RBC Bearings Incorporated (ROLL) Receives Consensus Rating of “Hold” from Brokerages

Release Time：19 Jan,2018

<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180119/20180119162433_67128.jpg" alt="" /> </p> <p> Shares of RBC Bearings Incorporated (NASDAQ:ROLL) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $140.67.&nbsp; </p> <br /> A number of research firms recently commented on ROLL. Zacks Investment Research downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. BidaskClub cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Drexel Hamilton initiated coverage on RBC Bearings in a research note on Thursday, December 21st. They set a “buy” rating and a $140.00 price objective on the stock. ValuEngine cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Bank of America boosted their price objective on RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th.<br /> <br /> In other news, VP Thomas C. Crainer sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $120.76, for a total transaction of $1,811,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael J. Hartnett sold 1,687 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $128.28, for a total value of $216,408.36. The disclosure for this sale can be found here. Insiders have sold 36,487 shares of company stock worth $4,504,657 over the last three months. 3.70% of the stock is currently owned by insiders.&nbsp;<br /> <br /> Several institutional investors and hedge funds have recently added to or reduced their stakes in ROLL. Aperio Group LLC grew its stake in shares of RBC Bearings by 10.1% during the second quarter. Aperio Group LLC now owns 3,663 shares of the industrial products company’s stock valued at $373,000 after buying an additional 337 shares during the last quarter. Strs Ohio grew its stake in RBC Bearings by 71.4% in the second quarter. Strs Ohio now owns 1,200 shares of the industrial products company’s stock worth $122,000 after purchasing an additional 500 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in RBC Bearings by 4.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 127,253 shares of the industrial products company’s stock worth $12,950,000 after purchasing an additional 5,046 shares in the last quarter. Rhumbline Advisers grew its stake in RBC Bearings by 0.9% in the second quarter. Rhumbline Advisers now owns 30,505 shares of the industrial products company’s stock worth $3,104,000 after purchasing an additional 281 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in RBC Bearings by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 175,745 shares of the industrial products company’s stock worth $17,885,000 after purchasing an additional 1,774 shares in the last quarter. 97.89% of the stock is currently owned by hedge funds and other institutional investors.&nbsp;<br /> <br /> RBC Bearings (NASDAQ:ROLL) traded up $0.28 during trading hours on Tuesday, hitting $126.27. The company had a trading volume of 103,500 shares, compared to its average volume of 88,624. The company has a quick ratio of 1.64, a current ratio of 4.68 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $3,061.44, a P/E ratio of 42.80, a P/E/G ratio of 5.93 and a beta of 1.34. RBC Bearings has a 12 month low of $87.61 and a 12 month high of $139.95.&nbsp;<br /> <br /> RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Friday, November 3rd. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The firm had revenue of $164.30 million during the quarter, compared to analysts’ expectations of $164.56 million. RBC Bearings had a return on equity of 11.10% and a net margin of 11.18%. RBC Bearings’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. equities research analysts predict that RBC Bearings will post 3.63 earnings per share for the current year.&nbsp;<br /> <div style="white-space:nowrap;"> <br /> </div>