RBC Bearings (NASDAQ:ROLL) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of RBC Bearings (NASDAQ:ROLL) from a hold rating to a sell rating in a report published on Thursday morning, BidAskClub reports.

ROLL has been the subject of a number of other research reports. ValuEngine upgraded RBC Bearings from a hold rating to a buy rating in a research report on Monday, November 4th. Bank of America downgraded RBC Bearings from a neutral rating to an underperform rating and set a $165.00 target price for the company. in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $151.00.

Shares of ROLL traded up $3.94 during trading hours on Thursday, reaching $161.89. 76,329 shares of the company’s stock traded hands, compared to its average volume of 101,561. The stock has a market cap of $4.03 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 5.26 and a beta of 1.19. The company has a current ratio of 5.14, a quick ratio of 1.73 and a debt-to-equity ratio of 0.05. The firm’s 50 day simple moving average is $161.13 and its 200-day simple moving average is $157.47. RBC Bearings has a 12 month low of $123.50 and a 12 month high of $171.54.

RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.08. The firm had revenue of $181.91 million during the quarter, compared to the consensus estimate of $180.93 million. RBC Bearings had a return on equity of 12.61% and a net margin of 15.23%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $1.22 EPS. As a group, analysts expect that RBC Bearings will post 5.22 earnings per share for the current fiscal year.

In related news, Director Steven H. Kaplan sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $163.88, for a total value of $32,776.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas J. Obrien sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $152.25, for a total value of $274,050.00. The disclosure for this sale can be found here. Insiders sold a total of 35,845 shares of company stock valued at $5,731,643 in the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in ROLL. Tower Research Capital LLC TRC bought a new stake in RBC Bearings in the 3rd quarter worth approximately $31,000. Kavar Capital Partners LLC bought a new stake in RBC Bearings in the 2nd quarter worth approximately $32,000. Quest Capital Management Inc. ADV bought a new stake in RBC Bearings in the 3rd quarter worth approximately $52,000. Squar Milner Financial Services LLC lifted its position in RBC Bearings by 529.6% in the 3rd quarter. Squar Milner Financial Services LLC now owns 447 shares of the industrial products company’s stock worth $74,000 after buying an additional 376 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC lifted its position in RBC Bearings by 9.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 914 shares of the industrial products company’s stock worth $152,000 after buying an additional 76 shares during the last quarter. Institutional investors own 99.39% 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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