RBC Bearings Incorporated (NASDAQ:ROLL) has been given a consensus rating of “Hold” by the six ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $140.67.
A number of equities analysts recently weighed in on ROLL shares. Zacks Investment Research cut RBC Bearings from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Bank of America lifted their price target on RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. CL King initiated coverage on RBC Bearings in a research note on Wednesday, November 29th. They issued a “buy” rating and a $142.00 price target on the stock. ValuEngine cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub cut RBC Bearings from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th.
In related news, insider Michael J. Hartnett sold 1,687 shares of RBC Bearings stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through this link. Also, CEO Michael J. Hartnett sold 3,500 shares of RBC Bearings stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $128.79, for a total value of $450,765.00. The disclosure for this sale can be found here. Insiders have sold 36,487 shares of company stock worth $4,504,657 over the last three months. Insiders own 3.70% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Strs Ohio boosted its holdings in RBC Bearings by 71.4% in the second quarter. Strs Ohio now owns 1,200 shares of the industrial products company’s stock worth $122,000 after acquiring an additional 500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in RBC Bearings by 106.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,237 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 637 shares in the last quarter. SG Americas Securities LLC bought a new stake in RBC Bearings in the third quarter worth $189,000. Victory Capital Management Inc. boosted its holdings in RBC Bearings by 17.5% in the second quarter. Victory Capital Management Inc. now owns 2,024 shares of the industrial products company’s stock worth $206,000 after acquiring an additional 302 shares in the last quarter. Finally, Comerica Bank bought a new stake in RBC Bearings in the third quarter worth $230,000. 97.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of RBC Bearings (ROLL) traded down $1.34 on Tuesday, hitting $126.40. The stock had a trading volume of 47,614 shares, compared to its average volume of 87,978. The company has a market cap of $3,069.20, a P/E ratio of 42.85, a PEG ratio of 5.94 and a beta of 1.34. The company has a current ratio of 4.68, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26. RBC Bearings has a 12-month low of $87.61 and a 12-month high of $139.95.
RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings results on Friday, November 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.02). The business had revenue of $164.30 million for the quarter, compared to the consensus estimate of $164.56 million. RBC Bearings had a net margin of 11.18% and a return on equity of 11.10%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. equities research analysts expect that RBC Bearings will post 3.63 EPS for the current year.
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RBC Bearings Company Profile
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.
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