BidaskClub upgraded shares of RBC Bearings (NASDAQ:ROLL) from a sell rating to a hold rating in a research report report published on Wednesday morning.

A number of other research analysts have also recently commented on the company. Drexel Hamilton started coverage on RBC Bearings in a research report on Thursday, December 21st. They issued a buy rating and a $140.00 price target on the stock. CL King started coverage on RBC Bearings in a research report on Wednesday, November 29th. They issued a buy rating and a $142.00 price target on the stock. Zacks Investment Research upgraded RBC Bearings from a hold rating to a buy rating and set a $144.00 price target on the stock in a research report on Tuesday, January 23rd. Finally, ValuEngine cut RBC Bearings from a buy rating to a hold rating in a research report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $141.00.

Shares of RBC Bearings (ROLL) opened at $125.02 on Wednesday. The company has a current ratio of 4.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.23. RBC Bearings has a twelve month low of $89.92 and a twelve month high of $139.95. The firm has a market capitalization of $3,036.61, a price-to-earnings ratio of 33.88, a PEG ratio of 5.45 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 EPS 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 company had revenue of $166.86 million for the quarter, compared to analysts’ expectations of $163.46 million. During the same quarter last year, the business earned $0.73 earnings per share. RBC Bearings’s revenue was up 13.8% on a year-over-year basis. research analysts forecast that RBC Bearings will post 3.91 EPS for the current fiscal year. 

In other RBC Bearings news, CEO Michael J. Hartnett sold 500 shares of RBC Bearings stock in a transaction dated 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 SEC, which is accessible through this link. Also, insider Thomas C. Crainer sold 5,000 shares of RBC Bearings stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $124.92, for a total value of $624,600.00. The disclosure for this sale can be found here. Insiders sold 90,689 shares of company stock worth $11,442,480 in the last 90 days. 3.70% of the stock is owned by company insiders. 

A number of institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB bought a new position in RBC Bearings in the fourth quarter valued at about $312,000. Envestnet Asset Management Inc. grew its position in RBC Bearings by 3.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,030 shares of the industrial products company’s stock valued at $3,290,000 after acquiring an additional 845 shares during the last quarter. Sterling Capital Management LLC bought a new position in RBC Bearings in the fourth quarter valued at about $1,129,000. MetLife Investment Advisors LLC bought a new position in RBC Bearings in the fourth quarter valued at about $1,375,000. Finally, Gotham Asset Management LLC bought a new position in RBC Bearings in the fourth quarter valued at about $374,000. Hedge funds and other institutional investors own 99.59% of the company’s stock.