RBC Bearings Incorporated (NASDAQ:ROLL) has earned an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $149.00.

Several equities analysts have issued reports on ROLL shares. Zacks Investment Research reiterated a “buy” rating and issued a $182.00 target price on shares of RBC Bearings in a research note on Thursday, November 15th. ValuEngine upgraded RBC Bearings from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. BidaskClub lowered RBC Bearings from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Bank of America lowered RBC Bearings from a “buy” rating to a “neutral” rating and set a $165.00 target price on the stock. in a research note on Wednesday, November 14th. They noted that the move was a valuation call. Finally, William Blair reiterated an “outperform” rating on shares of RBC Bearings in a research note on Thursday, September 27th.

Shares of ROLL stock traded down $1.28 on Friday, hitting $130.99. The stock had a trading volume of 8,194 shares, compared to its average volume of 118,504. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.71 and a quick ratio of 2.13. The company has a market capitalization of $3.22 billion, a P/E ratio of 33.77, a PEG ratio of 4.59 and a beta of 1.42. RBC Bearings has a one year low of $111.61 and a one year high of $169.84.

RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings data on Friday, November 2nd. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.14. The firm had revenue of $172.92 million during the quarter, compared to the consensus estimate of $174.30 million. RBC Bearings had a return on equity of 12.94% and a net margin of 15.54%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. On average, analysts anticipate that RBC Bearings will post 4.83 earnings per share for the current fiscal year.

In other news, Director Alan B. Levine sold 1,084 shares of the business’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $150.00, for a total transaction of $162,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.10% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. First Hawaiian Bank grew its stake in shares of RBC Bearings by 55.7% during the fourth quarter. First Hawaiian Bank now owns 699 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 250 shares during the last quarter. Parallel Advisors LLC boosted its position in RBC Bearings by 280.0% in the third quarter. Parallel Advisors LLC now owns 741 shares of the industrial products company’s stock valued at $111,000 after buying an additional 546 shares during the last quarter. Quantbot Technologies LP purchased a new stake in RBC Bearings in the third quarter valued at approximately $120,000. Synovus Financial Corp boosted its position in RBC Bearings by 164.0% in the third quarter. Synovus Financial Corp now owns 940 shares of the industrial products company’s stock valued at $141,000 after buying an additional 584 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its position in RBC Bearings by 14,935.9% in the third quarter. Rehmann Capital Advisory Group now owns 31,425 shares of the industrial products company’s stock valued at $209,000 after buying an additional 31,216 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

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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