Shares of RBC Bearings Incorporated (NASDAQ:ROLL) have earned a consensus recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $141.00. 

ROLL has been the subject of several research reports. Zacks Investment Research downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. CL King initiated coverage on RBC Bearings in a research note on Wednesday, November 29th. They issued a “buy” rating and a $142.00 target price for the company. ValuEngine downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Drexel Hamilton initiated coverage on RBC Bearings in a research note on Thursday, December 21st. They issued a “buy” rating and a $140.00 target price for the company.

In other news, insider Michael J. Hartnett sold 6,300 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $128.68, for a total value of $810,684.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Hartnett sold 1,687 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were 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. Over the last 90 days, insiders sold 17,387 shares of company stock valued at $2,172,787. 3.70% of the stock is currently owned by company insiders. 


A number of hedge funds and other institutional investors have recently made changes to their positions in ROLL. UBS Asset Management Americas Inc. lifted its position in RBC Bearings by 33.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,930 shares of the industrial products company’s stock valued at $1,316,000 after acquiring an additional 3,243 shares in the last quarter. Northern Trust Corp lifted its position in RBC Bearings by 4.5% in the 2nd quarter. Northern Trust Corp now owns 310,213 shares of the industrial products company’s stock valued at $31,568,000 after acquiring an additional 13,296 shares in the last quarter. Vanguard Group Inc. lifted its position in RBC Bearings by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,817,613 shares of the industrial products company’s stock valued at $184,960,000 after acquiring an additional 12,863 shares in the last quarter. California Public Employees Retirement System lifted its position in RBC Bearings by 4.9% in the 2nd quarter. California Public Employees Retirement System now owns 53,500 shares of the industrial products company’s stock valued at $5,444,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in RBC Bearings by 5.8% in the 2nd quarter. Voya Investment Management LLC now owns 11,147 shares of the industrial products company’s stock valued at $1,134,000 after acquiring an additional 616 shares in the last quarter. 98.00% of the stock is currently owned by institutional investors and hedge funds. 

Shares of RBC Bearings (NASDAQ ROLL) traded up $1.72 during trading on Wednesday, reaching $123.64. The company’s stock had a trading volume of 135,205 shares, compared to its average volume of 92,572. 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. The firm has a market cap of $2,993.68, a P/E ratio of 36.58, a P/E/G ratio of 5.37 and a beta of 1.29. 

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