Is RBC Bearings Inc (NASDAQ:ROLL) Going to Burn These Institutional Investors?

Sentiment for RBC Bearings Inc (NASDAQ:ROLL)

RBC Bearings Inc (NASDAQ:ROLL) institutional sentiment increased to 2 in Q3 2017. Its up 0.28, from 1.72 in 2017Q2. The ratio improved, as 94 hedge funds started new and increased positions, while 47 decreased and sold equity positions in RBC Bearings Inc. The hedge funds in our partner’s database now have: 23.19 million shares, down from 23.77 million shares in 2017Q2. Also, the number of hedge funds holding RBC Bearings Inc in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 13 Reduced: 34 Increased: 64 New Position: 30.

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. The company has market cap of $3.06 billion. It operates in four divisions: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. It has a 43.93 P/E ratio. 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.

The stock increased 2.67% or $3.37 during the last trading session, reaching $129.64. About 107,641 shares traded or 23.33% up from the average. RBC Bearings Incorporated (NASDAQ:ROLL) has risen 38.75% since January 21, 2017 and is uptrending. It has outperformed by 22.05% the S&P500.

Analysts await RBC Bearings Incorporated (NASDAQ:ROLL) to report earnings on February, 14. They expect $0.86 earnings per share, up 17.81 % or $0.13 from last year’s $0.73 per share. ROLL’s profit will be $20.32 million for 37.69 P/E if the $0.86 EPS becomes a reality. After $0.83 actual earnings per share reported by RBC Bearings Incorporated for the previous quarter, Wall Street now forecasts 3.61 % EPS growth.

Snyder Capital Management L P holds 4.12% of its portfolio in RBC Bearings Incorporated for 659,076 shares. Kayne Anderson Rudnick Investment Management Llc owns 2.29 million shares or 2.58% of their US portfolio. Moreover, Rk Capital Management Llc has 2.47% invested in the company for 84,693 shares. The Washington-based Harbour Investment Management Llc has invested 1.97% in the stock. Wasatch Advisors Inc, a Utah-based fund reported 995,306 shares.#img1#

RBC Bearings Incorporated (NASDAQ:ROLL) Ratings Coverage

Ratings analysis reveals 67% of RBC Bearings’s analysts are positive. Out of 9 Wall Street analysts rating RBC Bearings, 6 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $69 while the high is $142. The stock’s average target of $107.33 is -17.21% below today’s ($129.64) share price. ROLL was included in 11 notes of analysts from September 22, 2015. The stock of RBC Bearings Incorporated (NASDAQ:ROLL) has “Sector Weight” rating given on Tuesday, August 9 by KeyBanc Capital Markets. The stock of RBC Bearings Incorporated (NASDAQ:ROLL) has “Neutral” rating given on Friday, October 14 by Seaport Global Securities. The firm has “Accumulate” rating given on Friday, November 6 by Seaport Global Securities. The rating was maintained by Avondale with “Market Outperform” on Monday, March 21. The firm has “Buy” rating given on Wednesday, November 8 by Bank of America. On Monday, September 28 the stock rating was upgraded by Global Hunter Securities to “Buy”. KeyBanc Capital Markets maintained the shares of ROLL in report on Friday, September 15 with “Hold” rating. On Wednesday, November 29 the stock rating was initiated by C.L. King with “Buy”. The company was downgraded on Tuesday, September 22 by TheStreet.