SG Americas Securities LLC increased its stake in RBC Bearings Incorporated (NASDAQ:ROLL) by 56.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,368 shares of the industrial products company’s stock after acquiring an additional 854 shares during the quarter. SG Americas Securities LLC’s holdings in RBC Bearings were worth $299,000 as of its most recent SEC filing. 

Other large investors also recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its stake in RBC Bearings by 2.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 135,578 shares of the industrial products company’s stock valued at $17,138,000 after purchasing an additional 3,860 shares during the last quarter. Wasatch Advisors Inc. increased its stake in RBC Bearings by 20.4% during the fourth quarter. Wasatch Advisors Inc. now owns 1,198,672 shares of the industrial products company’s stock valued at $151,512,000 after purchasing an additional 203,366 shares during the last quarter. Davis R M Inc. increased its stake in RBC Bearings by 46.8% during the fourth quarter. Davis R M Inc. now owns 61,549 shares of the industrial products company’s stock valued at $7,780,000 after purchasing an additional 19,619 shares during the last quarter. Confluence Investment Management LLC increased its stake in RBC Bearings by 3.3% during the fourth quarter. Confluence Investment Management LLC now owns 24,531 shares of the industrial products company’s stock valued at $3,101,000 after purchasing an additional 774 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in RBC Bearings by 23.1% during the third quarter. Public Employees Retirement System of Ohio now owns 25,231 shares of the industrial products company’s stock valued at $3,158,000 after purchasing an additional 4,737 shares during the last quarter. Institutional investors and hedge funds own 98.00% of the company’s stock. 

ROLL has been the subject of several recent research reports. Zacks Investment Research lowered shares of RBC Bearings from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Bank of America boosted their target price on shares of RBC Bearings from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. CL King initiated coverage on shares of RBC Bearings in a research note on Wednesday, November 29th. They set a “buy” rating and a $142.00 target price for the company. ValuEngine lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub lowered shares of RBC Bearings from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $141.00.

Shares of RBC Bearings Incorporated (ROLL) opened at $120.50 on Thursday. The company has a current ratio of 4.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.23. RBC Bearings Incorporated has a 12 month low of $88.70 and a 12 month high of $139.95. The firm has a market cap of $2,961.13, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 5.31 and a beta of 1.29. 

RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.86 by $0.19. The business had revenue of $166.86 million during 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%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. equities research analysts forecast that RBC Bearings Incorporated will post 3.91 EPS for the current year. 

In other news, CFO Daniel A. Bergeron sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $124.03, for a total transaction of $2,480,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Hartnett sold 6,300 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $128.68, for a total transaction of $810,684.00. The disclosure for this sale can be found here. Insiders have sold 37,387 shares of company stock valued at $4,653,387 in the last 90 days. Insiders own 3.70% of the company’s stock.