Shares of RBC Bearings Incorporated (NASDAQ:ROLL) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $140.67. 

A number of research firms recently commented on ROLL. Zacks Investment Research downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. BidaskClub cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Drexel Hamilton initiated coverage on RBC Bearings in a research note on Thursday, December 21st. They set a “buy” rating and a $140.00 price objective on the stock. ValuEngine cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Bank of America boosted their price objective on RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th.

In other news, VP Thomas C. Crainer sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $120.76, for a total transaction of $1,811,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael J. Hartnett sold 1,687 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $128.28, for a total value of $216,408.36. The disclosure for this sale can be found here. Insiders have sold 36,487 shares of company stock worth $4,504,657 over the last three months. 3.70% of the stock is currently owned by insiders. 

Several institutional investors and hedge funds have recently added to or reduced their stakes in ROLL. Aperio Group LLC grew its stake in shares of RBC Bearings by 10.1% during the second quarter. Aperio Group LLC now owns 3,663 shares of the industrial products company’s stock valued at $373,000 after buying an additional 337 shares during the last quarter. Strs Ohio grew its stake in RBC Bearings by 71.4% in the second quarter. Strs Ohio now owns 1,200 shares of the industrial products company’s stock worth $122,000 after purchasing an additional 500 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in RBC Bearings by 4.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 127,253 shares of the industrial products company’s stock worth $12,950,000 after purchasing an additional 5,046 shares in the last quarter. Rhumbline Advisers grew its stake in RBC Bearings by 0.9% in the second quarter. Rhumbline Advisers now owns 30,505 shares of the industrial products company’s stock worth $3,104,000 after purchasing an additional 281 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in RBC Bearings by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 175,745 shares of the industrial products company’s stock worth $17,885,000 after purchasing an additional 1,774 shares in the last quarter. 97.89% of the stock is currently owned by hedge funds and other institutional investors. 

RBC Bearings (NASDAQ:ROLL) traded up $0.28 during trading hours on Tuesday, hitting $126.27. The company had a trading volume of 103,500 shares, compared to its average volume of 88,624. The company has a quick ratio of 1.64, a current ratio of 4.68 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $3,061.44, a P/E ratio of 42.80, a P/E/G ratio of 5.93 and a beta of 1.34. RBC Bearings has a 12 month low of $87.61 and a 12 month high of $139.95. 

RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Friday, November 3rd. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The firm had revenue of $164.30 million during the quarter, compared to analysts’ expectations of $164.56 million. RBC Bearings had a return on equity of 11.10% and a net margin of 11.18%. RBC Bearings’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. equities research analysts predict that RBC Bearings will post 3.63 earnings per share for the current year.