NINGBO KAILI HI-TECH BEARING CO., LTD

RBC Bearings Incorporated (ROLL) Receives $142.80 Consensus Price Target from Brokerages

13 Aug,2018

Shares of RBC Bearings Incorporated (NASDAQ:ROLL) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $142.80.

ROLL has been the subject of a number of analyst reports. BidaskClub raised shares of RBC Bearings from a “hold” rating to a “buy” rating in a research note on Saturday, July 21st. Zacks Investment Research raised shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $159.00 target price for the company in a research note on Tuesday, July 31st. SunTrust Banks assumed coverage on shares of RBC Bearings in a research note on Wednesday, June 20th. They set a “hold” rating and a $133.00 target price for the company. Royal Bank of Canada reissued a “sell” rating on shares of RBC Bearings in a research report on Thursday. Finally, William Blair reissued an “outperform” rating on shares of RBC Bearings in a research report on Thursday, May 31st.

In related news, Director Amir Faghri sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $132.94, for a total transaction of $332,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard R. Crowell sold 2,100 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The shares were 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. Insiders have sold 368,485 shares of company stock valued at $49,245,620 in the last three months. 3.10% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of ROLL. Wasatch Advisors Inc. grew its position in RBC Bearings by 14.6% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,489,038 shares of the industrial products company’s stock worth $191,803,000 after purchasing an additional 189,861 shares during the period. BlackRock Inc. grew its position in RBC Bearings by 3.9% in the 1st quarter. BlackRock Inc. now owns 2,147,860 shares of the industrial products company’s stock worth $266,764,000 after purchasing an additional 81,173 shares during the period. Janus Henderson Group PLC grew its position in RBC Bearings by 16.9% in the 2nd quarter. Janus Henderson Group PLC now owns 554,654 shares of the industrial products company’s stock worth $71,445,000 after purchasing an additional 80,370 shares during the period. Standard Life Aberdeen plc grew its position in RBC Bearings by 15.5% in the 2nd quarter. Standard Life Aberdeen plc now owns 310,004 shares of the industrial products company’s stock worth $39,932,000 after purchasing an additional 41,703 shares during the period. Finally, Bradley Foster & Sargent Inc. CT grew its position in RBC Bearings by 17.1% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 207,925 shares of the industrial products company’s stock worth $25,824,000 after purchasing an additional 30,374 shares during the period. 97.36% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ ROLL opened at $139.87 on Thursday. RBC Bearings has a fifty-two week low of $102.33 and a fifty-two week high of $151.50. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 36.14, a price-to-earnings-growth ratio of 5.05 and a beta of 1.39. The company has a quick ratio of 2.12, a current ratio of 5.79 and a debt-to-equity ratio of 0.17.

RBC Bearings (NASDAQ:ROLL) last announced its earnings results on Thursday, August 2nd. The industrial products company reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.10. RBC Bearings had a net margin of 13.51% and a return on equity of 12.29%. The business had revenue of $176.00 million during the quarter, compared to the consensus estimate of $174.32 million. During the same quarter last year, the firm earned $0.91 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. sell-side analysts anticipate that RBC Bearings will post 4.73 EPS for the current year.

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