NEWS

<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180301/20180301105100_38748.jpg" alt="" /> </p> <p> RBC Bearings (NASDAQ:ROLL) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, February 3rd. </p> <br /> ROLL has been the topic of several other reports. Bank of America raised their target price on shares of RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Drexel Hamilton initiated coverage on shares of RBC Bearings in a report on Thursday, December 21st. They set a “buy” rating and a $140.00 target price on the stock. Zacks Investment Research raised shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a report on Tuesday, January 23rd. ValuEngine lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, CL King began coverage on shares of RBC Bearings in a research report on Wednesday, November 29th. They set a “buy” rating and a $142.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $141.00.<br /> <br /> Shares of RBC Bearings (NASDAQ:ROLL) traded down $1.41 on Friday, hitting $120.50. 101,524 shares of the stock traded hands, compared to its average volume of 89,911. RBC Bearings has a 12 month low of $88.70 and a 12 month high of $139.95. The company has a market capitalization of $3,058.53, a PE ratio of 36.07, a PEG ratio of 5.49 and a beta of 1.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.65 and a quick ratio of 1.65.&nbsp;<br /> <br /> RBC Bearings (NASDAQ:ROLL) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.19. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. The company had revenue of $166.86 million for the quarter, compared to analysts’ expectations of $163.46 million. During the same period last year, the firm earned $0.73 earnings per share. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. sell-side analysts forecast that RBC Bearings will post 3.91 EPS for the current year.&nbsp;<br /> <br /> In related news, Director Alan B. Levine sold 4,900 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $115.70, for a total transaction of $566,930.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael J. Hartnett sold 3,500 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $128.79, for a total transaction of $450,765.00. The disclosure for this sale can be found here. Insiders have sold a total of 37,387 shares of company stock worth $4,653,387 in the last quarter. 3.70% of the stock is currently owned by company insiders.&nbsp;<br /> <br /> Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wasatch Advisors Inc. boosted its position in RBC Bearings by 131.3% in the second quarter. Wasatch Advisors Inc. now owns 858,702 shares of the industrial products company’s stock valued at $87,382,000 after buying an additional 487,495 shares in the last quarter. Janus Henderson Group PLC boosted its position in RBC Bearings by 56.1% in the second quarter. Janus Henderson Group PLC now owns 492,837 shares of the industrial products company’s stock valued at $50,151,000 after buying an additional 177,117 shares in the last quarter. BlackRock Inc. boosted its position in RBC Bearings by 3.8% in the fourth quarter. BlackRock Inc. now owns 2,066,687 shares of the industrial products company’s stock valued at $261,229,000 after buying an additional 76,161 shares in the last quarter. Port Capital LLC acquired a new stake in RBC Bearings in the fourth quarter valued at approximately $9,544,000. Finally, Cortina Asset Management LLC acquired a new stake in RBC Bearings in the fourth quarter valued at approximately $9,120,000. Institutional investors and hedge funds own 98.00% of the company’s stock.&nbsp;<br />