1,453 Shares in RBC Bearings Incorporated (NYSE:RBC) Acquired by Versor Investments LP

Versor Investments LP bought a new position in shares of RBC Bearings Incorporated (NYSE:RBC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,453 shares of the industrial products company’s stock, valued at approximately $435,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. UMB Bank n.a. increased its holdings in shares of RBC Bearings by 416.7% in the 3rd quarter. UMB Bank n.a. now owns 93 shares of the industrial products company’s stock worth $28,000 after buying an additional 75 shares during the last quarter. DT Investment Partners LLC bought a new position in shares of RBC Bearings in the 2nd quarter worth $35,000. Opal Wealth Advisors LLC bought a new position in shares of RBC Bearings in the 2nd quarter worth $41,000. Canada Pension Plan Investment Board bought a new position in shares of RBC Bearings in the 2nd quarter worth $54,000. Finally, Blue Trust Inc. increased its holdings in shares of RBC Bearings by 541.9% in the 3rd quarter. Blue Trust Inc. now owns 276 shares of the industrial products company’s stock worth $83,000 after buying an additional 233 shares during the last quarter.

Insider Activity at RBC Bearings

In other RBC Bearings news, CEO Michael J. Hartnett sold 3,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $284.23, for a total value of $852,690.00. Following the sale, the chief executive officer now owns 294,120 shares of the company’s stock, valued at $83,597,727.60. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard J. Edwards sold 4,200 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $292.67, for a total transaction of $1,229,214.00. Following the completion of the sale, the vice president now directly owns 12,539 shares in the company, valued at approximately $3,669,789.13. This trade represents a 25.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,327 shares of company stock valued at $11,068,921. Insiders own 2.60% of the company’s stock.

RBC Bearings Price Performance

Shares of NYSE:RBC opened at $313.33 on Friday. The company’s fifty day moving average price is $293.05 and its 200-day moving average price is $285.17. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 45.74, a PEG ratio of 3.61 and a beta of 1.51. RBC Bearings Incorporated has a one year low of $238.21 and a one year high of $328.39. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.48 and a quick ratio of 1.28.

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 the consensus estimate of $2.30 by ($0.01). RBC Bearings had a net margin of 14.06% and a return on equity of 9.88%. The business had revenue of $397.90 million for the quarter, compared to the consensus estimate of $403.89 million. During the same period in the prior year, the business posted $2.07 EPS. RBC Bearings’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities research analysts anticipate that RBC Bearings Incorporated will post 8.94 earnings per share for the current fiscal year.

RBC Bearings Company 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.