RBC Bearings (NASDAQ:ROLL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage presently has a $142.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 15.80% from the stock’s current price. 

According to Zacks, “Over the last six months, RBC Bearings’ shares outperformed the industry. In second-quarter fiscal 2018, the company’s earnings and revenues exceeded the year-ago tallies by 6.4% and 6.7%, respectively. The upside was primarily stemmed by strong industrial business. The company perceives that sturdier industrial original equipment manufacturers’ demand as well as increased industrial distribution and aftermarket sales will continue to drive results in the quarters ahead. Moreover, the company anticipates to record wider margins in the near-term quarters on the back of its ongoing consolidation programs and increased operational efficacy. Moreover, RBC Bearings is also steadily lowering its debt burden over time. Over the last 60 days, Zacks Consensus Estimate for the stock has moved north for both fiscal 2018 and 2019.”

Several other equities analysts also recently issued reports on the stock. Drexel Hamilton initiated coverage on shares of RBC Bearings in a research note on Thursday, December 21st. They set a “buy” rating and a $140.00 price target for the company. BidaskClub cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. ValuEngine cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. CL King initiated coverage on shares of RBC Bearings in a research report on Wednesday, November 29th. They set a “buy” rating and a $142.00 price objective for the company. Finally, Bank of America increased their price objective on shares of RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. RBC Bearings currently has a consensus rating of “Buy” and an average price target of $141.00.

RBC Bearings (NASDAQ ROLL) opened at $122.62 on Friday. The stock has a market cap of $2,880.00, a price-to-earnings ratio of 41.57, a PEG ratio of 5.77 and a beta of 1.28. RBC Bearings has a 52 week low of $88.70 and a 52 week 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 released its quarterly earnings results on Friday, November 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.02). The business had revenue of $164.30 million for the quarter, compared to the consensus estimate 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 business posted $0.78 EPS. sell-side analysts forecast that RBC Bearings will post 3.74 EPS for the current fiscal year. 

In other news, VP Thomas C. Crainer sold 15,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $120.76, for a total transaction of $1,811,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $64,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,487 shares of company stock valued at $4,632,657. 3.70% of the stock is currently owned by corporate insiders. 

A number of large investors have recently bought and sold shares of ROLL. Prudential Financial Inc. grew its holdings in RBC Bearings by 4.9% in the second quarter. Prudential Financial Inc. now owns 2,638 shares of the industrial products company’s stock worth $268,000 after purchasing an additional 124 shares during the period. Principal Financial Group Inc. grew its holdings in RBC Bearings by 15.8% in the second quarter. Principal Financial Group Inc. now owns 10,727 shares of the industrial products company’s stock worth $1,092,000 after purchasing an additional 1,463 shares during the period. TIAA CREF Investment Management LLC grew its holdings in RBC Bearings by 1.8% in the second quarter. TIAA CREF Investment Management LLC now owns 62,401 shares of the industrial products company’s stock worth $6,350,000 after purchasing an additional 1,080 shares during the period. BlackRock Inc. grew its holdings in RBC Bearings by 2.8% in the second quarter. BlackRock Inc. now owns 1,844,217 shares of the industrial products company’s stock worth $187,666,000 after purchasing an additional 49,694 shares during the period. Finally, Amalgamated Bank grew its holdings in RBC Bearings by 6.7% in the second quarter. Amalgamated Bank now owns 2,965 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 98.64% of the company’s stock.