Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
RBC Bearings Incorporated (NASDAQ:ROLL - Get Rating) Director Richard R. Crowell sold 1,600 shares of the company's stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $233.27, for a total value of $373,232.00. Following the transaction, the director now owns 30,070 shares of the company's stock, valued at approximately $7,014,428.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. RBC Bearings Price Performance
NASDAQ ROLL traded down $2.65 during trading on Tuesday, hitting $233.07. 216,099 shares of the stock traded hands, compared to its average volume of 154,547. The company has a market capitalization of $6.74 billion, a P/E ratio of 114.43, a price-to-earnings-growth ratio of 5.32 and a beta of 1.34. The firm has a 50-day simple moving average of $237.46 and a 200-day simple moving average of $201.86. The company has a quick ratio of 1.13, a current ratio of 2.77 and a debt-to-equity ratio of 0.65. RBC Bearings Incorporated has a 12-month low of $152.90 and a 12-month high of $264.94.
RBC Bearings (NASDAQ:ROLL - Get Rating) last released its quarterly earnings results on Thursday, August 4th. The industrial products company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.39. The business had revenue of $354.08 million during the quarter, compared to analysts' expectations of $362.13 million. RBC Bearings had a return on equity of 6.08% and a net margin of 6.21%. The firm's revenue for the quarter was up 126.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. As a group, analysts predict that RBC Bearings Incorporated will post 7.42 EPS for the current year. Hedge Funds Weigh In On RBC Bearings
A number of institutional investors and hedge funds have recently modified their holdings of ROLL. HighTower Advisors LLC boosted its holdings in shares of RBC Bearings by 1.3% in the 4th quarter. HighTower Advisors LLC now owns 7,419 shares of the industrial products company's stock worth $1,503,000 after purchasing an additional 98 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of RBC Bearings in the 4th quarter worth approximately $653,000. Rhumbline Advisers boosted its holdings in shares of RBC Bearings by 4.1% in the 4th quarter. Rhumbline Advisers now owns 42,746 shares of the industrial products company's stock worth $8,633,000 after purchasing an additional 1,666 shares during the period. Ensign Peak Advisors Inc purchased a new position in shares of RBC Bearings in the 4th quarter worth approximately $664,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of RBC Bearings by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 241,049 shares of the industrial products company's stock worth $48,685,000 after purchasing an additional 7,910 shares during the period. Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Bank of America reiterated an "underperform" rating and issued a $235.00 price objective (up previously from $193.00) on shares of RBC Bearings in a report on Wednesday, September 14th. TheStreet raised RBC Bearings from a "c+" rating to a "b-" rating in a research report on Monday, August 1st. Citigroup raised their target price on RBC Bearings from $200.00 to $250.00 in a research report on Tuesday, August 9th. StockNews.com raised RBC Bearings from a "sell" rating to a "hold" rating in a research note on Friday, May 27th. Finally, Truist Financial decreased their price objective on RBC Bearings from $250.00 to $235.00 and set a "buy" rating on the stock in a research note on Tuesday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $235.71.About RBC Bearings (Get Rating)
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.Featured ArticlesGet a free copy of the StockNews.com research report on RBC Bearings (ROLL)Has AMD stock stock fallen too far?Oracle’s Short-Term Pain Could Be Your Long-Term Gain Lucid is Looking Like a Clear EV WinnerStill Lovin' It: Investors Keep Visiting McDonald'sDid FedEx Just Deliver A Buying Opportunity?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider RBC Bearings, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RBC Bearings wasn't on the list.
While RBC Bearings currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
ETF portfolio manager, Dave Gilreath offers a perspective on “dividend achievers” and why these deserve a role in your portfolio
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.