RBC Bearings (ROLL) Stock Rating Lowered by BidaskClub

RBC Bearings (NASDAQ:ROLL) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, August 4th.

A number of other research firms have also commented on ROLL. Zacks Investment Research upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $159.00 price objective on the stock in a research note on Tuesday, July 31st. SunTrust Banks started coverage on shares of RBC Bearings in a research note on Wednesday, June 20th. They issued a “hold” rating and a $133.00 price objective on the stock. Finally, William Blair restated an “outperform” rating on shares of RBC Bearings in a research note on Thursday, May 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $142.80.

NASDAQ ROLL traded up $0.37 during trading on Friday, reaching $140.24. The company’s stock had a trading volume of 80,163 shares, compared to its average volume of 82,743. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.12 and a current ratio of 5.79. The firm has a market cap of $3.44 billion, a PE ratio of 36.31, a P/E/G ratio of 5.04 and a beta of 1.39. RBC Bearings has a twelve month low of $102.33 and a twelve month high of $151.50.

RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.10. The company had revenue of $176.00 million for the quarter, compared to analyst estimates of $174.32 million. RBC Bearings had a net margin of 13.51% and a return on equity of 12.29%. RBC Bearings’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. research analysts predict that RBC Bearings will post 4.73 earnings per share for the current year.

In related news, insider Michael J. Hartnett sold 105,202 shares of the business’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $128.34, for a total transaction of $13,501,624.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard R. Crowell sold 2,100 shares of the business’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $129.71, for a total transaction of $272,391.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 368,485 shares of company stock worth $49,245,620. Insiders own 3.10% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in RBC Bearings by 31.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,628 shares of the industrial products company’s stock worth $210,000 after buying an additional 391 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of RBC Bearings by 58.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,857 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 687 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in shares of RBC Bearings in the fourth quarter valued at about $276,000. Xact Kapitalforvaltning AB purchased a new stake in shares of RBC Bearings in the fourth quarter valued at about $312,000. Finally, Ramsey Quantitative Systems purchased a new stake in shares of RBC Bearings in the second quarter valued at about $319,000. 97.32% of the stock is currently owned by hedge funds and other institutional investors.