Zacks Investment Research upgraded shares of RBC Bearings (NASDAQ:ROLL) from a hold rating to a buy rating in a research note issued to investors on Tuesday, January 23rd. The firm currently has $144.00 price target 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.”

ROLL has been the subject of a number of other reports. BidaskClub downgraded shares of RBC Bearings from a buy rating to a hold rating in a research note on Tuesday, December 12th. Drexel Hamilton assumed coverage on shares of RBC Bearings in a research report on Thursday, December 21st. They set a buy rating and a $140.00 price target on the stock. ValuEngine downgraded shares of RBC Bearings from a buy rating to a hold rating in a research note on Friday, December 1st. Bank of America upped their price target on shares of RBC Bearings from $120.00 to $140.00 and gave the company a buy rating in a research note on Wednesday, November 8th. Finally, CL King began 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $141.50.

RBC Bearings (ROLL) traded down $0.98 during trading on Tuesday, hitting $126.87. 14,087 shares of the stock were exchanged, compared to its average volume of 85,343. RBC Bearings has a fifty-two week low of $88.70 and a fifty-two week high of $139.95. The company has a quick ratio of 1.64, a current ratio of 4.68 and a debt-to-equity ratio of 0.26. The company has a market cap of $3,151.88, a P/E ratio of 43.34, a P/E/G ratio of 5.93 and a beta of 1.35. 

RBC Bearings (NASDAQ:ROLL) last issued its earnings results on Friday, November 3rd. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). RBC Bearings had a net margin of 11.18% and a return on equity of 11.10%. The business had revenue of $164.30 million for the quarter, compared to analyst estimates of $164.56 million. During the same quarter last year, the firm posted $0.78 earnings per share. RBC Bearings’s revenue was up 6.8% on a year-over-year basis. equities research analysts anticipate that RBC Bearings will post 3.74 EPS for the current year. 

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of RBC Bearings in the 3rd quarter worth approximately $189,000. Comerica Bank bought a new stake in RBC Bearings during the 3rd quarter valued at $230,000. Strs Ohio raised its position in shares of RBC Bearings by 58.3% in the 3rd quarter. Strs Ohio now owns 1,900 shares of the industrial products company’s stock worth $237,000 after acquiring an additional 700 shares in the last quarter. Parametrica Management Ltd bought a new position in shares of RBC Bearings in the 3rd quarter worth $238,000. Finally, Teacher Retirement System of Texas bought a new position in shares of RBC Bearings in the 3rd quarter worth $251,000. 98.64% of the stock is currently owned by hedge funds and other institutional investors.