RBC Bearings Incorporated (ROLL) Receives Average Rating of “Hold” from Analysts

Shares of RBC Bearings Incorporated (NASDAQ:ROLL) have been given an average rating of “Hold” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $149.00.

A number of analysts have recently issued reports on the company. Zacks Investment Research raised RBC Bearings from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. ValuEngine cut RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. BidaskClub cut RBC Bearings from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of RBC Bearings in a research report on Monday, January 14th.

Shares of ROLL traded up $0.26 during mid-day trading on Friday, reaching $127.17. The company’s stock had a trading volume of 146,885 shares, compared to its average volume of 117,564. RBC Bearings has a 1-year low of $111.61 and a 1-year high of $169.84. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 4.57 and a beta of 1.36. The company has a quick ratio of 2.50, a current ratio of 6.44 and a debt-to-equity ratio of 0.12.

RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.01. RBC Bearings had a return on equity of 12.77% and a net margin of 14.34%. The company had revenue of $171.45 million during the quarter, compared to analysts’ expectations of $175.96 million. During the same period last year, the firm posted $1.05 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. As a group, analysts expect that RBC Bearings will post 4.72 earnings per share for the current year.

In related news, CFO Daniel A. Bergeron sold 20,000 shares of RBC Bearings stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $132.42, for a total transaction of $2,648,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas J. Obrien sold 2,500 shares of RBC Bearings stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $126.19, for a total value of $315,475.00. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Congress Asset Management Co. MA lifted its holdings in RBC Bearings by 1,622.9% during the 4th quarter. Congress Asset Management Co. MA now owns 577,848 shares of the industrial products company’s stock worth $75,756,000 after purchasing an additional 544,308 shares during the last quarter. Diversified Trust Co acquired a new stake in RBC Bearings during the 4th quarter worth approximately $299,000. Virginia Retirement Systems ET AL lifted its holdings in RBC Bearings by 1.6% during the 4th quarter. Virginia Retirement Systems ET AL now owns 6,500 shares of the industrial products company’s stock worth $852,000 after purchasing an additional 100 shares during the last quarter. MetLife Investment Advisors LLC lifted its holdings in RBC Bearings by 46.6% during the 3rd quarter. MetLife Investment Advisors LLC now owns 15,818 shares of the industrial products company’s stock worth $2,378,000 after purchasing an additional 5,025 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in RBC Bearings by 1.3% during the 3rd quarter. BlackRock Inc. now owns 2,230,873 shares of the industrial products company’s stock worth $335,434,000 after purchasing an additional 27,831 shares during the last quarter. 99.17% of the stock is owned by institutional investors and hedge funds.

RBC Bearings Company Profile

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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