Michael J. Hartnett Sells 2,800 Shares of RBC Bearings Incorporated (NASDAQ:ROLL) Stock

RBC Bearings Incorporated (NASDAQ:ROLL) CEO Michael J. Hartnett sold 2,800 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $150.46, for a total value of $421,288.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 value of $331,360.55.
  • 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 value of $809,732.88.

Shares of RBC Bearings stock traded up $0.88 on Wednesday, reaching $150.14. 14,062 shares of the company were exchanged, compared to its average volume of 111,054. The firm has a market capitalization of $3.70 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 4.78 and a beta of 1.23. The company has a quick ratio of 1.87, a current ratio of 5.58 and a debt-to-equity ratio of 0.04. RBC Bearings Incorporated has a fifty-two week low of $123.50 and a fifty-two week high of $169.84.

RBC Bearings (NASDAQ:ROLL) last issued its earnings results on Thursday, May 23rd. The industrial products company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.11. RBC Bearings had a return on equity of 13.01% and a net margin of 14.97%. The firm had revenue of $182.20 million for the quarter, compared to the consensus estimate of $180.76 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Analysts expect that RBC Bearings Incorporated will post 5.31 EPS for the current year.

A number of analysts have issued reports on ROLL shares. BidaskClub lowered RBC Bearings from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 30th. ValuEngine upgraded RBC Bearings from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Zacks Investment Research upgraded RBC Bearings from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. SunTrust Banks raised their price objective on RBC Bearings to $137.00 and gave the company a “hold” rating in a research note on Friday, May 24th. Finally, William Blair restated an “outperform” rating on shares of RBC Bearings in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. RBC Bearings presently has a consensus rating of “Hold” and an average price target of $161.33.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc lifted its position in shares of RBC Bearings by 66.7% during the 4th quarter. IFP Advisors Inc now owns 195 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 78 shares during the last quarter. Berman Capital Advisors LLC bought a new stake in shares of RBC Bearings in the 4th quarter valued at approximately $33,000. Quadrant Capital Group LLC grew its position in RBC Bearings by 180.7% during the 1st quarter. Quadrant Capital Group LLC now owns 553 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 356 shares during the last quarter. Advisory Services Network LLC grew its position in RBC Bearings by 39.7% during the 4th quarter. Advisory Services Network LLC now owns 577 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 164 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC bought a new stake in RBC Bearings during the 4th quarter worth approximately $77,000. 97.00% of the stock is owned by institutional investors and hedge funds.

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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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