RBC Bearings Incorporated (NASDAQ:ROLL) has been assigned an average rating of “Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $141.00.
Several equities research analysts have recently weighed in on the company. BidaskClub raised RBC Bearings from a “sell” rating to a “hold” rating in a research note on Wednesday. CL King assumed coverage on RBC Bearings in a research note on Wednesday, November 29th. They issued a “buy” rating and a $142.00 price target for the company. Zacks Investment Research cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. ValuEngine cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Drexel Hamilton assumed coverage on RBC Bearings in a research note on Thursday, December 21st. They issued a “buy” rating and a $140.00 price target for the company.
In related news, Director Alan B. Levine sold 4,900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $115.70, for a total transaction of $566,930.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas C. Crainer sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $124.92, for a total value of $624,600.00. The disclosure for this sale can be found here. Insiders have sold 90,689 shares of company stock valued at $11,442,480 in the last ninety days. 3.70% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in RBC Bearings during the third quarter worth approximately $189,000. Global X Management Co. LLC grew its stake in RBC Bearings by 75.0% during the fourth quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company’s stock worth $208,000 after purchasing an additional 705 shares during the period. Comerica Bank acquired a new stake in RBC Bearings during the third quarter worth approximately $230,000. Strs Ohio grew its stake in RBC Bearings by 58.3% during the third quarter. Strs Ohio now owns 1,900 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 700 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in RBC Bearings during the third quarter worth approximately $251,000. 99.59% of the stock is owned by institutional investors and hedge funds.
Shares of RBC Bearings (ROLL) traded down $0.25 during mid-day trading on Friday, hitting $125.02. The stock had a trading volume of 135,566 shares, compared to its average volume of 75,240. The firm has a market capitalization of $3,036.61, a PE ratio of 36.99, a price-to-earnings-growth ratio of 5.45 and a beta of 1.29. The company has a current ratio of 4.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.23. RBC Bearings has a 12 month low of $89.92 and a 12 month high of $139.95.
RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.19. The company had revenue of $166.86 million during the quarter, compared to analysts’ expectations of $163.46 million. RBC Bearings had a return on equity of 11.79% and a net margin of 12.52%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 earnings per share. equities analysts forecast that RBC Bearings will post 3.91 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This article was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/03/18/brokerages-set-rbc-bearings-incorporated-roll-pt-at-141-00.html.
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.
Receive News & Ratings for RBC Bearings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings and related companies with MarketBeat.com's FREE daily email newsletter.