NEWS

<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180315/20180315103248_81076.jpg" alt="" /> </p> <p> RBC Bearings (NASDAQ:ROLL) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday. </p> <br /> Other analysts also recently issued research reports about the company. Zacks Investment Research raised RBC Bearings from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a research note on Monday, January 8th. Drexel Hamilton initiated coverage on RBC Bearings in a research note on Thursday, December 21st. They issued a “buy” rating and a $140.00 price objective on the stock. CL King initiated coverage on RBC Bearings in a research note on Wednesday, November 29th. They issued a “buy” rating and a $142.00 price objective on the stock. Finally, ValuEngine downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. RBC Bearings has an average rating of “Buy” and an average target price of $141.00.<br /> <br /> RBC Bearings (NASDAQ ROLL) traded down $2.06 on Wednesday, hitting $124.69. The stock had a trading volume of 14,202 shares, compared to its average volume of 86,708. RBC Bearings has a 12 month low of $89.87 and a 12 month high of $139.95. The company has a quick ratio of 1.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.23. The company has a market cap of $3,068.00, a P/E ratio of 36.96, a PEG ratio of 5.50 and a beta of 1.29.&nbsp;<br /> <br /> <br /> RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.19. RBC Bearings had a return on equity of 11.79% and a net margin of 12.52%. The company had revenue of $166.86 million for the quarter, compared to the consensus estimate of $163.46 million. During the same quarter in the previous year, the business earned $0.73 EPS. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. research analysts expect that RBC Bearings will post 3.91 earnings per share for the current fiscal year.&nbsp;<br /> <br /> In other news, insider Michael J. Hartnett sold 500 shares of the business’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $128.00, for a total transaction of $64,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Patrick S. Bannon sold 447 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $124.00, for a total value of $55,428.00. The disclosure for this sale can be found here. Insiders have sold 85,689 shares of company stock worth $10,817,880 over the last ninety days. 3.70% of the stock is owned by insiders.&nbsp;<br /> <br /> Several institutional investors have recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of RBC Bearings by 1.3% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,287,621 shares of the industrial products company’s stock worth $286,296,000 after purchasing an additional 29,134 shares during the period. BlackRock Inc. raised its position in shares of RBC Bearings by 3.8% during the fourth quarter. BlackRock Inc. now owns 2,066,687 shares of the industrial products company’s stock worth $261,229,000 after purchasing an additional 76,161 shares during the period. Wasatch Advisors Inc. raised its position in shares of 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 worth $151,512,000 after purchasing an additional 203,366 shares during the period. Wells Fargo &amp; Company MN raised its position in shares of RBC Bearings by 3.0% during the fourth quarter. Wells Fargo &amp; Company MN now owns 647,973 shares of the industrial products company’s stock worth $81,904,000 after purchasing an additional 18,871 shares during the period. Finally, Royce &amp; Associates LP raised its position in shares of RBC Bearings by 0.9% during the third quarter. Royce &amp; Associates LP now owns 489,177 shares of the industrial products company’s stock worth $61,221,000 after purchasing an additional 4,200 shares during the period. 99.59% of the stock is currently owned by institutional investors.&nbsp;<br /> <br /> <br /> <br />