NEWS

<p style="text-align:center;"> <img src="http://www.bearing.com.cn/membcentre/editor/attached/image/20180720/20180720103320_66574.bmp" alt="" /> </p> <p style="text-align:left;"> Davis R M Inc. boosted its stake in RBC Bearings Incorporated (NASDAQ:ROLL) by 16.3% during the 2nd quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The institutional investor owned 83,598 shares of the industrial products company’s stock after purchasing an additional 11,720 shares during the quarter. Davis R M Inc.’s holdings in RBC Bearings were worth $10,768,000 as of its most recent SEC filing.<br /> <br /> A number of other hedge funds also recently made changes to their positions in the business. Amalgamated Bank lifted its stake in RBC Bearings by 15.4% in the 2nd quarter. Amalgamated Bank now owns 3,607 shares of the industrial products company’s stock worth $465,000 after purchasing an additional 481 shares in the last quarter. Atria Investments LLC lifted its stake in RBC Bearings by 15.4% in the 2nd quarter. Atria Investments LLC now owns 4,602 shares of the industrial products company’s stock worth $593,000 after purchasing an additional 613 shares in the last quarter. Confluence Investment Management LLC lifted its stake in RBC Bearings by 2.0% in the 2nd quarter. Confluence Investment Management LLC now owns 25,901 shares of the industrial products company’s stock worth $3,336,000 after purchasing an additional 514 shares in the last quarter. Port Capital LLC lifted its stake in RBC Bearings by 8.7% in the 2nd quarter. Port Capital LLC now owns 136,914 shares of the industrial products company’s stock worth $17,636,000 after purchasing an additional 10,955 shares in the last quarter. Finally, Suntrust Banks Inc. lifted its stake in RBC Bearings by 4.3% in the 1st quarter. Suntrust Banks Inc. now owns 28,121 shares of the industrial products company’s stock worth $3,492,000 after purchasing an additional 1,158 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.<br /> <br /> In other news, CEO Michael J. Hartnett sold 5,400 shares of the business’s stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $134.90, for a total value of $728,460.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael J. Hartnett sold 105,202 shares of the business’s stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $128.34, for a total transaction of $13,501,624.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 228,736 shares of company stock worth $29,640,452. Insiders own 3.70% of the company’s stock.<br /> &nbsp;<br /> Shares of RBC Bearings traded up $1.22, reaching $138.55, during trading hours on Thursday, Marketbeat.com reports. The company’s stock had a trading volume of 1,865 shares, compared to its average volume of 82,290. RBC Bearings Incorporated has a one year low of $101.08 and a one year high of $139.95. The company has a quick ratio of 1.69, a current ratio of 4.60 and a debt-to-equity ratio of 0.18. The company has a market cap of $3.29 billion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 4.95 and a beta of 1.34.<br /> <br /> RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Wednesday, May 30th. The industrial products company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.05). RBC Bearings had a return on equity of 11.96% and a net margin of 12.91%. The business had revenue of $179.90 million during the quarter, compared to the consensus estimate of $175.57 million. During the same quarter last year, the firm earned $0.90 earnings per share. The business’s quarterly revenue was up 12.3% on a year-over-year basis. sell-side analysts expect that RBC Bearings Incorporated will post 4.65 earnings per share for the current fiscal year.<br /> <br /> Several analysts have commented on ROLL shares. William Blair reiterated an “outperform” rating on shares of RBC Bearings in a research note on Thursday, May 31st. BidaskClub cut shares of RBC Bearings from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, SunTrust Banks started coverage on shares of RBC Bearings in a research note on Wednesday, June 20th. They issued a “hold” rating and a $133.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $139.40.<br /> </p>