NEWS

BidaskClub upgraded shares of RBC Bearings (NASDAQ:ROLL) from a sell rating to a hold rating in a research report report published on Wednesday morning.<br /> <p> <br /> </p> <p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180319/20180319102207_85434.jpg" alt="" /> </p> A number of other research analysts have also recently commented on the company. Drexel Hamilton started coverage on RBC Bearings in a research report on Thursday, December 21st. They issued a buy rating and a $140.00 price target on the stock. CL King started coverage on RBC Bearings in a research report on Wednesday, November 29th. They issued a buy rating and a $142.00 price target on the stock. Zacks Investment Research upgraded RBC Bearings from a hold rating to a buy rating and set a $144.00 price target on the stock in a research report on Tuesday, January 23rd. Finally, ValuEngine cut RBC Bearings from a buy rating to a hold rating in a research report 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. The stock presently has an average rating of Buy and an average target price of $141.00.<br /> <br /> Shares of RBC Bearings (ROLL) opened at $125.02 on Wednesday. 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 twelve month low of $89.92 and a twelve month high of $139.95. The firm has a market capitalization of $3,036.61, a price-to-earnings ratio of 33.88, a PEG ratio of 5.45 and a beta of 1.29.&nbsp;<br /> <br /> RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings results 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 analysts’ expectations of $163.46 million. During the same quarter last year, the business earned $0.73 earnings per share. RBC Bearings’s revenue was up 13.8% on a year-over-year basis. research analysts forecast that RBC Bearings will post 3.91 EPS for the current fiscal year.&nbsp;<br /> <br /> In other RBC Bearings news, CEO Michael J. Hartnett sold 500 shares of RBC Bearings stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $128.00, for a total value of $64,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas C. Crainer sold 5,000 shares of RBC Bearings stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $124.92, for a total value of $624,600.00. The disclosure for this sale can be found here. Insiders sold 90,689 shares of company stock worth $11,442,480 in the last 90 days. 3.70% of the stock is owned by company insiders.&nbsp;<br /> <br /> A number of institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB bought a new position in RBC Bearings in the fourth quarter valued at about $312,000. Envestnet Asset Management Inc. grew its position in RBC Bearings by 3.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,030 shares of the industrial products company’s stock valued at $3,290,000 after acquiring an additional 845 shares during the last quarter. Sterling Capital Management LLC bought a new position in RBC Bearings in the fourth quarter valued at about $1,129,000. MetLife Investment Advisors LLC bought a new position in RBC Bearings in the fourth quarter valued at about $1,375,000. Finally, Gotham Asset Management LLC bought a new position in RBC Bearings in the fourth quarter valued at about $374,000. Hedge funds and other institutional investors own 99.59% of the company’s stock.&nbsp;<br />