RBC Bearings Incorporated (ROLL) Given Average Rating of “Hold” by Brokerages

RBC Bearings Incorporated (NASDAQ:ROLL) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $141.00.

A number of research analysts have issued reports on ROLL shares. CL King started coverage on shares of RBC Bearings in a report on Wednesday. They issued a “buy” rating and a $142.00 target price on the stock. Bank of America upped their target price on shares of RBC Bearings from $120.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Zacks Investment Research upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a report on Thursday, August 10th. ValuEngine lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday. Finally, BidaskClub upgraded shares of RBC Bearings from a “sell” rating to a “hold” rating in a report on Saturday, August 19th.

Shares of RBC Bearings (NASDAQ ROLL) traded down $1.74 during midday trading on Friday, reaching $131.71. 73,479 shares of the company were exchanged, compared to its average volume of 88,194. The firm has a market cap of $3,075.75, a PE ratio of 37.64, a price-to-earnings-growth ratio of 5.95 and a beta of 1.34. RBC Bearings has a 12-month low of $82.83 and a 12-month high of $139.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 4.68.

RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings data 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 business had revenue of $164.30 million during the quarter, compared to analyst estimates of $164.56 million. RBC Bearings had a net margin of 11.18% and a return on equity of 11.10%. RBC Bearings’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. analysts predict that RBC Bearings will post 3.63 earnings per share for the current year.

In other RBC Bearings news, VP Richard J. Edwards sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $121.54, for a total value of $1,215,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Thomas C. Crainer sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $120.76, for a total transaction of $1,811,400.00. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Strs Ohio lifted its holdings in shares of RBC Bearings by 71.4% during the 2nd quarter. Strs Ohio now owns 1,200 shares of the industrial products company’s stock worth $122,000 after acquiring an additional 500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of RBC Bearings by 106.2% during the 2nd 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 during the period. SG Americas Securities LLC purchased a new position in shares of RBC Bearings during the 3rd quarter worth about $189,000. Comerica Bank purchased a new position in shares of RBC Bearings during the 3rd quarter worth about $230,000. Finally, Parametrica Management Ltd purchased a new position in shares of RBC Bearings during the 3rd quarter worth about $238,000. Institutional investors and hedge funds own 99.50% of the company’s stock.

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About RBC Bearings

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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