RBC Bearings Inc. (NASDAQ:ROLL) shares shot up 4.1% on Tuesday . The stock traded as high as $78.50 and last traded at $77.44, with a volume of 199,567 shares traded. The stock had previously closed at $74.42.

Several brokerages have recently weighed in on ROLL. Zacks Investment Research upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research note on Monday, May 30th. Avondale Partners reiterated a “buy” rating and set a $80.00 price target on shares of RBC Bearings in a research note on Tuesday, May 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $74.80.

The firm has a market cap of $1.79 billion and a price-to-earnings ratio of 28.37. The firm has a 50-day moving average of $73.73 and a 200 day moving average of $69.40.

RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings results on Thursday, May 26th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. During the same quarter in the prior year, the firm earned $0.73 EPS. The firm earned $162.30 million during the quarter, compared to analysts’ expectations of $160.50 million. The firm’s revenue was up 43.1% compared to the same quarter last year. On average, equities analysts forecast that RBC Bearings Inc. will post $3.40 earnings per share for the current fiscal year.

In related news, CEO Michael J. Hartnett sold 15,242 shares of RBC Bearings stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $72.90, for a total value of $1,111,141.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas C. Crainer sold 25,000 shares of RBC Bearings stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $75.50, for a total transaction of $1,887,500.00. Following the completion of the transaction, the vice president now owns 43,940 shares of the company’s stock, valued at approximately $3,317,470. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently modified their holdings of ROLL. Whittier Trust Co. increased its position in shares of RBC Bearings by 1.0% in the fourth quarter. Whittier Trust Co. now owns 19,627 shares of the company’s stock worth $1,268,000 after buying an additional 203 shares in the last quarter. First Trust Advisors LP increased its stake in shares of RBC Bearings by 12.2% in the fourth quarter. First Trust Advisors LP now owns 23,976 shares of the company’s stock valued at $1,549,000 after buying an additional 2,607 shares in the last quarter. Rhumbline Advisers increased its stake in shares of RBC Bearings by 6.9% in the fourth quarter. Rhumbline Advisers now owns 28,394 shares of the company’s stock valued at $1,834,000 after buying an additional 1,845 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of RBC Bearings by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 43,380 shares of the company’s stock valued at $2,802,000 after buying an additional 754 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its stake in shares of RBC Bearings by 3.1% in the fourth quarter. State of Wisconsin Investment Board now owns 45,927 shares of the company’s stock valued at $2,966,000 after buying an additional 1,373 shares in the last quarter.

RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision components and bearings. The Company manufactures roller bearing components and assembled parts and designs and manufactures high-precision roller and ball bearings. The Company operates in four business segments: plain bearings, roller bearings, ball bearings and Other.

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