Media stories about RBC Bearings (NASDAQ:ROLL) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. RBC Bearings earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 45.8209218112665 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- RBC Bearings’ (ROLL) Outperform Rating Reaffirmed at William Blair (americanbankingnews.com)
- RBC Bearings’ (ROLL) Q4 Earnings Miss Estimates, Up Y/Y (msn.com)
- Edited Transcript of ROLL earnings conference call or presentation 30-May-18 3:00pm GMT (finance.yahoo.com)
- RBC Bearings' (ROLL) Q4 Earnings Miss Estimates, Up Y/Y (finance.yahoo.com)
- RBC Bearings Inc. (ROLL) CEO Michael Hartnett on Q4 2018 Results – Earnings Call Transcript (seekingalpha.com)
Shares of RBC Bearings opened at $125.71 on Friday, according to Marketbeat. RBC Bearings has a 52-week low of $94.97 and a 52-week high of $139.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.65 and a current ratio of 4.65. The firm has a market capitalization of $2.97 billion, a PE ratio of 39.66, a price-to-earnings-growth ratio of 4.45 and a beta of 1.28.
Several brokerages have recently issued reports on ROLL. Zacks Investment Research lowered RBC Bearings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 20th. BidaskClub upgraded RBC Bearings from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. Finally, William Blair reiterated an “outperform” rating on shares of RBC Bearings in a research note on Thursday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. RBC Bearings has an average rating of “Buy” and a consensus target price of $141.00.
In related news, VP Patrick S. Bannon sold 447 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $124.00, for a total transaction of $55,428.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael J. Hartnett sold 27,421 shares of the business’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $128.06, for a total value of $3,511,533.26. The disclosure for this sale can be found here. Insiders have sold a total of 68,089 shares of company stock worth $8,689,350 in the last 90 days. 3.70% of the stock is currently owned by corporate insiders.
About RBC Bearings
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates in four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. 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.
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