RBC Bearings Incorporated (ROLL) Receives Average Rating of “Buy” from Analysts

Shares of RBC Bearings Incorporated (NASDAQ:ROLL) have earned a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $141.00.

A number of brokerages recently commented on ROLL. BidaskClub downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Drexel Hamilton began coverage on RBC Bearings in a research note on Thursday, December 21st. They set a “buy” rating and a $140.00 price objective for the company. Zacks Investment Research upgraded RBC Bearings from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a research note on Monday, January 8th. ValuEngine downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Bank of America upped their price objective on RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th.

Shares of RBC Bearings (ROLL) traded down $1.39 on Wednesday, reaching $118.45. The company had a trading volume of 72,200 shares, compared to its average volume of 90,825. The company has a market cap of $2,910.85, a P/E ratio of 35.04, a P/E/G ratio of 5.22 and a beta of 1.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.65 and a current ratio of 4.65. RBC Bearings has a 52-week low of $88.70 and a 52-week high of $139.95.

RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.19. The firm had revenue of $166.86 million during the quarter, compared to the consensus estimate of $163.46 million. RBC Bearings had a return on equity of 11.79% and a net margin of 12.52%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. equities analysts predict that RBC Bearings will post 3.91 EPS for the current year.

In other news, insider Michael J. Hartnett sold 500 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $128.00, for a total value of $64,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael J. Hartnett sold 1,687 shares of the stock in a transaction on 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 three months, insiders sold 12,487 shares of company stock valued at $1,605,857. Company insiders own 3.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC acquired a new stake in shares of RBC Bearings in the fourth quarter valued at $276,000. Deutsche Bank AG lifted its holdings in shares of RBC Bearings by 150.4% in the fourth quarter. Deutsche Bank AG now owns 53,931 shares of the industrial products company’s stock valued at $6,815,000 after buying an additional 32,396 shares during the period. Geode Capital Management LLC lifted its holdings in shares of RBC Bearings by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 218,037 shares of the industrial products company’s stock valued at $27,559,000 after buying an additional 5,948 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of RBC Bearings in the fourth quarter valued at $1,769,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of RBC Bearings in the fourth quarter valued at $3,059,000. Institutional investors and hedge funds own 97.89% 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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