RBC Bearings Incorporated (ROLL) Receives $141.00 Consensus PT from Analysts

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

A number of equities analysts recently commented on ROLL shares. CL King started coverage on RBC Bearings in a report on Wednesday, November 29th. They set a “buy” rating and a $142.00 price target for the company. BidaskClub cut RBC Bearings from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Zacks Investment Research upgraded RBC Bearings from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a report on Monday, January 8th. Drexel Hamilton assumed coverage on RBC Bearings in a report on Thursday, December 21st. They set a “buy” rating and a $140.00 price objective for the company. Finally, ValuEngine cut RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

In other news, CEO Michael J. Hartnett sold 500 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $128.00, for a total transaction of $64,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Patrick S. Bannon sold 447 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $124.00, for a total value of $55,428.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,689 shares of company stock valued at $10,817,880. Corporate insiders own 3.70% of the company’s stock.

Large investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of RBC Bearings during the third quarter worth approximately $189,000. Global X Management Co. LLC boosted its holdings in shares of RBC Bearings by 75.0% during the fourth quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 705 shares during the period. Comerica Bank acquired a new stake in shares of RBC Bearings in the third quarter valued at approximately $230,000. Strs Ohio raised its position in shares of RBC Bearings by 58.3% in the third quarter. Strs Ohio now owns 1,900 shares of the industrial products company’s stock valued at $237,000 after buying an additional 700 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of RBC Bearings in the third quarter valued at approximately $251,000. Institutional investors own 99.59% of the company’s stock.

RBC Bearings (ROLL) traded down $1.14 during trading on Friday, reaching $125.61. The company had a trading volume of 7,057 shares, compared to its average volume of 86,544. RBC Bearings has a fifty-two week low of $89.87 and a fifty-two week high of $139.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.65 and a quick ratio of 1.65. The company has a market capitalization of $3,068.00, a PE ratio of 34.23, a P/E/G ratio of 5.50 and a beta of 1.29.

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

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RBC Bearings Company Profile

RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.

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