Zacks Investment Research upgraded shares of RBC Bearings (NASDAQ:ROLL) from a hold rating to a buy rating in a research report report published on Friday. Zacks Investment Research currently has $142.00 target price on the industrial products company’s stock. 

According to Zacks, “Over the last six months, RBC Bearings’ shares outperformed the industry. In second-quarter fiscal 2018, the company’s earnings and revenues exceeded the year-ago tallies by 6.4% and 6.7%, respectively. The upside was primarily stemmed by strong industrial business. The company perceives that sturdier industrial original equipment manufacturers’ demand as well as increased industrial distribution and aftermarket sales will continue to drive results in the quarters ahead. Moreover, the company anticipates to record wider margins in the near-term quarters on the back of its ongoing consolidation programs and increased operational efficacy. Moreover, RBC Bearings is also steadily lowering its debt burden over time. Over the last 60 days, Zacks Consensus Estimate for the stock has moved north for both fiscal 2018 and 2019.”

ROLL has been the subject of several other research reports. Bank of America lifted their target price on shares of RBC Bearings from $120.00 to $140.00 and gave the company a buy rating in a report on Wednesday, November 8th. Drexel Hamilton started coverage on shares of RBC Bearings in a report on Thursday, December 21st. They issued a buy rating and a $140.00 target price for the company. BidaskClub downgraded shares of RBC Bearings from a buy rating to a hold rating in a report on Tuesday, December 12th. ValuEngine downgraded shares of RBC Bearings from a buy rating to a hold rating in a report on Friday, December 1st. Finally, CL King assumed coverage on shares of RBC Bearings in a report on Wednesday, November 29th. They issued a buy rating and a $142.00 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $141.00.


Shares of RBC Bearings (NASDAQ:ROLL) opened at $114.69 on Friday. RBC Bearings has a 1-year low of $88.70 and a 1-year high of $139.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.68 and a quick ratio of 1.64. The firm has a market cap of $2,880.00, a P/E ratio of 38.88, a P/E/G ratio of 5.59 and a beta of 1.28. 

In other RBC Bearings news, VP Richard J. Edwards sold 10,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $121.54, for a total value of $1,215,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael J. Hartnett sold 500 shares of the business’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $128.00, for a total transaction of $64,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,487 shares of company stock valued at $4,632,657. Insiders own 3.70% of the company’s stock. 

Several large investors have recently bought and sold shares of ROLL. Prudential Financial Inc. grew its stake in shares of RBC Bearings by 4.9% in the second quarter. Prudential Financial Inc. now owns 2,638 shares of the industrial products company’s stock worth $268,000 after acquiring an additional 124 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of RBC Bearings by 15.8% during the 2nd quarter. Principal Financial Group Inc. now owns 10,727 shares of the industrial products company’s stock worth $1,092,000 after purchasing an additional 1,463 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of RBC Bearings by 1.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 62,401 shares of the industrial products company’s stock worth $6,350,000 after purchasing an additional 1,080 shares during the last quarter. BlackRock Inc. lifted its position in shares of RBC Bearings by 2.8% during the 2nd quarter. BlackRock Inc. now owns 1,844,217 shares of the industrial products company’s stock worth $187,666,000 after purchasing an additional 49,694 shares during the last quarter. Finally, Amalgamated Bank lifted its position in shares of RBC Bearings by 6.7% during the 2nd quarter. Amalgamated Bank now owns 2,965 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 98.98% of the company’s stock.