Zacks Investment Research upgraded shares of RBC Bearings (NASDAQ:ROLL) from a hold rating to a buy rating in a research note issued to investors on Tuesday, January 23rd. They currently have $144.00 target price on the industrial products company’s stock. 

According to Zacks, “Over the last six months, RBC Bearings’ shares outperformed the industry. In second-quarter fiscal 2018, the company’s earnings and revenues exceeded the year-ago tallies by 6.4% and 6.7%, respectively. The upside was primarily stemmed by strong industrial business. The company perceives that sturdier industrial original equipment manufacturers’ demand as well as increased industrial distribution and aftermarket sales will continue to drive results in the quarters ahead. Moreover, the company anticipates to record wider margins in the near-term quarters on the back of its ongoing consolidation programs and increased operational efficacy. Moreover, RBC Bearings is also steadily lowering its debt burden over time.”

A number of other equities analysts have also weighed in on the company. Drexel Hamilton started coverage on RBC Bearings in a research report on Thursday, December 21st. They set a buy rating and a $140.00 target price on the stock. BidaskClub lowered RBC Bearings from a strong-buy rating to a buy rating in a research report on Wednesday, December 6th. Bank of America increased their price target on RBC Bearings from $120.00 to $140.00 and gave the company a buy rating in a research report on Wednesday, November 8th. CL King began coverage on RBC Bearings in a research note on Wednesday, November 29th. They issued a buy rating and a $142.00 price objective for the company. Finally, ValuEngine downgraded RBC Bearings from a buy rating to a hold rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $141.00.

Shares of RBC Bearings (ROLL) opened at $118.39 on Tuesday. RBC Bearings has a twelve month low of $88.70 and a twelve month high of $139.95. The company has a quick ratio of 1.64, a current ratio of 4.65 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2,916.68, a P/E ratio of 35.03, a P/E/G ratio of 5.35 and a beta of 1.29. 

RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $166.86 million for the quarter, compared to analyst estimates of $163.46 million. During the same period in the previous year, the firm earned $0.73 earnings per share. The company’s revenue was up 13.8% compared to the same quarter last year. equities analysts predict that RBC Bearings will post 3.83 EPS for the current fiscal year. 

In other RBC Bearings news, insider Michael J. Hartnett sold 500 shares of the firm’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $128.00, for a total value of $64,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Hartnett sold 1,687 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was 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 a total of 27,487 shares of company stock valued at $3,417,257 in the last quarter. 3.70% of the stock is owned by corporate insiders. 

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in shares of RBC Bearings in the 3rd quarter valued at about $189,000. Global X Management Co. LLC raised its holdings in shares of RBC Bearings by 75.0% during the 4th quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company’s stock valued at $208,000 after buying an additional 705 shares in the last quarter. Comerica Bank purchased a new position in shares of RBC Bearings during the 3rd quarter valued at about $230,000. Strs Ohio raised its holdings in shares of RBC Bearings by 58.3% during the 3rd 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, Parametrica Management Ltd purchased a new position in shares of RBC Bearings during the 3rd quarter valued at about $238,000. 98.98% of the stock is currently owned by hedge funds and other institutional investors.