BB&T Securities LLC Has $1.05 Million Stake in RBC Bearings Incorporated (ROLL)
BB&T Securities LLC increased its position in RBC Bearings Incorporated (NASDAQ:ROLL) by 23.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,319 shares of the industrial products company’s stock after buying an additional 1,992 shares during the period. BB&T Securities LLC’s holdings in RBC Bearings were worth $1,050,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Strs Ohio boosted its position in RBC Bearings by 71.4% in the second quarter. Strs Ohio now owns 1,200 shares of the industrial products company’s stock worth $122,000 after buying an additional 500 shares during the period. Victory Capital Management Inc. boosted its position in RBC Bearings by 6.3% in the first quarter. Victory Capital Management Inc. now owns 1,722 shares of the industrial products company’s stock worth $167,000 after buying an additional 102 shares during the period. Ameritas Investment Partners Inc. bought a new position in RBC Bearings during the first quarter worth $190,000. LLBH Private Wealth Management LLC bought a new position in RBC Bearings during the second quarter worth $254,000. Finally, BB&T Corp boosted its position in RBC Bearings by 2.7% in the first quarter. BB&T Corp now owns 3,115 shares of the industrial products company’s stock worth $302,000 after buying an additional 81 shares during the period. 99.87% of the stock is owned by institutional investors.
Shares of RBC Bearings Incorporated (NASDAQ:ROLL) opened at 107.66 on Tuesday. The stock has a market cap of $2.56 billion, a P/E ratio of 34.60 and a beta of 1.30. The stock has a 50 day moving average price of $104.72 and a 200-day moving average price of $99.41. RBC Bearings Incorporated has a 12 month low of $67.99 and a 12 month high of $111.04.
RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.82 by $0.09. The business had revenue of $163.90 million for the quarter, compared to analysts’ expectations of $160.42 million. RBC Bearings had a net margin of 11.91% and a return on equity of 11.25%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 EPS. On average, analysts forecast that RBC Bearings Incorporated will post $3.66 EPS for the current fiscal year.
A number of research firms have recently weighed in on ROLL. Zacks Investment Research cut RBC Bearings from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. BidaskClub raised RBC Bearings from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th.
In related news, VP Richard J. Edwards sold 10,000 shares of the business’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $104.19, for a total value of $1,041,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael J. Hartnett sold 26,745 shares of the business’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $103.84, for a total transaction of $2,777,200.80. The disclosure for this sale can be found here. Insiders sold a total of 135,425 shares of company stock worth $14,249,574 over the last ninety days. 3.70% of the stock is currently owned by insiders.
RBC Bearings Company 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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