RBC Bearings Inc (NASDAQ:ROLL) Stock Price While Sentiment Worsens

June 11, 2018 - By Vivian Currie

Sentiment for RBC Bearings Inc (NASDAQ:ROLL)

RBC Bearings Inc (NASDAQ:ROLL) institutional sentiment decreased to 1.26 in Q1 2018. Its down -0.32, from 1.58 in 2017Q4. The ratio turned negative, as 86 hedge funds increased or opened new stock positions, while 68 sold and decreased stock positions in RBC Bearings Inc. The hedge funds in our partner’s database reported: 23.26 million shares, down from 23.58 million shares in 2017Q4. Also, the number of hedge funds holding RBC Bearings Inc in their top 10 stock positions was flat from 3 to 3 for the same number . Sold All: 14 Reduced: 54 Increased: 58 New Position: 28.

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. The company has market cap of $3.16 billion. It operates in four divisions: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. It has a 38.75 P/E ratio. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.

The stock increased 0.27% or $0.35 during the last trading session, reaching $131.27. About 9,937 shares traded. RBC Bearings Incorporated (NASDAQ:ROLL) has risen 23.27% since June 11, 2017 and is uptrending. It has outperformed by 10.70% the S&P500.

Analysts await RBC Bearings Incorporated (NASDAQ:ROLL) to report earnings on August, 14. They expect $1.07 earnings per share, up 17.58 % or $0.16 from last year’s $0.91 per share. ROLL’s profit will be $25.79M for 30.67 P/E if the $1.07 EPS becomes a reality. After $1.08 actual earnings per share reported by RBC Bearings Incorporated for the previous quarter, Wall Street now forecasts -0.93 % negative EPS growth.

Snyder Capital Management L P holds 3.6% of its portfolio in RBC Bearings Incorporated for 587,679 shares. Kayne Anderson Rudnick Investment Management Llc owns 2.33 million shares or 2.17% of their US portfolio. Moreover, Wasatch Advisors Inc has 2.09% invested in the company for 1.30 million shares. The Colorado-based Rk Capital Management Llc has invested 2.02% in the stock. Fortaleza Asset Management Inc, a Illinois-based fund reported 2,095 shares.

Since January 1, 0001, it had 0 buys, and 9 selling transactions for $24.38 million activity.

More important recent RBC Bearings Incorporated (NASDAQ:ROLL) news were published by: Benzinga.com which released: “Earnings Scheduled For May 30, 2018” on May 30, 2018, also Businesswire.com published article titled: “RBC Bearings to Participate in the William Blair 38”, Gurufocus.com published: “Rbc Bearings Inc (ROLL) President and CEO Michael J Hartnett Sold $13.5 million of Shares” on June 05, 2018. More interesting news about RBC Bearings Incorporated (NASDAQ:ROLL) was released by: Businesswire.com and their article: “RBC Bearings Incorporated Announces Fiscal 2018 Fourth Quarter Results” with publication date: May 30, 2018.

RBC Bearings Incorporated (NASDAQ:ROLL) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: