RBC Bearings Incorporated (ROLL) : Snyder Capital Management L P reduced its stake in RBC Bearings Incorporated by 0.14% during the most recent quarter end. The investment management company now holds a total of 698,182 shares of RBC Bearings Incorporated which is valued at $53,766,996 after selling 1,003 shares in RBC Bearings Incorporated , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.RBC Bearings Incorporated makes up approximately 3.35% of Snyder Capital Management L P’s portfolio.
Other Hedge Funds, Including , Bessemer Group Inc reduced its stake in ROLL by selling 3 shares or 5.66% in the most recent quarter. The Hedge Fund company now holds 50 shares of ROLL which is valued at $3,851. Thompson Siegel Walmsley added ROLL to its portfolio by purchasing 22 company shares during the most recent quarter which is valued at $1,717. Tortoise Investment Management added ROLL to its portfolio by purchasing 97 company shares during the most recent quarter which is valued at $7,301.California Public Employees Retirement System boosted its stake in ROLL in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 59,900 shares of RBC Bearings Incorporated which is valued at $4,508,673. RBC Bearings Incorporated makes up approx 0.01% of California Public Employees Retirement System’s portfolio.
RBC Bearings Incorporated opened for trading at $77.36 and hit $79.14 on the upside on Tuesday, eventually ending the session at $78.98, with a gain of 2.19% or 1.69 points. The heightened volatility saw the trading volume jump to 1,33,249 shares. Company has a market cap of $1,876 M.
On the company’s financial health, RBC Bearings Incorporated reported $0.77 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.79. The company had revenue of $154.58 million for the quarter, compared to analysts expectations of $152.26 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.
Many Wall Street Analysts have commented on RBC Bearings Incorporated. RBC Bearings Incorporated was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Aug 9, 2016.
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision components and bearings. The Company manufactures roller bearing components and assembled parts and designs and manufactures high-precision roller and ball bearings. The Company operates in four business segments: plain bearings roller bearings ball bearings and Other. The Company’s plain bearings segment consists of several sub-classes including rod end bearings spherical plain bearings and journal bearings. The Company’s roller bearings segment manufactures four types of roller bearings: heavy duty needle roller bearings with inner rings tapered roller bearings track rollers and aircraft roller bearings. The Company’s ball bearings segment manufactures four types of ball bearings: high precision aerospace airframe control thin section and commercial ball bearings. The Company’s Other segment consists primarily of precision mechanical components and machine tool collets.