SunTrust Banks started coverage on shares of RBC Bearings (NASDAQ:ROLL) in a report published on Wednesday morning, Marketbeat Ratings reports. The firm issued a hold rating and a $133.00 target price on the industrial products company’s stock. SunTrust Banks also issued estimates for RBC Bearings’ Q1 2019 earnings at $1.05 EPS, Q2 2019 earnings at $1.11 EPS, Q3 2019 earnings at $1.18 EPS, Q4 2019 earnings at $1.30 EPS, FY2019 earnings at $4.64 EPS and FY2020 earnings at $5.31 EPS.
A number of other research analysts have also recently commented on the stock. William Blair restated an outperform rating on shares of RBC Bearings in a report on Thursday, May 31st. BidaskClub upgraded shares of RBC Bearings from a sell rating to a hold rating in a report on Saturday, May 26th. Finally, Zacks Investment Research cut shares of RBC Bearings from a strong-buy rating to a hold rating in a report on Tuesday, March 20th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $139.40.
NASDAQ ROLL opened at $129.21 on Wednesday. The company has a current ratio of 4.60, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $3.13 billion, a PE ratio of 33.17, a P/E/G ratio of 4.70 and a beta of 1.30. RBC Bearings has a 12 month low of $98.55 and a 12 month high of $139.95.
RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings results on Wednesday, May 30th. The industrial products company reported $1.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.05). The company had revenue of $179.90 million during the quarter, compared to the consensus estimate of $175.57 million. RBC Bearings had a return on equity of 11.96% and a net margin of 12.91%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 earnings per share. equities research analysts anticipate that RBC Bearings will post 4.65 earnings per share for the current year.
In related news, insider Michael J. Hartnett sold 105,202 shares of the company’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $128.34, for a total value of $13,501,624.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard R. Crowell sold 2,100 shares of the company’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $129.71, for a total transaction of $272,391.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 186,882 shares of company stock valued at $24,153,962. 3.70% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Cortina Asset Management LLC purchased a new stake in RBC Bearings in the fourth quarter worth about $9,120,000. Swiss National Bank lifted its stake in RBC Bearings by 4.3% in the fourth quarter. Swiss National Bank now owns 41,690 shares of the industrial products company’s stock worth $5,270,000 after acquiring an additional 1,700 shares during the period. Goldman Sachs Group Inc. lifted its stake in RBC Bearings by 22.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 352,148 shares of the industrial products company’s stock worth $44,511,000 after acquiring an additional 64,511 shares during the period. Teacher Retirement System of Texas lifted its stake in RBC Bearings by 314.6% in the fourth quarter. Teacher Retirement System of Texas now owns 8,317 shares of the industrial products company’s stock worth $1,051,000 after acquiring an additional 6,311 shares during the period. Finally, Gotham Asset Management LLC purchased a new stake in RBC Bearings in the fourth quarter worth about $374,000. 97.32% of the stock is owned by institutional investors.
About RBC Bearings
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates in 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 misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.
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