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Date: 2013-11-19

RBC Bearings Director Edward Stewart Buys 2,250 Shares (ROLL)

RBC Bearings (NASDAQ:ROLL) Director Edward Stewart bought 2,250 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $66.83 per share, for a total transaction of $150,367.50. Following the purchase, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $367,565. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on ROLL shares. Analysts at Zacks reiterated a “neutral” rating on shares of RBC Bearings in a research note to investors on Thursday. They now have a $70.00 price target on the stock. Separately, analysts at Merrill Lynch downgraded shares of RBC Bearings from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. Finally, analysts at Bank of America Corp. downgraded shares of RBC Bearings from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $66.00 price target on the stock, up previously from $63.21. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $62.83.

Shares of RBC Bearings (NASDAQ:ROLL) traded up 1.92% during mid-day trading on Monday, hitting $67.86. 97,595 shares of the company’s stock traded hands. RBC Bearings has a 52 week low of $42.14 and a 52 week high of $70.48. The stock has a 50-day moving average of $66. and a 200-day moving average of $57.75. The company has a market cap of $1.549 billion and a price-to-earnings ratio of 29.66.

RBC Bearings (NASDAQ:ROLL) last released its earnings data on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.66 by $0.05. The company had revenue of $102.00 million for the quarter, compared to the consensus estimate of $105.22 million. During the same quarter last year, the company posted $0.73 earnings per share. RBC Bearings’s revenue was up 1.6% compared to the same quarter last year. Analysts expect that RBC Bearings will post $2.73 EPS for the current fiscal year.

RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision plain, roller and ball bearings.
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