Bank Of America (Bofa) lowered shares of RBC Bearings (NASDAQ:ROLL – Get Rating) from a neutral rating to an underperform rating in a research report released on Wednesday, The Fly reports.

A number of other analysts have also commented on ROLL. StockNews.com upgraded shares of RBC Bearings from a sell rating to a hold rating in a research note on Friday, May 27th. Truist Financial decreased their price target on shares of RBC Bearings from $250.00 to $235.00 and set a buy rating for the company in a research note on Tuesday, July 19th. Royal Bank of Canada lowered shares of RBC Bearings from a buy rating to a neutral rating and decreased their price target for the company from $218.00 to $193.00 in a research note on Thursday, June 23rd. They noted that the move was a valuation call. TheStreet upgraded shares of RBC Bearings from a c+ rating to a b- rating in a research note on Monday, August 1st. Finally, Morgan Stanley boosted their price target on shares of RBC Bearings from $263.00 to $285.00 and gave the company an overweight rating in a research note on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $235.71.

RBC Bearings Stock Performance

NASDAQ:ROLL opened at $229.01 on Wednesday. The company has a fifty day moving average of $235.20 and a 200-day moving average of $200.91. The firm has a market capitalization of $6.63 billion, a P/E ratio of 111.17, a P/E/G ratio of 6.34 and a beta of 1.34. The company has a quick ratio of 1.13, a current ratio of 2.77 and a debt-to-equity ratio of 0.65. RBC Bearings has a twelve month low of $152.90 and a twelve month high of $264.94.

Insider Buying and Selling

In related news, Director Steven H. Kaplan sold 400 shares of the business's stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $200.05, for a total value of $80,020.00. Following the transaction, the director now directly owns 7,500 shares of the company's stock, valued at approximately $1,500,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Steven H. Kaplan sold 400 shares of the business's stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $200.05, for a total value of $80,020.00. Following the transaction, the director now directly owns 7,500 shares of the company's stock, valued at approximately $1,500,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Daniel A. Bergeron sold 21,165 shares of the business's stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $259.60, for a total transaction of $5,494,434.00. Following the completion of the transaction, the chief operating officer now directly owns 103,718 shares in the company, valued at $26,925,192.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 64,125 shares of company stock valued at $16,230,063. 2.80% of the stock is owned by insiders.

Hedge Funds Weigh In On RBC Bearings

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. abrdn plc lifted its holdings in RBC Bearings by 28.4% during the fourth quarter. abrdn plc now owns 253,931 shares of the industrial products company's stock valued at $51,287,000 after purchasing an additional 56,177 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new stake in RBC Bearings during the fourth quarter valued at about $584,000. HighTower Advisors LLC lifted its holdings in RBC Bearings by 1.3% during the fourth quarter. HighTower Advisors LLC now owns 7,419 shares of the industrial products company's stock valued at $1,503,000 after purchasing an additional 98 shares during the last quarter. Aviva PLC lifted its holdings in RBC Bearings by 60.0% during the fourth quarter. Aviva PLC now owns 11,970 shares of the industrial products company's stock valued at $2,418,000 after purchasing an additional 4,491 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in RBC Bearings by 36.9% during the fourth quarter. Teacher Retirement System of Texas now owns 5,568 shares of the industrial products company's stock valued at $1,125,000 after purchasing an additional 1,500 shares during the last quarter.

About RBC Bearings

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RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.

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