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

RBC Bearings Incorporated (NASDAQ:ROLL) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $138.75.

A number of brokerages have issued reports on ROLL. BidaskClub raised RBC Bearings from a “hold” rating to a “buy” rating in a research note on Saturday, July 21st. Zacks Investment Research lowered RBC Bearings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 21st. William Blair reissued an “outperform” rating on shares of RBC Bearings in a research note on Thursday, September 27th. Finally, Royal Bank of Canada reissued a “sell” rating on shares of RBC Bearings in a research note on Thursday, August 9th.

ROLL opened at $141.87 on Tuesday. The company has a current ratio of 5.79, a quick ratio of 2.12 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.54 billion, a P/E ratio of 36.66, a P/E/G ratio of 5.19 and a beta of 1.47. RBC Bearings has a 52 week low of $111.61 and a 52 week high of $158.18.

RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.10. The business had revenue of $176.00 million for the quarter, compared to analyst estimates of $174.32 million. RBC Bearings had a return on equity of 12.29% and a net margin of 13.51%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. Equities analysts predict that RBC Bearings will post 4.73 earnings per share for the current fiscal year.

In other RBC Bearings news, Director Mitchell I. Quain sold 6,500 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $140.19, for a total value of $911,235.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael J. Hartnett sold 31,523 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $153.61, for a total value of $4,842,248.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 288,886 shares of company stock worth $42,266,095. 3.10% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Guggenheim Capital LLC raised its holdings in shares of RBC Bearings by 34.7% in the 1st quarter. Guggenheim Capital LLC now owns 2,945 shares of the industrial products company’s stock worth $366,000 after purchasing an additional 758 shares during the period. Xact Kapitalforvaltning AB raised its holdings in shares of RBC Bearings by 52.7% in the 1st quarter. Xact Kapitalforvaltning AB now owns 3,765 shares of the industrial products company’s stock worth $468,000 after purchasing an additional 1,300 shares during the period. WINTON GROUP Ltd purchased a new position in shares of RBC Bearings in the 1st quarter worth about $651,000. Suntrust Banks Inc. raised its holdings in shares of RBC Bearings by 4.3% in the 1st quarter. Suntrust Banks Inc. now owns 28,121 shares of the industrial products company’s stock worth $3,492,000 after purchasing an additional 1,158 shares during the period. Finally, Port Capital LLC raised its holdings in shares of RBC Bearings by 8.7% in the 2nd quarter. Port Capital LLC now owns 136,914 shares of the industrial products company’s stock worth $17,636,000 after purchasing an additional 10,955 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

About RBC Bearings

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates in four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.

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Analyst Recommendations for RBC Bearings (NASDAQ:ROLL)

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