NEWS

<p style="text-align:center;"> <img src="http://www.bearing.com.cn/membcentre/editor/attached/image/20180814/20180814094539_25515.bmp" alt="" /> </p> <p style="text-align:left;"> RBC Bearings (NASDAQ:ROLL) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, August 4th.<br /> <br /> A number of other research firms have also commented on ROLL. Zacks Investment Research upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $159.00 price objective on the stock in a research note on Tuesday, July 31st. 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 objective on the stock. Finally, William Blair restated an “outperform” rating on shares of RBC Bearings in a research note on Thursday, May 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $142.80.<br /> <br /> NASDAQ ROLL traded up $0.37 during trading on Friday, reaching $140.24. The company’s stock had a trading volume of 80,163 shares, compared to its average volume of 82,743. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.12 and a current ratio of 5.79. The firm has a market cap of $3.44 billion, a PE ratio of 36.31, a P/E/G ratio of 5.04 and a beta of 1.39. RBC Bearings has a twelve month low of $102.33 and a twelve month high of $151.50.<br /> <br /> RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.10. The company had revenue of $176.00 million for the quarter, compared to analyst estimates of $174.32 million. RBC Bearings had a net margin of 13.51% and a return on equity of 12.29%. RBC Bearings’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. research analysts predict that RBC Bearings will post 4.73 earnings per share for the current year.<br /> <br /> In related news, insider Michael J. Hartnett sold 105,202 shares of the business’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $128.34, for a total transaction of $13,501,624.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard R. Crowell sold 2,100 shares of the business’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $129.71, for a total transaction of $272,391.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 368,485 shares of company stock worth $49,245,620. Insiders own 3.10% of the company’s stock.<br /> <br /> Hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in RBC Bearings by 31.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,628 shares of the industrial products company’s stock worth $210,000 after buying an additional 391 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of RBC Bearings by 58.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,857 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 687 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in shares of RBC Bearings in the fourth quarter valued at about $276,000. Xact Kapitalforvaltning AB purchased a new stake in shares of RBC Bearings in the fourth quarter valued at about $312,000. Finally, Ramsey Quantitative Systems purchased a new stake in shares of RBC Bearings in the second quarter valued at about $319,000. 97.32% of the stock is currently owned by hedge funds and other institutional investors.<br /> </p>