RBC Bearings Inc (NASDAQ:ROLL) Stock Price Up as Sentiment Increases

January 21, 2018 - By Stephen Andrade

 RBC Bearings Inc (NASDAQ:ROLL) Stock Price Up as Sentiment  Increases

Sentiment for RBC Bearings Inc (NASDAQ:ROLL)

RBC Bearings Inc (NASDAQ:ROLL) institutional sentiment increased to 2 in 2017 Q3. Its up 0.28, from 1.72 in 2017Q2. The ratio is more positive, as 94 active investment managers increased or started new stock positions, while 47 sold and trimmed stock positions in RBC Bearings Inc. The active investment managers in our partner’s database now own: 23.19 million shares, down from 23.77 million shares in 2017Q2. Also, the number of active investment managers holding RBC Bearings Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 13 Reduced: 34 Increased: 64 New Position: 30.

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. The company has market cap of $3.06 billion. It operates in four divisions: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. It has a 43.93 P/E ratio. 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.

The stock increased 2.67% or $3.37 during the last trading session, reaching $129.64. About 107,641 shares traded or 23.33% up from the average. RBC Bearings Incorporated (NASDAQ:ROLL) has risen 38.75% since January 21, 2017 and is uptrending. It has outperformed by 22.05% the S&P500.

Analysts await RBC Bearings Incorporated (NASDAQ:ROLL) to report earnings on February, 14. They expect $0.86 earnings per share, up 17.81 % or $0.13 from last year’s $0.73 per share. ROLL’s profit will be $20.32 million for 37.69 P/E if the $0.86 EPS becomes a reality. After $0.83 actual earnings per share reported by RBC Bearings Incorporated for the previous quarter, Wall Street now forecasts 3.61 % EPS growth.

Snyder Capital Management L P holds 4.12% of its portfolio in RBC Bearings Incorporated for 659,076 shares. Kayne Anderson Rudnick Investment Management Llc owns 2.29 million shares or 2.58% of their US portfolio. Moreover, Rk Capital Management Llc has 2.47% invested in the company for 84,693 shares. The Washington-based Harbour Investment Management Llc has invested 1.97% in the stock. Wasatch Advisors Inc, a Utah-based fund reported 995,306 shares.#img1#

RBC Bearings Incorporated (NASDAQ:ROLL) Ratings Coverage

Ratings analysis reveals 67% of RBC Bearings’s analysts are positive. Out of 9 Wall Street analysts rating RBC Bearings, 6 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $69 while the high is $142. The stock’s average target of $107.33 is -17.21% below today’s ($129.64) share price. ROLL was included in 11 notes of analysts from September 22, 2015. The stock has “Market Outperform” rating by Avondale on Monday, March 21. The stock of RBC Bearings Incorporated (NASDAQ:ROLL) earned “Hold” rating by KeyBanc Capital Markets on Friday, September 15. As per Monday, September 28, the company rating was upgraded by Global Hunter Securities. The stock of RBC Bearings Incorporated (NASDAQ:ROLL) has “Sector Weight” rating given on Tuesday, August 9 by KeyBanc Capital Markets. The stock of RBC Bearings Incorporated (NASDAQ:ROLL) earned “Buy” rating by Bank of America on Wednesday, November 8. The stock of RBC Bearings Incorporated (NASDAQ:ROLL) earned “Hold” rating by TheStreet on Tuesday, September 22. On Friday, November 6 the stock rating was downgraded by Seaport Global Securities to “Accumulate”. On Friday, October 14 the stock rating was downgraded by Seaport Global Securities to “Neutral”. The firm has “Buy” rating by C.L. King given on Wednesday, November 29.

More notable recent RBC Bearings Incorporated (NASDAQ:ROLL) news were published by: Seekingalpha.com which released: “RBC Bearings: A Great Quarter And A Questionable Valuation” on September 13, 2017, also Businesswire.com with their article: “RBC Bearings Announces Senior Leadership Updates” published on June 07, 2017, Businesswire.com published: “RBC Bearings Announces the Promotion of Patrick Bannon; Thomas Crainer Retirement” on November 03, 2017. More interesting news about RBC Bearings Incorporated (NASDAQ:ROLL) were released by: Seekingalpha.com and their article: “RBC Bearings: Great Company, Tough Valuation” published on July 19, 2017 as well as Seekingalpha.com‘s news article titled: “RBC Bearings’ (ROLL) CEO Michael Hartnett on Q1 2018 Results – Earnings Call …” with publication date: August 12, 2017.

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