BidaskClub Downgrades RBC Bearings (ROLL) to Strong Sell

BidaskClub cut shares of RBC Bearings (NASDAQ:ROLL) from a sell rating to a strong sell rating in a research note published on Saturday, March 30th, BidAskClub reports.

A number of other research firms have also recently issued reports on ROLL. ValuEngine cut shares of RBC Bearings from a buy rating to a hold rating in a report on Thursday, December 6th. Seaport Global Securities reiterated a neutral rating on shares of RBC Bearings in a research note on Monday, January 14th. Finally, Zacks Investment Research upgraded shares of RBC Bearings from a sell rating to a hold rating in a research note on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. RBC Bearings presently has an average rating of Hold and a consensus target price of $160.00.

Shares of NASDAQ ROLL traded up $1.52 during mid-day trading on Friday, reaching $130.92. The company had a trading volume of 104,769 shares, compared to its average volume of 127,147. RBC Bearings has a twelve month low of $111.61 and a twelve month high of $169.84. The company has a current ratio of 6.44, a quick ratio of 2.50 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.25 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 4.28 and a beta of 1.34.

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

In other RBC Bearings news, Director Amir Faghri sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $127.35, for a total value of $318,375.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel A. Bergeron sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $132.42, for a total transaction of $2,648,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,000 shares of company stock valued at $3,282,250. Company insiders own 3.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc boosted its position in shares of RBC Bearings by 66.7% during the fourth quarter. IFP Advisors Inc now owns 195 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 78 shares in the last quarter. Berman Capital Advisors LLC bought a new stake in RBC Bearings in the 4th quarter valued at $33,000. Advisory Services Network LLC increased its stake in RBC Bearings by 39.7% in the 4th quarter. Advisory Services Network LLC now owns 577 shares of the industrial products company’s stock valued at $75,000 after buying an additional 164 shares during the last quarter. YorkBridge Wealth Partners LLC acquired a new stake in RBC Bearings in the 4th quarter valued at $77,000. Finally, First Hawaiian Bank increased its stake in RBC Bearings by 55.7% in the 4th quarter. First Hawaiian Bank now owns 699 shares of the industrial products company’s stock valued at $92,000 after buying an additional 250 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors.

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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