RBC Bearings (NASDAQ:ROLL) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, February 3rd.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of RBC Bearings from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Drexel Hamilton initiated coverage on shares of RBC Bearings in a research report on Thursday, December 21st. They issued a “buy” rating and a $140.00 price objective on the stock. Bank of America boosted their price objective on shares of RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. CL King assumed coverage on shares of RBC Bearings in a research note on Wednesday, November 29th. They issued a “buy” rating and a $142.00 target price for the company. Finally, ValuEngine downgraded shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $141.00.

Shares of RBC Bearings (NASDAQ:ROLL) opened at $121.92 on Friday. RBC Bearings has a 1 year low of $88.70 and a 1 year high of $139.95. The company has a quick ratio of 1.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.23. The company has a market cap of $2,960.00, a PE ratio of 35.65, a P/E/G ratio of 5.37 and a beta of 1.28. 

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

In other news, CEO Michael J. Hartnett sold 3,500 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $128.79, for a total transaction of $450,765.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan B. Levine sold 4,900 shares of the company’s stock in a transaction dated 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. Insiders sold a total of 17,387 shares of company stock valued at $2,172,787 in the last three months. 3.70% of the stock is currently owned by corporate insiders. 

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of RBC Bearings by 1.3% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,287,621 shares of the industrial products company’s stock valued at $286,296,000 after acquiring an additional 29,134 shares during the last quarter. BlackRock Inc. increased its stake in shares of RBC Bearings by 3.8% during the 4th quarter. BlackRock Inc. now owns 2,066,687 shares of the industrial products company’s stock valued at $261,229,000 after acquiring an additional 76,161 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of RBC Bearings by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,817,613 shares of the industrial products company’s stock valued at $184,960,000 after acquiring an additional 12,863 shares during the last quarter. Wasatch Advisors Inc. increased its stake in shares of RBC Bearings by 20.4% during the 4th quarter. Wasatch Advisors Inc. now owns 1,198,672 shares of the industrial products company’s stock valued at $151,512,000 after acquiring an additional 203,366 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of RBC Bearings by 3.0% during the 4th quarter. Wells Fargo & Company MN now owns 647,973 shares of the industrial products company’s stock valued at $81,904,000 after acquiring an additional 18,871 shares during the last quarter. 98.00% of the stock is owned by institutional investors.