Rbc Bearings (ROLL) Shareholder Snyder Capital Management LP Has Cut Holding by $8.83 Million; General Elec Co (GE) Shareholder Mcmillion Capital Management Decreased Its Stake as Share Price Declined

May 18, 2018 - By Louis Casey

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Snyder Capital Management LP decreased its stake in Rbc Bearings Inc. (ROLL) by 10.63% based on its latest 2017Q4 regulatory filing with the SEC. Snyder Capital Management LP sold 70,066 shares as the company’s stock declined 4.34% with the market. The institutional investor held 589,010 shares of the metal fabrications company at the end of 2017Q4, valued at $74.45M, down from 659,076 at the end of the previous reported quarter. Snyder Capital Management LP who had been investing in Rbc Bearings Inc. for a number of months, seems to be less bullish one the $2.86B market cap company. The stock increased 1.20% or $1.43 during the last trading session, reaching $120.93. About 79,266 shares traded or 2.80% up from the average. RBC Bearings Incorporated (NASDAQ:ROLL) has risen 31.39% since May 18, 2017 and is uptrending. It has outperformed by 19.84% the S&P500.

Mcmillion Capital Management Inc decreased its stake in General Elec Co (GE) by 46.21% based on its latest 2017Q4 regulatory filing with the SEC. Mcmillion Capital Management Inc sold 50,928 shares as the company’s stock declined 23.20% with the market. The institutional investor held 59,279 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.03 million, down from 110,207 at the end of the previous reported quarter. Mcmillion Capital Management Inc who had been investing in General Elec Co for a number of months, seems to be less bullish one the $130.54B market cap company. It closed at $15.03 lastly. It is down 54.35% since May 18, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It fall, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Ronna Sue Cohen has 128,035 shares. Atwood & Palmer Inc holds 27,489 shares or 0.07% of its portfolio. 26,175 were accumulated by Dean Invest Associate Limited Com. Tnb Fincl invested in 1.18% or 360,077 shares. Graybill Bartz Associates owns 125,984 shares. Mathes Co Inc accumulated 0.46% or 57,409 shares. Tiverton Asset Ltd Liability Co reported 0.13% of its portfolio in General Electric Company (NYSE:GE). Marco Invest Mgmt Limited Liability stated it has 264,614 shares or 0.7% of all its holdings. Northern Tru holds 0.48% in General Electric Company (NYSE:GE) or 109.49 million shares. Nelson Roberts Invest Advisors Ltd Liability has invested 0.05% in General Electric Company (NYSE:GE). Prentiss Smith And Inc invested 0.43% in General Electric Company (NYSE:GE). Cape Ann Natl Bank stated it has 0.41% in General Electric Company (NYSE:GE). Beck Mack & Oliver Ltd Liability Co stated it has 181,440 shares. Axa stated it has 3.94M shares. Cwm, a Nebraska-based fund reported 30,529 shares.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 102 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) earned “Underweight” rating by JP Morgan on Monday, February 12. On Monday, October 23 the stock rating was downgraded by Morgan Stanley to “Underweight”. The firm earned “Buy” rating on Friday, July 7 by Stifel Nicolaus. The rating was maintained by Cowen & Co on Wednesday, April 11 with “Hold”. The firm has “Buy” rating given on Wednesday, August 26 by TheStreet. Stifel Nicolaus maintained General Electric Company (NYSE:GE) on Tuesday, April 3 with “Hold” rating. The company was downgraded on Friday, July 21 by CFRA. Citigroup initiated General Electric Company (NYSE:GE) on Thursday, January 21 with “Buy” rating. Stifel Nicolaus maintained General Electric Company (NYSE:GE) rating on Monday, October 19. Stifel Nicolaus has “Buy” rating and $32 target. The firm has “Sell” rating by Standpoint Research given on Friday, July 22.

Since January 26, 2018, it had 1 insider buy, and 0 selling transactions for $43,446 activity.

More notable recent General Electric Company (NYSE:GE) news were published by: Benzinga.com which released: “Analyst: Wabtec A Buy On Potential GE Synergies” on April 23, 2018, also Fool.com with their article: “5 Lessons to Learn From General Electric’s Long Slump” published on May 18, 2018, Bizjournals.com published: “GE, Teradyne urge Trump administration to ditch Chinese tariffs” on May 16, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “General Electric’s Death Could Be Best For Shareholders” published on April 25, 2018 as well as Seekingalpha.com‘s news article titled: “3D printing for the military at GE” with publication date: May 02, 2018.

