Atria Investments Inc Has $2.18 Million Holdings in RBC Bearings Incorporated (NYSE:RBC)

Atria Investments Inc increased its position in RBC Bearings Incorporated (NYSE:RBC) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,277 shares of the industrial products company’s stock after acquiring an additional 127 shares during the quarter. Atria Investments Inc’s holdings in RBC Bearings were worth $2,179,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in RBC. Price T Rowe Associates Inc. MD lifted its position in RBC Bearings by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,095,607 shares of the industrial products company’s stock worth $566,549,000 after purchasing an additional 20,491 shares during the period. Vanguard Group Inc. lifted its stake in RBC Bearings by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,731,398 shares of the industrial products company’s stock valued at $738,433,000 after buying an additional 19,574 shares during the period. CWM LLC increased its stake in RBC Bearings by 41.3% in the second quarter. CWM LLC now owns 10,436 shares of the industrial products company’s stock valued at $2,815,000 after purchasing an additional 3,051 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in RBC Bearings during the second quarter worth about $2,380,000. Finally, Seven Eight Capital LP bought a new stake in RBC Bearings during the 1st quarter worth approximately $676,000.

RBC Bearings Price Performance

Shares of NYSE RBC opened at $313.33 on Friday. The company has a fifty day moving average price of $293.05 and a 200 day moving average price of $285.17. RBC Bearings Incorporated has a 1-year low of $238.21 and a 1-year high of $328.39. The firm has a market cap of $9.84 billion, a PE ratio of 45.74, a PEG ratio of 3.61 and a beta of 1.51. The company has a current ratio of 3.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.38.

RBC Bearings (NYSE:RBC) last announced its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.29 earnings per share 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 company had revenue of $397.90 million during the quarter, compared to the consensus estimate of $403.89 million. During the same quarter in the previous year, the business earned $2.07 EPS. RBC Bearings’s revenue was up 3.2% on a year-over-year basis. Research analysts predict that RBC Bearings Incorporated will post 8.94 earnings per share for the current fiscal year.

Insider Transactions at RBC Bearings

In other RBC Bearings news, CEO Michael J. Hartnett sold 503 shares of RBC Bearings stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $289.00, for a total value of $145,367.00. Following the completion of the transaction, the chief executive officer now directly owns 322,588 shares of the company’s stock, valued at $93,227,932. The trade was a 0.16 % 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 company’s stock in a transaction dated 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 sale, the vice president now directly owns 12,539 shares of the company’s stock, valued at $3,669,789.13. This represents a 25.09 % decrease in their position. 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 ninety days. Insiders own 2.60% of the company’s stock.

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.