RBC Bearings Integrated (NASDAQ:ROLL) noticed a major enhance briefly curiosity in November. As of November 15th, there was brief curiosity totalling 294,600 shares, a rise of 18.9% from the October 31st complete of 247,700 shares. Based mostly on a mean day by day quantity of 136,900 shares, the days-to-cover ratio is presently 2.2 days. Roughly 1.2% of the corporate’s shares are brief bought.
Shares of RBC Bearings stock opened at $175.98 on Friday. The corporate has a fast ratio of two.67, a present ratio of 6.37 and a debt-to-equity ratio of 0.01. The corporate has a market cap of $4.42 billion, a P/E ratio of 37.13 and a beta of 1.21. The agency’s 50 day transferring common price is $146.43 and its 200-day transferring common price is $134.12. RBC Bearings has a 52-week low of $77.63 and a 52-week excessive of $185.05.
RBC Bearings (NASDAQ:ROLL) final posted its earnings outcomes on Wednesday, November 4th. The economic merchandise firm reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. RBC Bearings had a internet margin of 16.86% and a return on fairness of 10.82%. The corporate had income of $146.30 million through the quarter, in comparison with analysts’ expectations of $150.66 million. Throughout the identical quarter within the prior 12 months, the corporate posted $1.30 earnings per share. RBC Bearings’s income for the quarter was down 19.2% in comparison with the identical quarter final 12 months. As a bunch, equities analysis analysts forecast that RBC Bearings will submit 3.76 EPS for the present fiscal 12 months.
A number of brokerages have issued studies on ROLL. Alembic World Advisors upgraded shares of RBC Bearings from a “impartial” score to an “chubby” score in a report on Monday, August 10th. BidaskClub upgraded shares of RBC Bearings from a “sturdy promote” score to a “promote” score in a analysis word on Monday, November 2nd. Royal Bank of Canada raised shares of RBC Bearings from a “impartial” score to an “chubby” score in a analysis word on Monday, August 10th. Zacks Funding Analysis upgraded RBC Bearings from a “promote” score to a “maintain” score and set a $132.00 goal price for the corporate in a report on Monday, October 12th. Lastly, William Blair reiterated an “outperform” score on shares of RBC Bearings in a report on Friday, August seventh. Two analysis analysts have rated the stock with a promote score, one has given a maintain score and three have assigned a purchase score to the corporate’s stock. The stock presently has a mean score of “Maintain” and a consensus price goal of $112.00.
In different RBC Bearings information, CEO Michael J. Hartnett bought 13,329 shares of the agency’s stock in a transaction on Wednesday, December 2nd. The stock was bought at a mean price of $168.68, for a complete transaction of $2,248,335.72. The transaction was disclosed in a submitting with the SEC, which will be accessed by means of this hyperlink. Within the final three months, insiders bought 59,374 shares of firm stock worth $10,070,300. 3.50% of the stock is owned by insiders.
A number of institutional traders have not too long ago purchased and bought shares of the corporate. Kayne Anderson Rudnick Funding Administration LLC grew its stake in RBC Bearings by 8.1% through the 2nd quarter. Kayne Anderson Rudnick Funding Administration LLC now owns 2,566,573 shares of the economic merchandise firm’s stock worth $342,818,000 after shopping for an extra 191,437 shares over the past quarter. Wasatch Advisors Inc. elevated its stake in RBC Bearings by 0.5% through the third quarter. Wasatch Advisors Inc. now owns 1,625,784 shares of the economic merchandise firm’s stock valued at $197,062,000 after buying an extra 7,385 shares within the final quarter. Neuberger Berman Group LLC elevated its stake in RBC Bearings by 6.7% through the third quarter. Neuberger Berman Group LLC now owns 1,500,077 shares of the economic merchandise firm’s stock valued at $181,570,000 after buying an extra 94,511 shares within the final quarter. JPMorgan Chase & Co. lifted its stake in shares of RBC Bearings by 6.1% through the third quarter. JPMorgan Chase & Co. now owns 1,155,504 shares of the economic merchandise firm’s stock worth $140,843,000 after shopping for an extra 65,957 shares through the interval. Lastly, Conestoga Capital Advisors LLC lifted its stake in shares of RBC Bearings by 19.0% through the third quarter. Conestoga Capital Advisors LLC now owns 756,719 shares of the economic merchandise firm’s stock worth $91,722,000 after shopping for an extra 120,833 shares through the interval. 96.30% of the stock is owned by hedge funds and different institutional traders.
RBC Bearings Firm Profile
RBC Bearings Integrated manufactures and markets engineered precision bearings and parts in North America, Europe, Asia, and Latin America. It operates by means of 4 segments: Plain Bearings, Curler Bearings, Ball Bearings, and Engineered Merchandise. The Plain Bearings section produces plain bearings with self-lubricating or metal-to-metal designs, together with rod finish bearings, spherical plain bearings, and journal bearings which can be primarily used to rectify inevitable misalignments in varied mechanical parts, reminiscent of plane controls, helicopter rotors, or in heavy mining and building gear.
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