Shares of RBC Bearings Incorporated (NASDAQ:ROLL) have been given an average rating of “Hold” by the seven research firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $151.00.

ROLL has been the subject of several analyst reports. ValuEngine raised shares of RBC Bearings from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. William Blair reaffirmed an “outperform” rating on shares of RBC Bearings in a research note on Friday, May 24th. BidaskClub downgraded shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Finally, SunTrust Banks boosted their target price on shares of RBC Bearings to $137.00 and gave the stock a “hold” rating in a research note on Friday, May 24th.

ROLL stock traded up $3.30 during trading on Friday, hitting $165.99. 85,936 shares of the stock traded hands, compared to its average volume of 89,572. RBC Bearings has a one year low of $123.50 and a one year high of $171.54. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 5.28 and a beta of 1.23. The company has a 50 day simple moving average of $159.63 and a 200 day simple moving average of $148.24. The company has a current ratio of 5.15, a quick ratio of 1.72 and a debt-to-equity ratio of 0.05.

RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.04. RBC Bearings had a net margin of 15.26% and a return on equity of 12.82%. The firm had revenue of $182.69 million during the quarter, compared to the consensus estimate of $183.13 million. During the same period last year, the firm posted $1.15 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts predict that RBC Bearings will post 5.3 earnings per share for the current fiscal year.

In other RBC Bearings news, CFO Daniel A. Bergeron sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $157.74, for a total value of $3,154,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Obrien sold 1,800 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $152.25, for a total transaction of $274,050.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,331 shares of company stock valued at $15,010,944. Insiders own 3.50% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of RBC Bearings by 3.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,471,067 shares of the industrial products company’s stock worth $412,200,000 after buying an additional 84,744 shares during the last quarter. BlackRock Inc. raised its stake in shares of RBC Bearings by 1.9% during the second quarter. BlackRock Inc. now owns 2,060,806 shares of the industrial products company’s stock worth $343,763,000 after buying an additional 37,704 shares during the last quarter. Wasatch Advisors Inc. raised its stake in shares of RBC Bearings by 11.7% during the second quarter. Wasatch Advisors Inc. now owns 1,630,566 shares of the industrial products company’s stock worth $271,995,000 after buying an additional 170,692 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of RBC Bearings by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 570,808 shares of the industrial products company’s stock worth $74,833,000 after buying an additional 11,258 shares during the last quarter. Finally, GW&K Investment Management LLC raised its stake in shares of RBC Bearings by 15.3% during the second quarter. GW&K Investment Management LLC now owns 551,744 shares of the industrial products company’s stock worth $92,036,000 after buying an additional 73,098 shares during the last quarter. 98.53% of the stock is owned by institutional investors and hedge funds.

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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