<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180129/20180129144818_36034.jpg" alt="" /> </p> <p> RBC Bearings Incorporated (NASDAQ:ROLL) was the recipient of a large decline in short interest during the month of December. As of December 29th, there was short interest totalling 242,181 shares, a decline of 51.8% from the December 15th total of 502,618 shares. Based on an average daily volume of 69,877 shares, the days-to-cover ratio is presently 3.5 days. Currently, 1.0% of the company’s shares are short sold. </p> <br /> Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded RBC Bearings from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research report on Tuesday, January 23rd. ValuEngine lowered RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub lowered RBC Bearings from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. CL King assumed coverage on RBC Bearings in a research report on Wednesday, November 29th. They set a “buy” rating and a $142.00 target price for the company. Finally, Bank of America boosted their target price on RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. RBC Bearings currently has an average rating of “Buy” and a consensus target price of $141.50.<br /> <br /> RBC Bearings (NASDAQ:ROLL) opened at $130.00 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.68 and a quick ratio of 1.64. RBC Bearings has a 12-month low of $88.70 and a 12-month high of $139.95. The stock has a market capitalization of $3,120.00, a P/E ratio of 44.07, a P/E/G ratio of 6.00 and a beta of 1.35.<br /> <br /> &nbsp;RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings data on Friday, November 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.02). RBC Bearings had a net margin of 11.18% and a return on equity of 11.10%. The business had revenue of $164.30 million during the quarter, compared to analyst estimates of $164.56 million. During the same quarter in the prior year, the firm posted $0.78 earnings per share. RBC Bearings’s revenue for the quarter was up 6.8% compared to the same quarter last year. research analysts anticipate that RBC Bearings will post 3.74 earnings per share for the current fiscal year.<br /> <br /> In other news, insider Michael J. Hartnett sold 1,687 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $128.28, for a total transaction of $216,408.36. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael J. Hartnett sold 500 shares of the business’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $128.00, for a total value of $64,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 37,487 shares of company stock valued at $4,632,657 over the last three months. Company insiders own 3.70% of the company’s stock.<br /> <br /> Several institutional investors and hedge funds have recently modified their holdings of ROLL. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of RBC Bearings by 106.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,237 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 637 shares during the period. SG Americas Securities LLC acquired a new position in shares of RBC Bearings in the 3rd quarter valued at approximately $189,000. Victory Capital Management Inc. grew its position in shares of RBC Bearings by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 2,024 shares of the industrial products company’s stock valued at $206,000 after purchasing an additional 302 shares during the period. Comerica Bank acquired a new position in shares of RBC Bearings in the 3rd quarter valued at approximately $230,000. Finally, Strs Ohio boosted its position in RBC Bearings by 58.3% during the 3rd quarter. Strs Ohio now owns 1,900 shares of the industrial products company’s stock worth $237,000 after acquiring an additional 700 shares during the last quarter. Institutional investors and hedge funds own 98.81% of the company’s stock.<br />