Shares of RBC Bearings Incorporated (NASDAQ:ROLL) have earned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $155.00.
ROLL has been the topic of a number of research reports. BidaskClub lowered RBC Bearings from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 19th. Zacks Investment Research lowered RBC Bearings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 21st. Bank of America lowered RBC Bearings from a “buy” rating to a “neutral” rating and set a $165.00 price objective on the stock. in a research report on Wednesday, November 14th. They noted that the move was a valuation call. William Blair restated an “outperform” rating on shares of RBC Bearings in a research report on Thursday, September 27th. Finally, ValuEngine lowered RBC Bearings from a “buy” rating to a “hold” rating in a research report on Thursday, December 6th.
Shares of ROLL traded up $0.70 during midday trading on Wednesday, hitting $134.93. The company’s stock had a trading volume of 38,596 shares, compared to its average volume of 82,510. RBC Bearings has a one year low of $111.61 and a one year high of $169.84. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.13 and a current ratio of 5.71. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 4.73 and a beta of 1.38.
In other RBC Bearings news, Director Alan B. Levine sold 1,084 shares of RBC Bearings stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $150.00, for a total transaction of $162,600.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael J. Hartnett sold 18,029 shares of RBC Bearings stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $152.97, for a total value of $2,757,896.13. The disclosure for this sale can be found here. Insiders have sold a total of 30,542 shares of company stock worth $4,672,676 over the last ninety days. Company insiders own 3.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in ROLL. Parallel Advisors LLC lifted its holdings in RBC Bearings by 280.0% during the 3rd quarter. Parallel Advisors LLC now owns 741 shares of the industrial products company’s stock worth $111,000 after buying an additional 546 shares during the period. Quantbot Technologies LP acquired a new position in RBC Bearings during the 3rd quarter worth about $120,000. Synovus Financial Corp lifted its holdings in RBC Bearings by 164.0% during the 3rd quarter. Synovus Financial Corp now owns 940 shares of the industrial products company’s stock worth $141,000 after buying an additional 584 shares during the period. Rehmann Capital Advisory Group lifted its holdings in RBC Bearings by 14,935.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 31,425 shares of the industrial products company’s stock worth $209,000 after buying an additional 31,216 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in RBC Bearings by 31.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,628 shares of the industrial products company’s stock worth $210,000 after buying an additional 391 shares during the period. 97.04% 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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