RBC Bearings (ROLL) Given Outperform Rating at William Blair

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William Blair reiterated their outperform rating on shares of RBC Bearings (NASDAQ:ROLL) in a research report sent to investors on Friday morning, RTT News reports. William Blair also issued estimates for RBC Bearings’ Q1 2020 earnings at $1.22 EPS, Q2 2020 earnings at $1.22 EPS, Q3 2020 earnings at $1.40 EPS and Q4 2020 earnings at $1.60 EPS.

Other equities analysts have also recently issued research reports about the stock. BidaskClub cut shares of RBC Bearings from a sell rating to a strong sell rating in a research note on Saturday, March 30th. ValuEngine upgraded shares of RBC Bearings from a hold rating to a buy rating in a research note on Monday, April 29th. Finally, Zacks Investment Research upgraded shares of RBC Bearings from a sell rating to a hold rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $161.33.

ROLL opened at $147.25 on Friday. 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 stock has a market cap of $3.65 billion, a price-to-earnings ratio of 38.05, a P/E/G ratio of 4.53 and a beta of 1.35. RBC Bearings has a 52-week low of $114.03 and a 52-week high of $169.84.

RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Thursday, May 23rd. The industrial products company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.11. The business had revenue of $182.20 million for the quarter, compared to analysts’ expectations of $180.76 million. RBC Bearings had a net margin of 14.34% and a return on equity of 12.77%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 EPS. As a group, analysts expect that RBC Bearings will post 4.72 EPS for the current year.

In other news, Director Amir Faghri sold 2,500 shares of the 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 is available at the SEC website. 3.10% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Clearbridge Investments LLC increased its holdings in RBC Bearings by 66.4% in the 1st quarter. Clearbridge Investments LLC now owns 196,398 shares of the industrial products company’s stock worth $24,976,000 after acquiring an additional 78,378 shares in the last quarter. GYL Financial Synergies LLC purchased a new stake in RBC Bearings in the 1st quarter worth approximately $895,000. Advisory Services Network LLC increased its holdings in RBC Bearings by 20.8% in the 1st quarter. Advisory Services Network LLC now owns 697 shares of the industrial products company’s stock worth $89,000 after acquiring an additional 120 shares in the last quarter. Covenant Partners LLC purchased a new stake in RBC Bearings in the 1st quarter worth approximately $248,000. Finally, Jane Street Group LLC increased its holdings in RBC Bearings by 16.6% in the 1st quarter. Jane Street Group LLC now owns 2,979 shares of the industrial products company’s stock worth $379,000 after acquiring an additional 424 shares in the last quarter. Hedge funds and other institutional investors own 98.16% of the company’s stock.

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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