarter valued at approximately $251,000. Finally, Guggenheim Capital LLC bought a new stake in shares of RBC Bearings during the fourth quarter valued at approximately $276,000. 99.41% of the stock is owned by hedge funds and other institutional investors.
RBC Bearings Incorporated (NASDAQ:ROLL) opened at $125.84 on Tuesday. The stock has a market cap of $3,036.67, a P/E ratio of 37.23, a P/E/G ratio of 5.45 and a beta of 1.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.65 and a current ratio of 4.65. RBC Bearings Incorporated has a 1-year low of $90.00 and a 1-year high of $139.95.
RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.19. The company had revenue of $166.86 million for the quarter, compared to analyst estimates of $163.46 million. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. RBC Bearings’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted $0.73 earnings per share. equities analysts predict that RBC Bearings Incorporated will post 3.91 EPS for the current year.
In other RBC Bearings news, Director Alan B. Levine sold 4,900 shares of RBC Bearings stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $115.70, for a total value of $566,930.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael J. Hartnett sold 500 shares of RBC Bearings stock in a transaction on Friday, December 29th. The stock was sold at an average price of $128.00, for a total transaction of $64,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,689 shares of company stock worth $11,442,480. 3.70% of the stock is currently owned by corporate insiders.
Several analysts have recently weighed in on ROLL shares. Drexel Hamilton started coverage on shares of RBC Bearings in a research note on Thursday, December 21st. They set a “buy” rating and a $140.00 price target for the company. BidaskClub lowered shares of RBC Bearings from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. CL King began coverage on shares of RBC Bearings in a report on Wednesday, November 29th. They set a “buy” rating and a $142.00 price objective on the stock. Zacks Investment Research raised shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a report on Tuesday, January 23rd. Finally, ValuEngine lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $141.00.
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