ValuEngine cut shares of RBC Bearings (NASDAQ:ROLL) from a buy rating to a hold rating in a report issued on Friday.

ROLL has been the topic of a number of other reports. Zacks Investment Research downgraded shares of RBC Bearings from a buy rating to a hold rating in a report on Thursday, August 24th. BidaskClub raised shares of RBC Bearings from a sell rating to a hold rating in a report on Saturday, August 19th. Bank of America increased their price objective on shares of RBC Bearings from $120.00 to $140.00 and gave the company a buy rating in a report on Wednesday, November 8th. Finally, CL King started coverage on shares of RBC Bearings in a report on Wednesday, November 29th. They set a buy rating and a $142.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $139.33.

Shares of RBC Bearings (NASDAQ ROLL) traded down $0.59 during midday trading on Friday, reaching $131.12. 81,900 shares of the company were exchanged, compared to its average volume of 88,167. RBC Bearings has a 12-month low of $83.80 and a 12-month high of $139.95. The stock has a market capitalization of $3,193.33, a P/E ratio of 39.08, a PEG ratio of 6.18 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.68 and a quick ratio of 1.64.

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

In other RBC Bearings news, VP Thomas C. Crainer sold 15,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $120.76, for a total transaction of $1,811,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Richard J. Edwards sold 10,000 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $121.54, for a total transaction of $1,215,400.00. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ROLL. Teachers Advisors LLC raised its position in shares of RBC Bearings by 2.0% in the first quarter. Teachers Advisors LLC now owns 44,429 shares of the industrial products company’s stock valued at $4,314,000 after buying an additional 877 shares during the last quarter. Aperio Group LLC raised its position in shares of RBC Bearings by 10.1% in 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. US Bancorp DE increased its position in RBC Bearings by 4.9% during the second quarter. US Bancorp DE now owns 15,486 shares of the industrial products company’s stock worth $1,576,000 after purchasing an additional 724 shares during the last quarter. Russell Investments Group Ltd. increased its position in RBC Bearings by 311.9% during the second quarter. Russell Investments Group Ltd. now owns 88,067 shares of the industrial products company’s stock worth $8,962,000 after purchasing an additional 66,685 shares during the last quarter. Finally, Strs Ohio increased its position in RBC Bearings by 71.4% during 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 during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

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RBC Bearings Company Profile

RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.

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