RBC Bearings (NASDAQ:ROLL) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

ROLL has been the subject of a number of other research reports. Zacks Investment Research raised RBC Bearings from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a report on Friday, August 25th. Bank of America upped their target price on RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. ValuEngine cut RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, CL King initiated coverage on RBC Bearings in a report on Wednesday, November 29th. They issued a “buy” rating and a $142.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. RBC Bearings has a consensus rating of “Buy” and an average target price of $139.33.

RBC Bearings (ROLL) traded down $2.25 during trading on Wednesday, hitting $123.84. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.68 and a quick ratio of 1.64. RBC Bearings has a twelve month low of $87.61 and a twelve month high of $139.95. The stock has a market capitalization of $3,000.00, a price-to-earnings ratio of 36.75, a P/E/G ratio of 5.81 and a beta of 1.34.

RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings results on Friday, November 3rd. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). RBC Bearings had a return on equity of 11.10% and a net margin of 11.18%. The business had revenue of $164.30 million for the quarter, compared to analyst estimates of $164.56 million. During the same period last year, the firm posted $0.78 EPS. RBC Bearings’s quarterly revenue was up 6.8% on a year-over-year basis. sell-side analysts anticipate that RBC Bearings will post 3.63 earnings per share for the current fiscal year.

In other RBC Bearings news, VP Thomas C. Crainer sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $120.76, for a total value of $1,811,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Hartnett sold 1,687 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $128.28, for a total value of $216,408.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,487 shares of company stock valued at $4,504,657. Insiders own 3.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio increased its holdings in RBC Bearings by 71.4% in the 2nd quarter. Strs Ohio now owns 1,200 shares of the industrial products company’s stock worth $122,000 after purchasing an additional 500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of RBC Bearings by 106.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,237 shares of the industrial products company’s stock valued at $126,000 after buying an additional 637 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of RBC Bearings in the 3rd quarter valued at about $189,000. Comerica Bank bought a new stake in shares of RBC Bearings in the 3rd quarter valued at about $230,000. Finally, Parametrica Management Ltd bought a new stake in shares of RBC Bearings in the 3rd quarter valued at about $238,000. 99.52% of the stock is owned by institutional investors and hedge funds.

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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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