RBC Bearings Incorporated (NASDAQ:ROLL) has received an average rating of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $140.67.

Several research analysts recently issued reports on the stock. BidaskClub downgraded shares of RBC Bearings from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research cut RBC Bearings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th.

In other RBC Bearings news, CEO Michael J. Hartnett sold 24,218 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $128.02, for a total transaction of $3,100,388.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Patrick S. Bannon sold 447 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $124.00, for a total value of $55,428.00. The disclosure for this sale can be found here. Insiders have sold a total of 92,989 shares of company stock valued at $11,736,880 over the last three months. Company insiders own 3.70% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Global X Management Co. LLC increased its stake in shares of RBC Bearings by 75.0% in the 4th quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company’s stock valued at $208,000 after acquiring an additional 705 shares during the last quarter. Whittier Trust Co. of Nevada Inc. 

increased its stake in RBC Bearings by 58.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,857 shares of the industrial products company’s stock worth $231,000 after purchasing an additional 687 shares in the last quarter. Guggenheim Capital LLC bought a new stake in RBC Bearings during the 4th quarter worth approximately $276,000. SG Americas Securities LLC increased its stake in RBC Bearings by 56.4% during the 4th quarter. SG Americas Securities LLC now owns 2,368 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 854 shares in the last quarter. Finally, Xact Kapitalforvaltning AB bought a new stake in RBC Bearings during the 4th quarter worth approximately $312,000. 99.43% of the stock is owned by hedge funds and other institutional investors.

NASDAQ ROLL traded up $2.82 on Monday, hitting $117.80. 81,944 shares of the company were exchanged, compared to its average volume of 82,814. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 37.16, a price-to-earnings-growth ratio of 4.18 and a beta of 1.28. The company has a quick ratio of 1.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.23. RBC Bearings has a 1-year low of $94.97 and a 1-year high of $139.95.

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