NEWS

<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180413/20180413110512_97360.png" alt="" /> </p> <p> Gotham Asset Management LLC acquired a new stake in RBC Bearings Incorporated (NASDAQ:ROLL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,958 shares of the industrial products company’s stock, valued at approximately $374,000.&nbsp; </p> <br /> Other institutional investors have also bought and sold shares of the company. M&amp;T Bank Corp grew its stake in shares of RBC Bearings by 3.7% during the fourth quarter. M&amp;T Bank Corp now owns 14,431 shares of the industrial products company’s stock worth $1,824,000 after buying an additional 521 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of RBC Bearings by 6.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 10,082 shares of the industrial products company’s stock worth $1,262,000 after purchasing an additional 622 shares during the last quarter. BB&amp;T Securities LLC grew its stake in shares of RBC Bearings by 6.0% in the third quarter. BB&amp;T Securities LLC now owns 10,943 shares of the industrial products company’s stock worth $1,369,000 after purchasing an additional 624 shares during the last quarter. Rhumbline Advisers lifted its holdings in RBC Bearings by 2.3% in the third quarter. Rhumbline Advisers now owns 31,199 shares of the industrial products company’s stock valued at $3,905,000 after buying an additional 694 shares during the period. Finally, Global X Management Co. LLC lifted its holdings in RBC Bearings by 75.0% in 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. Institutional investors and hedge funds own 99.47% of the company’s stock.&nbsp;<br /> <br /> NASDAQ ROLL opened at $122.44 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.65 and a current ratio of 4.65. The company has a market capitalization of $2,965.50, a price-to-earnings ratio of 33.09, a PEG ratio of 4.44 and a beta of 1.26. RBC Bearings Incorporated has a 1 year low of $91.00 and a 1 year high of $139.95.<br /> RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.19. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. The firm had revenue of $166.86 million for the quarter, compared to analysts’ expectations of $163.46 million. During the same quarter last year, the company posted $0.73 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. research analysts forecast that RBC Bearings Incorporated will post 3.91 EPS for the current fiscal year.&nbsp;<br /> <br /> Several brokerages have recently weighed in on ROLL. Zacks Investment Research lowered shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th. BidaskClub raised shares of RBC Bearings from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Finally, Drexel Hamilton began coverage on shares of RBC Bearings in a research report on Thursday, December 21st. They issued a “buy” rating and a $140.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $141.00.<br /> <br /> In related news, insider Michael J. Hartnett sold 3,300 shares of RBC Bearings stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $128.00, for a total transaction of $422,400.00. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through the SEC website. Also, Director Alan B. Levine sold 4,900 shares of RBC Bearings stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $115.70, for a total transaction of $566,930.00. The disclosure for this sale can be found here. In the last three months, insiders sold 92,989 shares of company stock worth $11,736,880. Insiders own 3.70% of the company’s stock.&nbsp;<br /> <div style="white-space:nowrap;"> <br /> </div>