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RBC Bearings (NASDAQ:ROLL - Get Rating) was downgraded by Bank Of America (Bofa) from a "neutral" rating to an "underperform" rating in a note issued to investors on Wednesday, The Fly reports.

Other equities research analysts also recently issued reports about the stock. Truist Financial reduced their price target on shares of RBC Bearings from $250.00 to $235.00 and set a "buy" rating on the stock in a research note on Tuesday, July 19th. Bank of America reissued an "underperform" rating and issued a $235.00 price target (up from $193.00) on shares of RBC Bearings in a research note on Wednesday. Citigroup boosted their price target on shares of RBC Bearings from $200.00 to $250.00 in a research note on Tuesday, August 9th. TheStreet raised 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 assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $235.71.RBC Bearings Stock Performance

ROLL opened at $242.66 on Wednesday. The firm has a market capitalization of $7.02 billion, a PE ratio of 117.80, a PEG ratio of 6.34 and a beta of 1.34. RBC Bearings has a twelve month low of $152.90 and a twelve month high of $264.94. The firm's 50-day moving average price is $234.42 and its 200 day moving average price is $200.71. The company has a current ratio of 2.77, a quick ratio of 1.13 and a debt-to-equity ratio of 0.65.

RBC Bearings (NASDAQ:ROLL - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The industrial products company reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.39. The firm had revenue of $354.08 million for the quarter, compared to analyst estimates of $362.13 million. RBC Bearings had a net margin of 6.21% and a return on equity of 6.08%. RBC Bearings's quarterly revenue was up 126.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 earnings per share. As a group, sell-side analysts expect that RBC Bearings will post 6.89 EPS for the current fiscal year. Insiders Place Their Bets

In other news, Director Steven H. Kaplan sold 500 shares of the company's stock in a transaction on Monday, September 12th. The shares were sold at an average price of $256.61, for a total value of $128,305.00. Following the completion of the transaction, the director now owns 6,700 shares in the company, valued at approximately $1,719,287. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Steven H. Kaplan sold 500 shares of the company's stock in a transaction on Monday, September 12th. The shares were sold at an average price of $256.61, for a total value of $128,305.00. Following the completion of the transaction, the director now owns 6,700 shares in the company, valued at approximately $1,719,287. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven H. Kaplan sold 400 shares of the company's stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $200.05, for a total transaction of $80,020.00. Following the completion of the transaction, the director now owns 7,500 shares of the company's stock, valued at approximately $1,500,375. The disclosure for this sale can be found here. Insiders sold 64,125 shares of company stock worth $16,230,063 in the last 90 days. Corporate insiders own 2.80% of the company's stock. Institutional Trading of RBC Bearings

A number of large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in RBC Bearings by 21.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,580,868 shares of the industrial products company's stock worth $477,332,000 after purchasing an additional 463,801 shares during the period. BlackRock Inc. raised its position in RBC Bearings by 1.6% during the 1st quarter. BlackRock Inc. now owns 2,145,334 shares of the industrial products company's stock worth $415,937,000 after buying an additional 33,956 shares during the last quarter. Durable Capital Partners LP raised its position in RBC Bearings by 28.2% during the 1st quarter. Durable Capital Partners LP now owns 1,604,993 shares of the industrial products company's stock worth $311,176,000 after buying an additional 353,074 shares during the last quarter. Wasatch Advisors Inc. raised its position in RBC Bearings by 3.5% during the 1st quarter. Wasatch Advisors Inc. now owns 1,458,413 shares of the industrial products company's stock worth $282,757,000 after buying an additional 49,064 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in RBC Bearings by 2.7% during the 1st quarter. JPMorgan Chase & Co. now owns 879,373 shares of the industrial products company's stock worth $170,493,000 after buying an additional 23,354 shares during the last quarter. RBC Bearings Company Profile (Get Rating)

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.Featured StoriesGet a free copy of the StockNews.com research report on RBC Bearings (ROLL)These 3 Reports Will Tell Us Much About the Current EconomyIs Five Below Trying to Punch Too High? This Is What To Expect From The S&P 500 NowThe Two Things You Need To Know About Oracle’s FQ1 ReportThree Value Stocks For A Volatile Market

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