Janus Henderson Group PLC Has $57.11 Million Stake in RBC Bearings Incorporated (ROLL)

Janus Henderson Group PLC decreased its holdings in shares of RBC Bearings Incorporated (NASDAQ:ROLL) by 31.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 379,848 shares of the industrial products company’s stock after selling 174,806 shares during the quarter. Janus Henderson Group PLC’s holdings in RBC Bearings were worth $57,114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its stake in shares of RBC Bearings by 2.6% during the 2nd quarter. BlackRock Inc. now owns 2,203,042 shares of the industrial products company’s stock worth $283,774,000 after purchasing an additional 55,182 shares during the last quarter. Wasatch Advisors Inc. increased its stake in shares of RBC Bearings by 2.0% during the 3rd quarter. Wasatch Advisors Inc. now owns 1,518,768 shares of the industrial products company’s stock worth $228,362,000 after purchasing an additional 29,730 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of RBC Bearings by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,162,644 shares of the industrial products company’s stock worth $174,816,000 after purchasing an additional 21,363 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of RBC Bearings by 12.2% during the 3rd quarter. Wells Fargo & Company MN now owns 719,498 shares of the industrial products company’s stock worth $108,184,000 after purchasing an additional 78,043 shares during the last quarter. Finally, Waddell & Reed Financial Inc. increased its stake in shares of RBC Bearings by 7.0% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 378,097 shares of the industrial products company’s stock worth $48,703,000 after purchasing an additional 24,890 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

NASDAQ:ROLL opened at $153.02 on Friday. RBC Bearings Incorporated has a 1 year low of $111.61 and a 1 year high of $169.84. The company has a current ratio of 5.71, a quick ratio of 2.13 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $3.75 billion, a P/E ratio of 33.68, a PEG ratio of 5.35 and a beta of 1.36.

RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Friday, November 2nd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. RBC Bearings had a net margin of 15.54% and a return on equity of 12.94%. The business had revenue of $172.92 million for the quarter, compared to analyst estimates of $174.30 million. During the same period last year, the business posted $0.83 EPS. RBC Bearings’s revenue was up 5.2% compared to the same quarter last year. Research analysts forecast that RBC Bearings Incorporated will post 4.83 EPS for the current year.

ROLL has been the topic of several analyst reports. Zacks Investment Research restated a “buy” rating and set a $182.00 price target on shares of RBC Bearings in a research note on Thursday, November 15th. BidaskClub lowered shares of RBC Bearings from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 19th. Bank of America lowered shares of RBC Bearings from a “buy” rating to a “neutral” rating and set a $165.00 target price on the stock. in a research note on Wednesday, November 14th. They noted that the move was a valuation call. William Blair reiterated an “outperform” rating on shares of RBC Bearings in a research note on Thursday, September 27th. Finally, Royal Bank of Canada reiterated a “sell” rating on shares of RBC Bearings in a research note on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $155.00.

In other RBC Bearings news, CEO Michael J. Hartnett sold 5,500 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $154.04, for a total value of $847,220.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alan B. Levine sold 1,084 shares of the firm’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $150.00, for a total transaction of $162,600.00. The disclosure for this sale can be found here. Insiders sold a total of 143,721 shares of company stock worth $21,912,292 over the last quarter. 3.10% of the stock is currently owned by company insiders.

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RBC Bearings Company Profile

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates in four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.

Read More: Balance Sheet

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Institutional Ownership by Quarter for RBC Bearings (NASDAQ:ROLL)

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