NEWS

<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180312/20180312100533_57914.jpg" alt="" /> </p> <p> RBC Bearings Incorporated (NASDAQ:ROLL) has received a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $141.00.&nbsp; </p> <br /> Several analysts have recently commented on the company. BidaskClub downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Drexel Hamilton assumed coverage on RBC Bearings in a research note on Thursday, December 21st. They issued a “buy” rating and a $140.00 price objective for the company. Zacks Investment Research raised RBC Bearings from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a research report on Monday, January 8th. ValuEngine downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, CL King assumed coverage on RBC Bearings in a research report on Wednesday, November 29th. They set a “buy” rating and a $142.00 price target for the company.<br /> <br /> Shares of RBC Bearings (ROLL) traded up $3.53 during trading hours on Friday, reaching $128.00. The company’s stock had a trading volume of 120,949 shares, compared to its average volume of 78,794. The company has a market capitalization of $3,108.99, a price-to-earnings ratio of 37.87, a P/E/G ratio of 5.58 and a beta of 1.29. The company has a current ratio of 4.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.23. RBC Bearings has a 1-year low of $88.70 and a 1-year high of $139.95.&nbsp;<br /> <br /> RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.19. The business had revenue of $166.86 million for the quarter, compared to analyst estimates of $163.46 million. RBC Bearings had a return on equity of 11.79% and a net margin of 12.52%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 earnings per share. equities research analysts expect that RBC Bearings will post 3.91 earnings per share for the current year.&nbsp;<br /> <br /> In other RBC Bearings news, Director Amir Faghri sold 4,500 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $125.31, for a total value of $563,895.00. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, Director Alan B. Levine sold 4,900 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $115.70, for a total value of $566,930.00. The disclosure for this sale can be found here. Insiders have sold 30,847 shares of company stock valued at $3,794,853 over the last ninety days. 3.70% of the stock is currently owned by company insiders.&nbsp;<br /> <br /> Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of RBC Bearings in the third quarter worth $189,000. Global X Management Co. LLC boosted its stake in RBC Bearings by 75.0% during the fourth quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company’s stock valued at $208,000 after buying an additional 705 shares during the period. Comerica Bank bought a new stake in RBC Bearings during the third quarter valued at $230,000. Strs Ohio boosted its stake in RBC Bearings by 58.3% during the third quarter. Strs Ohio now owns 1,900 shares of the industrial products company’s stock valued at $237,000 after buying an additional 700 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in RBC Bearings during the third quarter valued at $251,000. 99.08% of the stock is owned by institutional investors and hedge funds.&nbsp;<br /> <div style="white-space:nowrap;"> <br /> </div>