Port Capital LLC Takes Position in RBC Bearings Incorporated (ROLL)

Release Time：02 Feb,2018

<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180202/20180202092448_50957.png" alt="" /> </p> <p> Port Capital LLC bought a new stake in RBC Bearings Incorporated (NASDAQ:ROLL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The fund bought 75,503 shares of the industrial products company’s stock, valued at approximately $9,544,000. RBC Bearings accounts for approximately 4.3% of Port Capital LLC’s investment portfolio, making the stock its 6th largest holding. Port Capital LLC owned approximately 0.31% of RBC Bearings at the end of the most recent reporting period.&nbsp; </p> <br /> Several other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in shares of RBC Bearings by 56.4% in the fourth quarter. SG Americas Securities LLC now owns 2,368 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 854 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of RBC Bearings by 2.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 135,578 shares of the industrial products company’s stock valued at $17,138,000 after purchasing an additional 3,860 shares during the period. Wasatch Advisors Inc. grew its holdings 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 acquiring an additional 203,366 shares during the period. Davis R M Inc. grew its holdings in RBC Bearings by 46.8% during the fourth quarter. Davis R M Inc. now owns 61,549 shares of the industrial products company’s stock worth $7,780,000 after acquiring an additional 19,619 shares during the period. Finally, Confluence Investment Management LLC grew its holdings in RBC Bearings by 3.3% during the fourth quarter. Confluence Investment Management LLC now owns 24,531 shares of the industrial products company’s stock worth $3,101,000 after acquiring an additional 774 shares during the period. 98.64% of the stock is currently owned by institutional investors and hedge funds.&nbsp;<br /> <br /> RBC Bearings Incorporated (NASDAQ:ROLL) traded up $0.56 on Thursday, reaching $126.56. The company’s stock had a trading volume of 78,964 shares, compared to its average volume of 89,812. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 4.68. The stock has a market capitalization of $3,098.78, a P/E ratio of 37.93, a price-to-earnings-growth ratio of 5.83 and a beta of 1.35. RBC Bearings Incorporated has a one year low of $88.70 and a one year high of $139.95.&nbsp;<br /> <br /> RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Friday, November 3rd. The industrial products company reported $0.83 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.02). The firm had revenue of $164.30 million for the quarter, compared to analysts’ expectations of $164.56 million. RBC Bearings had a return on equity of 11.10% and a net margin of 11.18%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 earnings per share. equities analysts anticipate that RBC Bearings Incorporated will post 3.74 EPS for the current fiscal year.&nbsp;<br /> <br /> In other RBC Bearings news, insider Michael J. Hartnett sold 1,687 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $128.28, for a total transaction of $216,408.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael J. Hartnett sold 500 shares of the business’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $128.00, for a total value of $64,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,487 shares of company stock worth $4,632,657. 3.70% of the stock is owned by company insiders.&nbsp;<br /> <br /> ROLL has been the topic of a number of recent analyst reports. CL King initiated coverage on RBC Bearings in a report on Wednesday, November 29th. They set a “buy” rating and a $142.00 price objective on the stock. Bank of America upped their price objective on RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. BidaskClub lowered RBC Bearings from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Zacks Investment Research raised RBC Bearings from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a report on Monday, January 8th. Finally, Drexel Hamilton initiated coverage on RBC Bearings in a report on Thursday, December 21st. They set a “buy” rating and a $140.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $141.50.<br />