NEWS

<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180403/20180403100115_22562.jpg" alt="" /> </p> <p> BidaskClub upgraded shares of RBC Bearings (NASDAQ:ROLL) from a sell rating to a hold rating in a research note released on Wednesday, March 14th. </p> <br /> A number of other brokerages also recently weighed in on ROLL. Zacks Investment Research downgraded shares of RBC Bearings from a buy rating to a hold rating in a research note on Tuesday, January 9th. CL King started coverage on shares of RBC Bearings in a research note on Wednesday, November 29th. They issued a buy rating and a $142.00 price target for the company. ValuEngine downgraded shares of RBC Bearings from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, Drexel Hamilton started coverage on shares of RBC Bearings in a research note on Thursday, December 21st. They issued a buy rating and a $140.00 price target for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $141.00.<br /> <br /> ROLL stock opened at $124.20 on Wednesday. The firm has a market cap of $3,016.69, a PE ratio of 39.18, a price-to-earnings-growth ratio of 5.41 and a beta of 1.29. RBC Bearings has a 52-week low of $91.00 and a 52-week 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.&nbsp;<br /> <br /> RBC Bearings (NASDAQ:ROLL) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.19. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. The business had revenue of $166.86 million during the quarter, compared to the consensus estimate of $163.46 million. During the same quarter last year, the firm earned $0.73 earnings per share. RBC Bearings’s quarterly revenue was up 13.8% on a year-over-year basis. research analysts predict that RBC Bearings will post 3.91 EPS for the current year.&nbsp;<br /> <br /> In other news, CEO Michael J. Hartnett sold 24,218 shares of RBC Bearings stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $128.02, for a total transaction of $3,100,388.36. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available 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 transaction of $624,600.00. The disclosure for this sale can be found here. Insiders have sold 92,989 shares of company stock valued at $11,736,880 over the last quarter. Corporate insiders own 3.70% of the company’s stock.&nbsp;<br /> <br /> Hedge funds and other institutional investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB purchased a new position in RBC Bearings during the fourth quarter worth about $312,000. Envestnet Asset Management Inc. boosted its holdings in RBC Bearings by 3.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 26,030 shares of the industrial products company’s stock worth $3,290,000 after purchasing an additional 845 shares during the last quarter. Sterling Capital Management LLC purchased a new position in RBC Bearings during the fourth quarter worth about $1,129,000. MetLife Investment Advisors LLC purchased a new position in RBC Bearings during the fourth quarter worth about $1,375,000. Finally, Gotham Asset Management LLC purchased a new position in RBC Bearings during the fourth quarter worth about $374,000. Hedge funds and other institutional investors own 99.49% of the company’s stock.&nbsp;<br /> <br />