RBC Bearings Incorporated (NASDAQ:ROLL) 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Michael J. Hartnett also recently made the following trade(s):
- On Wednesday, December 6th, Michael J. Hartnett sold 3,500 shares of RBC Bearings stock. The stock was sold at an average price of $128.79, for a total transaction of $450,765.00.
- On Tuesday, December 5th, Michael J. Hartnett sold 6,300 shares of RBC Bearings stock. The stock was sold at an average price of $128.68, for a total transaction of $810,684.00.
Shares of RBC Bearings Incorporated (NASDAQ:ROLL) traded down $2.25 during trading hours on Friday, hitting $123.84. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.68 and a quick ratio of 1.64. The company has a market cap of $3,000.00, a P/E ratio of 36.75, a P/E/G ratio of 5.81 and a beta of 1.34. RBC Bearings Incorporated has a 1 year low of $87.61 and a 1 year high of $139.95.
RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings data on Friday, November 3rd. The industrial products company reported $0.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.02). The business had revenue of $164.30 million for the quarter, compared to analysts’ expectations of $164.56 million. RBC Bearings had a net margin of 11.18% and a return on equity of 11.10%. RBC Bearings’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. analysts predict that RBC Bearings Incorporated will post 3.63 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on ROLL shares. Zacks Investment Research downgraded shares of RBC Bearings from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. CL King started coverage on shares of RBC Bearings in a report on Wednesday, November 29th. They issued a “buy” rating and a $142.00 price target on the stock. Bank of America boosted their price target on shares of RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. ValuEngine downgraded shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub raised shares of RBC Bearings from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $139.33.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROLL. Strs Ohio lifted its holdings in RBC Bearings by 71.4% during the second quarter. Strs Ohio now owns 1,200 shares of the industrial products company’s stock valued at $122,000 after purchasing an additional 500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in RBC Bearings by 106.2% during the second 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 last quarter. SG Americas Securities LLC purchased a new stake in RBC Bearings during the third quarter valued at about $189,000. Victory Capital Management Inc. lifted its holdings in RBC Bearings by 17.5% during the second 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 last quarter. Finally, Comerica Bank purchased a new stake in RBC Bearings during the third quarter valued at about $230,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.
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RBC Bearings Company Profile
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.
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