NEWS

<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180514/20180514091346_40204.bmp" alt="" /> </p> <p style="text-align:center;"> <br /> </p> <p style="text-align:left;"> Millennium Management LLC purchased a new stake in shares of RBC Bearings Incorporated (NASDAQ:ROLL) in the 4th quarter, according to its most recent 13F filing with the Securities &amp; Exchange Commission. The institutional investor purchased 18,526 shares of the industrial products company’s stock, valued at approximately $2,342,000. Millennium Management LLC owned 0.08% of RBC Bearings as of its most recent SEC filing.<br /> <br /> Other hedge funds and other institutional investors have also bought and sold shares of the company. Wasatch Advisors Inc. increased its stake 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 valued at $151,512,000 after purchasing an additional 203,366 shares in the last quarter. BlackRock Inc. increased its stake 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 valued at $261,229,000 after purchasing an additional 76,161 shares in the last quarter. Port Capital LLC bought a new position in shares of RBC Bearings during the fourth quarter valued at approximately $9,544,000. Cortina Asset Management LLC purchased a new stake in shares of RBC Bearings during the fourth quarter valued at approximately $9,120,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of RBC Bearings by 22.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 352,148 shares of the industrial products company’s stock valued at $44,511,000 after buying an additional 64,511 shares during the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.<br /> <br /> RBC Bearings opened at $121.94 on Friday, MarketBeat.com reports. RBC Bearings Incorporated has a twelve month low of $120.44 and a twelve month high of $122.10. 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 stock has a market capitalization of $2.91 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 4.37 and a beta of 1.28.<br /> <br /> RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.19. The company had revenue of $166.86 million during the quarter, compared to analysts’ expectations of $163.46 million. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. equities analysts forecast that RBC Bearings Incorporated will post 3.91 earnings per share for the current fiscal year.<br /> <br /> In other RBC Bearings news, Director Alan B. Levine sold 4,900 shares of the company’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 available at this hyperlink. Also, insider Thomas C. Crainer sold 5,000 shares of the company’s stock in a transaction that occurred on 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. In the last 90 days, insiders sold 92,989 shares of company stock valued at $11,736,880. Company insiders own 3.70% of the company’s stock.<br /> <br /> Several brokerages recently issued reports on ROLL. BidaskClub cut shares of RBC Bearings from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research downgraded shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $141.00.<br /> </p>