Several other equities research analysts also recently issued reports on the company. ValuEngine upgraded RBC Bearings from a hold rating to a buy rating in a report on Monday, April 29th. Zacks Investment Research raised RBC Bearings from a sell rating to a hold rating in a research report on Wednesday, April 10th. Finally, Seaport Global Securities reissued a neutral rating on shares of RBC Bearings in a research report on Monday, January 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. RBC Bearings currently has a consensus rating of Hold and an average price target of $160.00.
Shares of NASDAQ ROLL traded down $2.49 during midday trading on Friday, hitting $135.89. 84,431 shares of the stock traded hands, compared to its average volume of 110,934. RBC Bearings has a one year low of $114.03 and a one year high of $169.84. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 4.48 and a beta of 1.35. The company has a quick ratio of 2.50, a current ratio of 6.44 and a debt-to-equity ratio of 0.12.
Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in RBC Bearings by 66.7% in the 4th quarter. IFP Advisors Inc now owns 195 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 78 shares during the last quarter. Berman Capital Advisors LLC bought a new position in RBC Bearings in the 4th quarter worth about $33,000. Quadrant Capital Group LLC increased its stake in RBC Bearings by 180.7% in the 1st quarter. Quadrant Capital Group LLC now owns 553 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 356 shares during the last quarter. Advisory Services Network LLC increased its stake in RBC Bearings by 39.7% in the 4th quarter. Advisory Services Network LLC now owns 577 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 164 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC bought a new position in RBC Bearings in the 4th quarter worth about $77,000. Institutional investors own 99.70% of the company’s stock.
RBC Bearings Company Profile
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 inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.
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