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.

ROLL has been the topic of several other reports. Bank of America raised their target price on shares of RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Drexel Hamilton initiated coverage on shares of RBC Bearings in a report on Thursday, December 21st. They set a “buy” rating and a $140.00 target price on the stock. 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 report on Tuesday, January 23rd. ValuEngine lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, 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 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $141.00.



Shares of RBC Bearings (NASDAQ:ROLL) traded down $1.41 on Friday, hitting $120.50. 101,524 shares of the stock traded hands, compared to its average volume of 89,911. RBC Bearings has a 12 month low of $88.70 and a 12 month high of $139.95. The company has a market capitalization of $3,058.53, a PE ratio of 36.07, a PEG ratio of 5.49 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 (NASDAQ:ROLL) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $166.86 million for the quarter, compared to analysts’ expectations of $163.46 million. During the same period last year, the firm earned $0.73 earnings per share. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. sell-side analysts forecast that RBC Bearings will post 3.91 EPS for the current year. 



In related news, Director Alan B. Levine sold 4,900 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $115.70, for a total transaction of $566,930.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael J. Hartnett sold 3,500 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $128.79, for a total transaction of $450,765.00. The disclosure for this sale can be found here. Insiders have sold a total of 37,387 shares of company stock worth $4,653,387 in the last quarter. 3.70% of the stock is currently owned by company insiders. 



Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wasatch Advisors Inc. boosted its position in RBC Bearings by 131.3% in the second quarter. Wasatch Advisors Inc. now owns 858,702 shares of the industrial products company’s stock valued at $87,382,000 after buying an additional 487,495 shares in the last quarter. Janus Henderson Group PLC boosted its position in RBC Bearings by 56.1% in the second quarter. Janus Henderson Group PLC now owns 492,837 shares of the industrial products company’s stock valued at $50,151,000 after buying an additional 177,117 shares in the last quarter. BlackRock Inc. boosted its position in RBC Bearings by 3.8% in the fourth quarter. BlackRock Inc. now owns 2,066,687 shares of the industrial products company’s stock valued at $261,229,000 after buying an additional 76,161 shares in the last quarter. Port Capital LLC acquired a new stake in RBC Bearings in the fourth quarter valued at approximately $9,544,000. Finally, Cortina Asset Management LLC acquired a new stake in RBC Bearings in the fourth quarter valued at approximately $9,120,000. Institutional investors and hedge funds own 98.00% of the company’s stock.