William Blair reissued their outperform rating on shares of RBC Bearings (NASDAQ:ROLL) in a research note issued to investors on Thursday, May 31st. William Blair also issued estimates for RBC Bearings’ Q1 2019 earnings at $1.06 EPS, Q2 2019 earnings at $1.07 EPS, Q3 2019 earnings at $1.17 EPS, Q4 2019 earnings at $1.40 EPS, FY2019 earnings at $4.70 EPS and FY2020 earnings at $5.75 EPS.



A number of other research analysts also recently issued reports on ROLL. BidaskClub upgraded RBC Bearings from a sell rating to a hold rating in a report on Saturday, May 26th. Zacks Investment Research upgraded RBC Bearings from a hold rating to a buy rating and set a $142.00 price objective for the company in a report on Friday, February 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $139.40.



RBC Bearings traded up $1.15, hitting $128.50, during mid-day trading on Thursday, Marketbeat reports. The company had a trading volume of 75,400 shares, compared to its average volume of 83,047. RBC Bearings has a fifty-two week low of $98.55 and a fifty-two week high of $139.95. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 4.74 and a beta of 1.30. The company has a current ratio of 4.60, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18.



RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings results on Wednesday, May 30th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.05). RBC Bearings had a return on equity of 11.96% and a net margin of 12.91%. The business had revenue of $179.90 million during the quarter, compared to the consensus estimate of $175.57 million. During the same quarter last year, the company earned $0.90 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. sell-side analysts predict that RBC Bearings will post 4.65 earnings per share for the current year.



In other news, Director Richard R. Crowell sold 2,100 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $129.71, for a total value of $272,391.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Hartnett sold 37,900 shares of the firm’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $130.21, for a total value of $4,934,959.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 186,882 shares of company stock valued at $24,153,962. Corporate insiders own 3.70% of the company’s stock.



A number of large investors have recently added to or reduced their stakes in ROLL. Global X Management Co. LLC raised its holdings in 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 in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in 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 in the last quarter. Guggenheim Capital LLC acquired a new position in RBC Bearings in the 4th quarter valued at $276,000. SG Americas Securities LLC raised its holdings in RBC Bearings by 56.4% in the 4th quarter. SG Americas Securities LLC now owns 2,368 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 854 shares in the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new position in RBC Bearings in the 4th quarter valued at $312,000. 97.33% of the stock is owned by institutional investors and hedge funds.