Cortina Asset Management LLC bought a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 72,153 shares of the industrial products company’s stock, valued at approximately $9,120,000. 

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROLL. Wasatch Advisors Inc. grew 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 worth $151,512,000 after purchasing an additional 203,366 shares during the period. BlackRock Inc. grew its stake in RBC Bearings by 3.8% during the fourth quarter. BlackRock Inc. now owns 2,066,687 shares of the industrial products company’s stock worth $261,229,000 after purchasing an additional 76,161 shares during the period. Port Capital LLC acquired a new stake in RBC Bearings during the fourth quarter worth approximately $9,544,000. Bradley Foster & Sargent Inc. CT grew its stake in RBC Bearings by 48.5% during the third quarter. Bradley Foster & Sargent Inc. CT now owns 183,242 shares of the industrial products company’s stock worth $22,933,000 after purchasing an additional 59,857 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in RBC Bearings by 1.3% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,287,621 shares of the industrial products company’s stock worth $286,296,000 after purchasing an additional 29,134 shares during the period. 98.00% of the stock is owned by institutional investors and hedge funds. 

In other RBC Bearings news, insider Michael J. Hartnett sold 6,300 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $128.68, for a total value of $810,684.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael J. Hartnett sold 1,687 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $128.28, for a total value of $216,408.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,387 shares of company stock worth $4,653,387. Corporate insiders own 3.70% of the company’s stock. 

RBC Bearings Incorporated (NASDAQ ROLL) opened at $125.92 on Tuesday. The stock has a market capitalization of $3,020.40, a P/E ratio of 33.70, a price-to-earnings-growth ratio of 5.42 and a beta of 1.29. The company has a quick ratio of 1.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.23. RBC Bearings Incorporated has a fifty-two week low of $88.70 and a fifty-two week high of $139.95. 

RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.19. The business had revenue of $166.86 million for the quarter, compared to analyst estimates of $163.46 million. RBC Bearings had a return on equity of 11.79% and a net margin of 12.52%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 earnings per share. equities analysts expect that RBC Bearings Incorporated will post 3.91 EPS for the current year. 

Several equities research analysts recently commented on the company. BidaskClub cut RBC Bearings from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Zacks Investment Research raised RBC Bearings from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research note on Friday, February 2nd. Drexel Hamilton assumed coverage on RBC Bearings in a research note on Thursday, December 21st. They set a “buy” rating and a $140.00 target price for the company. ValuEngine lowered RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, CL King assumed coverage on RBC Bearings in a report on Wednesday, November 29th. They issued a “buy” rating and a $142.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $141.00.