BidaskClub upgraded shares of RBC Bearings (NASDAQ:ROLL) from a sell rating to a hold rating in a research report sent to investors on Wednesday, March 14th.

A number of other research firms also recently weighed in on ROLL. ValuEngine downgraded shares of RBC Bearings from a buy rating to a hold rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of RBC Bearings from a hold rating to a buy rating and set a $144.00 target price on the stock in a research report on Tuesday, January 23rd. CL King began coverage on shares of RBC Bearings in a research report on Wednesday, November 29th. They set a buy rating and a $142.00 target price on the stock. Finally, Drexel Hamilton assumed coverage on shares of RBC Bearings in a report on Thursday, December 21st. They set a buy rating and a $140.00 price target for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. RBC Bearings has a consensus rating of Buy and a consensus price target of $141.00.

RBC Bearings (NASDAQ:ROLL) traded down $0.25 during trading hours on Wednesday, hitting $127.25. The stock had a trading volume of 19,188 shares, compared to its average volume of 86,301. The company has a market capitalization of $3,056.59, a price-to-earnings ratio of 34.10, a PEG ratio of 5.48 and a beta of 1.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.65 and a quick ratio of 1.65. RBC Bearings has a 52 week low of $90.00 and a 52 week high of $139.95. 

RBC Bearings (NASDAQ:ROLL) last released its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.19. The firm had revenue of $166.86 million during the quarter, compared to the consensus estimate of $163.46 million. RBC Bearings had a return on equity of 11.79% and a net margin of 12.52%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. sell-side analysts forecast that RBC Bearings will post 3.91 EPS for the current fiscal year. 

In other news, insider Michael J. Hartnett sold 27,421 shares of RBC Bearings stock in a transaction on Monday, March 12th. The shares were sold at an average price of $128.06, for a total transaction of $3,511,533.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alan B. Levine sold 4,900 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $115.70, for a total transaction of $566,930.00. The disclosure for this sale can be found here. In the last three months, insiders sold 90,689 shares of company stock valued at $11,442,480. 3.70% of the stock is currently owned by company insiders. 

A number of hedge funds have recently modified their holdings of ROLL. SG Americas Securities LLC acquired a new stake in RBC Bearings in the 3rd quarter valued at $189,000. Global X Management Co. LLC increased its stake in shares of RBC Bearings by 75.0% during the 4th quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company’s stock worth $208,000 after purchasing an additional 705 shares during the last quarter. Comerica Bank acquired a new position in shares of RBC Bearings during the 3rd quarter worth about $230,000. Teacher Retirement System of Texas acquired a new position in shares of RBC Bearings during the 3rd quarter worth about $251,000. Finally, Guggenheim Capital LLC acquired a new position in shares of RBC Bearings during the 4th quarter worth about $276,000. Hedge funds and other institutional investors own 99.41% of the company’s stock.