Michael J. Hartnett Sells 3,300 Shares of RBC Bearings Incorporated (ROLL) Stock

RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 3,300 shares of the stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $128.00, for a total transaction of $422,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

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  • On Monday, March 12th, Michael J. Hartnett sold 3,203 shares of RBC Bearings stock. The stock was sold at an average price of $128.35, for a total transaction of $411,105.05.
  • On Friday, March 9th, Michael J. Hartnett sold 24,218 shares of RBC Bearings stock. The stock was sold at an average price of $128.02, for a total transaction of $3,100,388.36.
  • On Monday, March 12th, Michael J. Hartnett sold 27,421 shares of RBC Bearings stock. The stock was sold at an average price of $128.06, for a total transaction of $3,511,533.26.
  • On Friday, December 29th, Michael J. Hartnett sold 500 shares of RBC Bearings stock. The stock was sold at an average price of $128.00, for a total transaction of $64,000.00.

RBC Bearings stock opened at $118.42 on Friday. The firm has a market cap of $3,015.05, a price-to-earnings ratio of 35.04, a PEG ratio of 5.41 and a beta of 1.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.65 and a current ratio of 4.65. RBC Bearings Incorporated has a twelve month low of $90.00 and a twelve month high of $139.95.

RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.19. The business had revenue of $166.86 million for the quarter, compared to the consensus estimate of $163.46 million. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. RBC Bearings’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 EPS. sell-side analysts forecast that RBC Bearings Incorporated will post 3.91 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Cortina Asset Management LLC bought a new position in shares of RBC Bearings during the 4th quarter valued at $9,120,000. Great West Life Assurance Co. Can grew its stake in RBC Bearings by 44.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 3,002 shares of the industrial products company’s stock valued at $373,000 after buying an additional 928 shares during the last quarter. Swiss National Bank grew its stake in RBC Bearings by 4.3% in the 4th quarter. Swiss National Bank now owns 41,690 shares of the industrial products company’s stock valued at $5,270,000 after buying an additional 1,700 shares during the last quarter. Teacher Retirement System of Texas grew its stake in RBC Bearings by 314.6% in the 4th quarter. Teacher Retirement System of Texas now owns 8,317 shares of the industrial products company’s stock valued at $1,051,000 after buying an additional 6,311 shares during the last quarter. Finally, Davis R M Inc. grew its stake in RBC Bearings by 46.8% in the 4th quarter. Davis R M Inc. now owns 61,549 shares of the industrial products company’s stock valued at $7,780,000 after buying an additional 19,619 shares during the last quarter. Institutional investors and hedge funds own 99.41% of the company’s stock.

ROLL has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Drexel Hamilton began coverage on shares of RBC Bearings in a report on Thursday, December 21st. They set a “buy” rating and a $140.00 price target on the stock. BidaskClub downgraded shares of RBC Bearings from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. ValuEngine downgraded shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, CL King began coverage on shares of RBC Bearings in a report on Wednesday, November 29th. They set a “buy” rating and a $142.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $141.00.

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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.

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

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