RBC Bearings (NASDAQ:ROLL) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Other analysts also recently issued research reports about the company. Zacks Investment Research raised RBC Bearings from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a research note on Monday, January 8th. Drexel Hamilton initiated coverage on RBC Bearings in a research note on Thursday, December 21st. They issued a “buy” rating and a $140.00 price objective on the stock. CL King initiated coverage on RBC Bearings in a research note on Wednesday, November 29th. They issued a “buy” rating and a $142.00 price objective on the stock. Finally, ValuEngine downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research note 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. RBC Bearings has an average rating of “Buy” and an average target price of $141.00.

RBC Bearings (NASDAQ ROLL) traded down $2.06 on Wednesday, hitting $124.69. The stock had a trading volume of 14,202 shares, compared to its average volume of 86,708. RBC Bearings has a 12 month low of $89.87 and a 12 month high of $139.95. The company has a quick ratio of 1.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.23. The company has a market cap of $3,068.00, a P/E ratio of 36.96, a PEG ratio of 5.50 and a beta of 1.29. 


RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings data 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 the consensus estimate of $163.46 million. During the same quarter in the previous year, the business earned $0.73 EPS. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. research analysts expect that RBC Bearings will post 3.91 earnings per share for the current fiscal year. 

In other news, insider Michael J. Hartnett sold 500 shares of the business’s stock in a transaction 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 document filed with the SEC, which is available through the SEC website. Also, VP Patrick S. Bannon sold 447 shares of the business’s stock in a transaction 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. Insiders have sold 85,689 shares of company stock worth $10,817,880 over the last ninety days. 3.70% of the stock is owned by insiders. 

Several institutional investors have recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of RBC Bearings by 1.3% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,287,621 shares of the industrial products company’s stock worth $286,296,000 after purchasing an additional 29,134 shares during the period. BlackRock Inc. raised its position in shares of RBC Bearings by 3.8% during the fourth quarter. BlackRock Inc. now owns 2,066,687 shares of the industrial products company’s stock worth $261,229,000 after purchasing an additional 76,161 shares during the period. Wasatch Advisors Inc. raised its position in shares of RBC Bearings by 20.4% during the fourth quarter. Wasatch Advisors Inc. now owns 1,198,672 shares of the industrial products company’s stock worth $151,512,000 after purchasing an additional 203,366 shares during the period. Wells Fargo & Company MN raised its position in shares of RBC Bearings by 3.0% during the fourth quarter. Wells Fargo & Company MN now owns 647,973 shares of the industrial products company’s stock worth $81,904,000 after purchasing an additional 18,871 shares during the period. Finally, Royce & Associates LP raised its position in shares of RBC Bearings by 0.9% during the third quarter. Royce & Associates LP now owns 489,177 shares of the industrial products company’s stock worth $61,221,000 after purchasing an additional 4,200 shares during the period. 99.59% of the stock is currently owned by institutional investors.