Shares of RBC Bearings Incorporated (NASDAQ:ROLL) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $151.00.
A number of equities research analysts have recently weighed in on ROLL shares. BidaskClub raised RBC Bearings from a “hold” rating to a “buy” rating in a research note on Monday. ValuEngine raised RBC Bearings from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Zacks Investment Research raised RBC Bearings from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. SunTrust Banks raised their price target on RBC Bearings to $137.00 and gave the stock a “hold” rating in a research note on Friday, May 24th. Finally, William Blair reaffirmed an “outperform” rating on shares of RBC Bearings in a research note on Friday, May 24th.
RBC Bearings stock traded up $3.41 during mid-day trading on Wednesday, hitting $152.67. The company’s stock had a trading volume of 115,297 shares, compared to its average volume of 111,142. The company has a market cap of $3.79 billion, a P/E ratio of 31.54, a P/E/G ratio of 4.78 and a beta of 1.23. The company has a current ratio of 5.58, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04. RBC Bearings has a 52-week low of $123.50 and a 52-week high of $169.84.
In related news, CEO Michael J. Hartnett sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $150.46, for a total value of $421,288.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Amir Faghri sold 2,500 shares of the firm’s 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 disclosure for this sale can be found here. Insiders sold a total of 17,075 shares of company stock worth $2,445,102 over the last three months. 3.10% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of ROLL. IFP Advisors Inc raised its stake in shares of RBC Bearings by 66.7% in the 4th quarter. IFP Advisors Inc now owns 195 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 78 shares in the last quarter. Strs Ohio grew its holdings in RBC Bearings by 160.9% in the 4th quarter. Strs Ohio now owns 6,000 shares of the industrial products company’s stock valued at $786,000 after buying an additional 3,700 shares during the last quarter. Keybank National Association OH acquired a new stake in RBC Bearings in the 4th quarter valued at approximately $364,000. Rhumbline Advisers grew its holdings in RBC Bearings by 37.8% in the 4th quarter. Rhumbline Advisers now owns 35,095 shares of the industrial products company’s stock valued at $4,601,000 after buying an additional 9,634 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in RBC Bearings by 343.8% in the 4th quarter. SG Americas Securities LLC now owns 4,655 shares of the industrial products company’s stock valued at $610,000 after buying an additional 3,606 shares during the last quarter. 97.00% of the stock is currently owned by institutional investors and hedge funds.
About RBC Bearings
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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