Mcmillion Capital Management Inc, which manages about $226.22 million and $166.48M US Long portfolio, upped its stake in Ishares Nasdaq Biotechnology E (IBB) by 14,782 shares to 21,612 shares, valued at $2.31 million in 2017Q4, according to the filing.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 earnings per share, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56 billion for 20.88 P/E if the $0.18 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Snyder Capital Management L P, which manages about $2.16 billion and $2.01 billion US Long portfolio, upped its stake in Dollar Tree Inc. (NASDAQ:DLTR) by 8,789 shares to 173,902 shares, valued at $18.66 million in 2017Q4, according to the filing. It also increased its holding in Td Ameritrade Holding Corp. (NYSE:AMTD) by 8,148 shares in the quarter, for a total of 177,675 shares, and has risen its stake in Minerals Technologies Inc (NYSE:MTX).

Since February 14, 2018, it had 0 insider buys, and 7 insider sales for $5.95 million activity. LEVINE ALAN B had sold 1,660 shares worth $201,806. HARTNETT MICHAEL J had sold 27,421 shares worth $3.51M on Friday, March 9. $563,890 worth of stock was sold by Faghri Amir on Friday, March 9. Another trade for 447 shares valued at $55,428 was made by Bannon Patrick S. on Thursday, March 8.

Among 9 analysts covering RBC Bearings (NASDAQ:ROLL), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. RBC Bearings had 11 analyst reports since September 22, 2015 according to SRatingsIntel. The company was maintained on Monday, March 21 by Avondale. The stock of RBC Bearings Incorporated (NASDAQ:ROLL) earned “Neutral” rating by Seaport Global Securities on Friday, October 14. As per Friday, November 6, the company rating was downgraded by Seaport Global Securities. The stock of RBC Bearings Incorporated (NASDAQ:ROLL) has “Sector Weight” rating given on Tuesday, August 9 by KeyBanc Capital Markets. Global Hunter Securities upgraded RBC Bearings Incorporated (NASDAQ:ROLL) rating on Monday, September 28. Global Hunter Securities has “Buy” rating and $69 target. The firm earned “Hold” rating on Friday, September 15 by KeyBanc Capital Markets. The company was maintained on Wednesday, November 8 by Bank of America. The rating was downgraded by TheStreet on Tuesday, September 22 to “Hold”. The firm has “Buy” rating given on Wednesday, November 29 by C.L. King.

Analysts await RBC Bearings Incorporated (NASDAQ:ROLL) to report earnings on May, 30. They expect $1.13 EPS, up 25.56% or $0.23 from last year’s $0.9 per share. ROLL’s profit will be $26.68 million for 26.75 P/E if the $1.13 EPS becomes a reality. After $1.05 actual EPS reported by RBC Bearings Incorporated for the previous quarter, Wall Street now forecasts 7.62% EPS growth.

Investors sentiment decreased to 1.58 in Q4 2017. Its down 0.42, from 2 in 2017Q3. It dropped, as 8 investors sold ROLL shares while 51 reduced holdings. 30 funds opened positions while 63 raised stakes. 23.58 million shares or 1.65% more from 23.19 million shares in 2017Q3 were reported. Wells Fargo & Company Mn reported 0.02% stake. Tiaa Cref Inv Management Ltd Limited Liability Company holds 0% of its portfolio in RBC Bearings Incorporated (NASDAQ:ROLL) for 59,508 shares. Parametric Port Associate Ltd Company holds 44,175 shares. Marsico Cap Limited Liability Company invested in 0.05% or 9,507 shares. Whittier Of Nevada holds 0.01% or 1,170 shares. Lord Abbett Communication Limited Company invested 0.06% in RBC Bearings Incorporated (NASDAQ:ROLL). Guggenheim Cap Ltd Liability Com has invested 0% in RBC Bearings Incorporated (NASDAQ:ROLL). Rafferty Asset Lc invested in 0.01% or 3,892 shares. Retail Bank Of America De accumulated 57,753 shares. Wesbanco Bank Incorporated reported 0.02% of its portfolio in RBC Bearings Incorporated (NASDAQ:ROLL). Raymond James Associates stated it has 62,758 shares. Moreover, Harbour Inv Mgmt Limited Liability Com has 1.68% invested in RBC Bearings Incorporated (NASDAQ:ROLL). Plante Moran Limited Liability Co, a Michigan-based fund reported 75 shares. Jpmorgan Chase And, a New York-based fund reported 1.17M shares. State Street Corporation owns 0% invested in RBC Bearings Incorporated (NASDAQ:ROLL) for 465,927 shares.

More news for RBC Bearings Incorporated (NASDAQ:ROLL) were recently published by: Businesswire.com, which released: “RBC Bearings to Webcast Fourth Quarter Fiscal Year 2018 Results Earnings Conference Call May 30” on May 15, 2018. Globenewswire.com‘s article titled: “Research Report Identifies MCBC, Tompkins Financial, RBC Bearings, REX American Resources, United States Lime …” and published on May 01, 2018 is yet another important article.

RBC Bearings Incorporated (NASDAQ:ROLL) Institutional Positions Chart

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