NEWS

<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180312/20180312100324_99494.jpg" alt="" /> </p> <p> RBC Bearings Incorporated (NASDAQ:ROLL) CFO Daniel A. Bergeron sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.03, for a total transaction of $2,480,600.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. </p> <br /> RBC Bearings Incorporated (NASDAQ:ROLL) traded up $3.53 on Friday, reaching $128.00. The company 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 PE ratio of 37.87, a PEG 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 Incorporated has a 1-year low of $88.70 and a 1-year high of $139.95.<br /> <br /> RBC Bearings (NASDAQ:ROLL) last released its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.19. The business had revenue of $166.86 million for the quarter, compared to analysts’ expectations of $163.46 million. RBC Bearings had a return on equity of 11.79% and a net margin of 12.52%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. equities research analysts predict that RBC Bearings Incorporated will post 3.91 EPS for the current year.<br /> <br /> &nbsp;A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors Inc. boosted its position in RBC Bearings by 20.4% during the fourth quarter. Wasatch Advisors Inc. now owns 1,198,672 shares of the industrial products company’s stock valued at $151,512,000 after buying an additional 203,366 shares during the period. BlackRock Inc. boosted its position in RBC Bearings by 3.8% during 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 during the period. Port Capital LLC purchased a new stake in RBC Bearings during the fourth quarter valued at about $9,544,000. Cortina Asset Management LLC purchased a new stake in RBC Bearings during the fourth quarter valued at about $9,120,000. Finally, Goldman Sachs Group Inc. boosted its position in RBC Bearings by 22.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 352,148 shares of the industrial products company’s stock valued at $44,511,000 after buying an additional 64,511 shares during the period. 99.08% of the stock is currently owned by institutional investors and hedge funds.<br /> <br /> Several research analysts have recently weighed in on ROLL shares. CL King started coverage on shares of RBC Bearings in a report on Wednesday, November 29th. They issued a “buy” rating and a $142.00 price target on the stock. ValuEngine cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub cut shares of RBC Bearings from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Drexel Hamilton started coverage on shares of RBC Bearings in a report on Thursday, December 21st. They issued a “buy” rating and a $140.00 price target on the stock. Finally, Zacks Investment Research raised RBC Bearings from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a research note on Monday, January 8th. 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 company’s stock. The stock has an average rating of “Buy” and an average target price of $141.00.<br /> <div style="white-space:nowrap;"> <br /> </div>