BidaskClub downgraded shares of RBC Bearings (NASDAQ:ROLL) from a hold rating to a sell rating in a research note issued to investors on Wednesday, May 2nd.

Separately, Zacks Investment Research cut shares of RBC Bearings from a buy rating to a hold rating in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $141.00.



NASDAQ ROLL traded up $0.76 during trading hours on Wednesday, hitting $120.76. The company had a trading volume of 844 shares, compared to its average volume of 70,359. 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 has a 1-year low of $119.49 and a 1-year high of $122.51. The company has a market capitalization of $2.93 billion, a PE ratio of 32.64, a P/E/G ratio of 4.38 and a beta of 1.28.



RBC Bearings (NASDAQ:ROLL) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.19. The business had revenue of $166.86 million during 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 business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 earnings per share. research analysts expect that RBC Bearings will post 3.91 earnings per share for the current year.



In related news, Director Alan B. Levine sold 4,900 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael J. Hartnett sold 3,300 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $128.00, for a total transaction of $422,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,989 shares of company stock worth $11,736,880. 3.70% of the stock is owned by company insiders.



Institutional investors and hedge funds have recently made changes to their positions in the business. Global X Management Co. LLC boosted its holdings 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 purchasing an additional 705 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of RBC Bearings by 58.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,857 shares of the industrial products company’s stock valued at $231,000 after acquiring an additional 687 shares during the period. Guggenheim Capital LLC purchased a new stake in RBC Bearings during the 4th quarter worth $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 buying an additional 854 shares during the period. Finally, Xact Kapitalforvaltning AB purchased a new stake in RBC Bearings during the 4th quarter worth $312,000. Institutional investors own 99.43% of the company’s stock.