RBC Bearings Incorporated (ROLL) : First Mercantile Trust Co reduced its stake in RBC Bearings Incorporated by 10.72% during the most recent quarter end. The investment management company now holds a total of 9,850 shares of RBC Bearings Incorporated which is valued at $751,161 after selling 1,183 shares in RBC Bearings Incorporated , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.RBC Bearings Incorporated makes up approximately 0.10% of First Mercantile Trust Co’s portfolio.
Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in ROLL in the latest quarter, The investment management firm added 1,020 additional shares and now holds a total of 2,059 shares of RBC Bearings Incorporated which is valued at $159,593. Washington Trust Bank sold out all of its stake in ROLL during the most recent quarter. The investment firm sold 26 shares of ROLL which is valued $2,015.
RBC Bearings Incorporated closed down -1.6 points or -2.05% at $76.26 with 99,462 shares getting traded on Friday. Post opening the session at $77.77, the shares hit an intraday low of $75.58 and an intraday high of $78.161 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, RBC Bearings Incorporated reported $0.77 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.79. The company had revenue of $154.58 million for the quarter, compared to analysts expectations of $152.26 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.
Many Wall Street Analysts have commented on RBC Bearings Incorporated. RBC Bearings Incorporated was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Aug 9, 2016.
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision components and bearings. The Company manufactures roller bearing components and assembled parts and designs and manufactures high-precision roller and ball bearings. The Company operates in four business segments: plain bearings roller bearings ball bearings and Other. The Company’s plain bearings segment consists of several sub-classes including rod end bearings spherical plain bearings and journal bearings. The Company’s roller bearings segment manufactures four types of roller bearings: heavy duty needle roller bearings with inner rings tapered roller bearings track rollers and aircraft roller bearings. The Company’s ball bearings segment manufactures four types of ball bearings: high precision aerospace airframe control thin section and commercial ball bearings. The Company’s Other segment consists primarily of precision mechanical components and machine tool collets.