Insider Selling: RBC Bearings Incorporated (ROLL) Insider Sells $1,225,845.08 in Stock

RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 11,716 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $104.63, for a total value of $1,225,845.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Friday, June 16th, Michael J. Hartnett sold 26,745 shares of RBC Bearings stock. The stock was sold at an average price of $103.84, for a total value of $2,777,200.80.
  • On Monday, June 12th, Michael J. Hartnett sold 11,260 shares of RBC Bearings stock. The stock was sold at an average price of $105.97, for a total value of $1,193,222.20.
  • On Friday, June 9th, Michael J. Hartnett sold 25,802 shares of RBC Bearings stock. The stock was sold at an average price of $106.64, for a total value of $2,751,525.28.

RBC Bearings Incorporated (ROLL) opened at 105.43 on Tuesday. The stock’s 50 day moving average price is $102.07 and its 200 day moving average price is $95.25. RBC Bearings Incorporated has a 52-week low of $67.99 and a 52-week high of $108.39. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 35.50 and a beta of 1.28.

RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings results on Wednesday, May 31st. The industrial products company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. RBC Bearings had a net margin of 11.48% and a return on equity of 11.12%. The business had revenue of $160.20 million for the quarter, compared to analysts’ expectations of $161.08 million. During the same quarter last year, the company posted $0.86 earnings per share. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, analysts forecast that RBC Bearings Incorporated will post $3.57 EPS for the current year.

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

TRADEMARK VIOLATION WARNING: This report was originally published by Ticker Report and is owned by of Ticker Report. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.tickerreport.com/banking-finance/2655015/insider-selling-rbc-bearings-incorporated-roll-insider-sells-1225845-08-in-stock.html.

Several institutional investors have recently modified their holdings of ROLL. Russell Investments Group Ltd. bought a new position in shares of RBC Bearings during the fourth quarter valued at approximately $180,000. State Street Corp boosted its position in shares of RBC Bearings by 4.0% in the fourth quarter. State Street Corp now owns 403,598 shares of the industrial products company’s stock valued at $37,463,000 after buying an additional 15,394 shares during the last quarter. Oxford Asset Management bought a new position in shares of RBC Bearings during the fourth quarter valued at approximately $250,000. TCW Group Inc. boosted its position in shares of RBC Bearings by 42.5% in the fourth quarter. TCW Group Inc. now owns 16,753 shares of the industrial products company’s stock valued at $1,555,000 after buying an additional 4,993 shares during the last quarter. Finally, Trexquant Investment LP boosted its position in shares of RBC Bearings by 45.1% in the fourth quarter. Trexquant Investment LP now owns 4,999 shares of the industrial products company’s stock valued at $464,000 after buying an additional 1,553 shares during the last quarter. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Monday, June 5th.

About RBC Bearings

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.

Receive News & Ratings for RBC Bearings Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.