RBC Bearings Incorporated (NYSE:RBC) Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its holdings in shares of RBC Bearings Incorporated (NYSE:RBC) by 29.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,280 shares of the industrial products company’s stock after acquiring an additional 523 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in RBC Bearings were worth $683,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of RBC. UMB Bank n.a. increased its stake in shares of RBC Bearings by 416.7% during the third quarter. UMB Bank n.a. now owns 93 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 75 shares during the period. DT Investment Partners LLC acquired a new position in shares of RBC Bearings during the 2nd quarter valued at $35,000. Opal Wealth Advisors LLC bought a new stake in shares of RBC Bearings in the 2nd quarter worth $41,000. Canada Pension Plan Investment Board acquired a new stake in shares of RBC Bearings in the second quarter valued at $54,000. Finally, Strategic Financial Concepts LLC bought a new position in RBC Bearings during the second quarter valued at about $68,000.

Insider Buying and Selling

In other RBC Bearings news, VP Richard J. Edwards sold 4,200 shares of RBC Bearings stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $292.67, for a total transaction of $1,229,214.00. Following the transaction, the vice president now directly owns 12,539 shares in the company, valued at approximately $3,669,789.13. The trade was a 25.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael J. Hartnett sold 3,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $284.23, for a total transaction of $852,690.00. Following the sale, the chief executive officer now directly owns 294,120 shares in the company, valued at approximately $83,597,727.60. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,327 shares of company stock worth $11,068,921 in the last three months. 2.60% of the stock is currently owned by insiders.

RBC Bearings Price Performance

Shares of RBC Bearings stock opened at $313.32 on Friday. RBC Bearings Incorporated has a 52 week low of $238.21 and a 52 week high of $328.39. The company has a current ratio of 3.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.38. The stock has a market cap of $9.84 billion, a PE ratio of 45.74, a price-to-earnings-growth ratio of 3.61 and a beta of 1.51. The company’s 50-day moving average price is $293.66 and its two-hundred day moving average price is $285.63.

RBC Bearings (NYSE:RBC) last released its earnings results on Friday, November 1st. The industrial products company reported $2.29 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.01). The business had revenue of $397.90 million during the quarter, compared to the consensus estimate of $403.89 million. RBC Bearings had a return on equity of 9.88% and a net margin of 14.06%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.07 earnings per share. As a group, sell-side analysts anticipate that RBC Bearings Incorporated will post 8.94 EPS for the current fiscal year.

RBC Bearings Profile

RBC Bearings Incorporated manufactures and markets engineered precision bearings, components, and systems in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.