RBC Bearings Incorporated (NASDAQ:ROLL) Insider Sells $1,279,729.00 in Stock

RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 7,925 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $161.48, for a total transaction of $1,279,729.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

Michael J. Hartnett also recently made the following trade(s):

  • On Monday, June 10th, Michael J. Hartnett sold 2,201 shares of RBC Bearings stock. The shares were sold at an average price of $150.55, for a total transaction of $331,360.55.
  • On Friday, June 7th, Michael J. Hartnett sold 2,800 shares of RBC Bearings stock. The shares were sold at an average price of $150.46, for a total transaction of $421,288.00.
  • On Tuesday, June 11th, Michael J. Hartnett sold 5,381 shares of RBC Bearings stock. The shares were sold at an average price of $150.48, for a total transaction of $809,732.88.

Shares of ROLL stock traded down $0.20 during mid-day trading on Friday, hitting $161.63. The company had a trading volume of 71,091 shares, compared to its average volume of 107,629. The stock has a market capitalization of $4.01 billion, a P/E ratio of 33.39, a P/E/G ratio of 5.18 and a beta of 1.30. The company has a 50 day simple moving average of $157.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.58 and a quick ratio of 1.87. RBC Bearings Incorporated has a 52-week low of $123.50 and a 52-week high of $171.54.

RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings results on Thursday, May 23rd. The industrial products company reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.11. RBC Bearings had a net margin of 14.97% and a return on equity of 13.01%. The firm had revenue of $182.20 million for the quarter, compared to analysts’ expectations of $180.76 million. During the same period in the prior year, the business posted $1.08 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities analysts expect that RBC Bearings Incorporated will post 5.32 earnings per share for the current year.

A number of analysts recently commented on the stock. SunTrust Banks upped their price target on shares of Copart to $78.00 and gave the company a “buy” rating in a research note on Friday, May 24th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. BidaskClub lowered shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, William Blair reaffirmed a “buy” rating on shares of Dynavax Technologies in a research report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. RBC Bearings currently has a consensus rating of “Hold” and an average price target of $161.33.

Institutional investors have recently made changes to their positions in the stock. Comerica Bank increased its position in RBC Bearings by 6.9% in the fourth quarter. Comerica Bank now owns 1,894 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 123 shares during the period. Virginia Retirement Systems ET AL raised its position in RBC Bearings by 1.6% in the 4th quarter. Virginia Retirement Systems ET AL now owns 6,500 shares of the industrial products company’s stock valued at $852,000 after buying an additional 100 shares during the last quarter. Prudential Financial Inc. increased its position in shares of RBC Bearings by 19.8% during the 4th quarter. Prudential Financial Inc. now owns 3,233 shares of the industrial products company’s stock worth $424,000 after purchasing an additional 535 shares during the last quarter. LPL Financial LLC acquired a new position in shares of RBC Bearings during the 4th quarter worth approximately $232,000. Finally, New York State Common Retirement Fund increased its position in shares of RBC Bearings by 13.7% during the 4th quarter. New York State Common Retirement Fund now owns 41,584 shares of the industrial products company’s stock worth $5,452,000 after purchasing an additional 5,023 shares during the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

RBC Bearings Company Profile

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates in four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. 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 inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.

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Insider Buying and Selling by Quarter for RBC Bearings (NASDAQ:ROLL)

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