NEWS

<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180511/20180511093810_63390.jpg" alt="" /> </p> <p> BidaskClub downgraded shares of RBC Bearings (NASDAQ:ROLL) from a hold rating to a sell rating in a research note issued to investors on Wednesday, May 2nd. </p> <br /> Separately, Zacks Investment Research cut shares of RBC Bearings from a buy rating to a hold rating in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $141.00.<br /> <br /> NASDAQ ROLL traded up $0.76 during trading hours on Wednesday, hitting $120.76. The company had a trading volume of 844 shares, compared to its average volume of 70,359. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.65 and a quick ratio of 1.65. RBC Bearings has a 1-year low of $119.49 and a 1-year high of $122.51. The company has a market capitalization of $2.93 billion, a PE ratio of 32.64, a P/E/G ratio of 4.38 and a beta of 1.28.<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 the consensus estimate of $0.86 by $0.19. The business had revenue of $166.86 million during the quarter, compared to the consensus estimate of $163.46 million. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 earnings per share. research analysts expect that RBC Bearings will post 3.91 earnings per share for the current year.<br /> <br /> In related news, Director Alan B. Levine sold 4,900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $115.70, for a total transaction of $566,930.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael J. Hartnett sold 3,300 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $128.00, for a total transaction of $422,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,989 shares of company stock worth $11,736,880. 3.70% of the stock is owned by company insiders.<br /> <br /> Institutional investors and hedge funds have recently made changes to their positions in the business. Global X Management Co. LLC boosted its holdings in shares of RBC Bearings by 75.0% in the 4th quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 705 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of RBC Bearings by 58.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,857 shares of the industrial products company’s stock valued at $231,000 after acquiring an additional 687 shares during the period. Guggenheim Capital LLC purchased a new stake in RBC Bearings during the 4th quarter worth $276,000. SG Americas Securities LLC increased its stake in RBC Bearings by 56.4% during the 4th quarter. SG Americas Securities LLC now owns 2,368 shares of the industrial products company’s stock worth $299,000 after buying an additional 854 shares during the period. Finally, Xact Kapitalforvaltning AB purchased a new stake in RBC Bearings during the 4th quarter worth $312,000. Institutional investors own 99.43% of the company’s stock.<br />