RBC Bearings (ROLL) Stock Rating Upgraded by BidaskClub
Resource from: https://stocknewstimes.com/2018/03/21/rbc-bearings-roll-upgraded-by-bidaskclub-to-hold.html Likes:171
Mar 22,2018
BidaskClub upgraded shares of RBC Bearings (NASDAQ:ROLL) from a sell rating to a hold rating in a research report sent to investors on Wednesday, March 14th.
A number of other research firms also recently weighed in on ROLL. ValuEngine downgraded shares of RBC Bearings from a buy rating to a hold rating in a research note on Friday, December 1st. 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 research report on Tuesday, January 23rd. 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 target price on the stock. Finally, Drexel Hamilton assumed coverage on shares of RBC Bearings in a report on Thursday, December 21st. They set a buy rating and a $140.00 price target for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. RBC Bearings has a consensus rating of Buy and a consensus price target of $141.00.
RBC Bearings (NASDAQ:ROLL) traded down $0.25 during trading hours on Wednesday, hitting $127.25. The stock had a trading volume of 19,188 shares, compared to its average volume of 86,301. The company has a market capitalization of $3,056.59, a price-to-earnings ratio of 34.10, a PEG ratio of 5.48 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 has a 52 week low of $90.00 and a 52 week high of $139.95.
RBC Bearings (NASDAQ:ROLL) last released its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.19. The firm had revenue of $166.86 million during the quarter, compared to the consensus estimate of $163.46 million. RBC Bearings had a return on equity of 11.79% and a net margin of 12.52%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. sell-side analysts forecast that RBC Bearings will post 3.91 EPS for the current fiscal year.
In other news, insider Michael J. Hartnett sold 27,421 shares of RBC Bearings stock in a transaction on Monday, March 12th. The shares were sold at an average price of $128.06, for a total transaction of $3,511,533.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alan B. Levine sold 4,900 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $115.70, for a total transaction of $566,930.00. The disclosure for this sale can be found here. In the last three months, insiders sold 90,689 shares of company stock valued at $11,442,480. 3.70% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of ROLL. SG Americas Securities LLC acquired a new stake in RBC Bearings in the 3rd quarter valued at $189,000. Global X Management Co. LLC increased its stake in shares of RBC Bearings by 75.0% during the 4th quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company’s stock worth $208,000 after purchasing an additional 705 shares during the last quarter. Comerica Bank acquired a new position in shares of RBC Bearings during the 3rd quarter worth about $230,000. Teacher Retirement System of Texas acquired a new position in shares of RBC Bearings during the 3rd quarter worth about $251,000. Finally, Guggenheim Capital LLC acquired a new position in shares of RBC Bearings during the 4th quarter worth about $276,000. Hedge funds and other institutional investors own 99.41% of the company’s stock.
(https://stocknewstimes.com/2018/03/21/rbc-bearings-roll-upgraded-by-bidaskclub-to-hold.html)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
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