Posted by admin on Apr 11th, 2022
RBC Bearings Incorporated (NASDAQ:ROLL – Get Rating) has received a consensus recommendation of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $227.00.
Several equities analysts recently issued reports on ROLL shares. The Goldman Sachs Group started coverage on RBC Bearings in a research report on Monday, December 20th. They issued a “neutral” rating and a $217.00 target price on the stock. Zacks Investment Research upgraded RBC Bearings from a “hold” rating to a “buy” rating and set a $186.00 target price on the stock in a research note on Monday, February 14th. Wells Fargo & Company initiated coverage on RBC Bearings in a report on Friday, March 11th. They set an “overweight” rating and a $235.00 target price on the stock. Royal Bank of Canada initiated coverage on RBC Bearings in a research report on Thursday, February 17th. They issued a “buy” rating and a $218.00 price objective on the stock. Finally, StockNews.com upgraded RBC Bearings from a “sell” rating to a “hold” rating in a research report on Friday.
Hedge funds have recently made changes to their positions in the company. Clearstead Advisors LLC raised its stake in shares of RBC Bearings by 588.9% during the 3rd quarter. Clearstead Advisors LLC now owns 124 shares of the industrial products company’s stock worth $26,000 after buying an additional 106 shares during the period. CWM LLC acquired a new position in shares of RBC Bearings during the 4th quarter worth approximately $30,000. Spire Wealth Management acquired a new position in shares of RBC Bearings during the 4th quarter worth approximately $36,000. MUFG Americas Holdings Corp raised its stake in shares of RBC Bearings by 185.7% during the 4th quarter. MUFG Americas Holdings Corp now owns 180 shares of the industrial products company’s stock worth $36,000 after buying an additional 117 shares during the period. Finally, Pinebridge Investments L.P. acquired a new position in RBC Bearings in the 4th quarter valued at $81,000.
Shares of NASDAQ ROLL traded up $0.58 during mid-day trading on Monday, hitting $178.68. The stock had a trading volume of 745 shares, compared to its average volume of 155,715. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.39 and a current ratio of 2.88. The company has a 50 day moving average of $188.26 and a two-hundred day moving average of $202.57. RBC Bearings has a twelve month low of $165.99 and a twelve month high of $250.52. The firm has a market cap of $5.16 billion, a PE ratio of 86.58 and a beta of 1.34.
RBC Bearings (NASDAQ:ROLL – Get Rating) last released its earnings results on Thursday, February 10th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.04. RBC Bearings had a return on equity of 5.76% and a net margin of 7.77%. The firm had revenue of $266.95 million for the quarter, compared to the consensus estimate of $253.69 million. During the same period in the prior year, the firm earned $0.90 EPS. The firm’s revenue was up 83.0% on a year-over-year basis. Equities research analysts predict that RBC Bearings will post 3.7 EPS for the current fiscal year.
RBC Bearings Company Profile (Get Rating)
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates through four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.
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