RBC Bearings Incorporated (NASDAQ:ROLL) CEO Michael J. Hartnett Sells 15,185 Shares

Share on StockTwits

RBC Bearings Incorporated (NASDAQ:ROLL) CEO Michael J. Hartnett sold 15,185 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $160.34, for a total value of $2,434,762.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, September 9th, Michael J. Hartnett sold 6,347 shares of RBC Bearings stock. The shares were sold at an average price of $160.06, for a total transaction of $1,015,900.82.
  • On Friday, August 30th, Michael J. Hartnett sold 5,774 shares of RBC Bearings stock. The shares were sold at an average price of $160.03, for a total transaction of $924,013.22.
  • On Thursday, June 27th, Michael J. Hartnett sold 7,925 shares of RBC Bearings stock. The shares were sold at an average price of $161.48, for a total transaction of $1,279,729.00.
  • On Tuesday, June 11th, Michael J. Hartnett sold 5,381 shares of RBC Bearings stock. The stock was sold at an average price of $150.48, for a total transaction of $809,732.88.

NASDAQ ROLL opened at $159.00 on Thursday. The company has a quick ratio of 1.72, a current ratio of 5.15 and a debt-to-equity ratio of 0.05. RBC Bearings Incorporated has a 52 week low of $123.50 and a 52 week high of $171.54. The business has a 50 day moving average price of $159.32 and a 200-day moving average price of $147.41. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 32.85, a P/E/G ratio of 5.12 and a beta of 1.23.

RBC Bearings (NASDAQ:ROLL) last issued its earnings results on Thursday, August 1st. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. RBC Bearings had a return on equity of 12.82% and a net margin of 15.26%. The company had revenue of $182.69 million for the quarter, compared to analysts’ expectations of $183.13 million. During the same period last year, the business earned $1.15 EPS. RBC Bearings’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that RBC Bearings Incorporated will post 5.3 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in shares of RBC Bearings by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 570,808 shares of the industrial products company’s stock valued at $74,833,000 after buying an additional 11,258 shares during the last quarter. Geode Capital Management LLC increased its position in shares of RBC Bearings by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 273,536 shares of the industrial products company’s stock worth $35,860,000 after acquiring an additional 20,286 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of RBC Bearings by 695.3% during the first quarter. BNP Paribas Arbitrage SA now owns 5,607 shares of the industrial products company’s stock worth $713,000 after acquiring an additional 4,902 shares in the last quarter. First Republic Investment Management Inc. raised its holdings in shares of RBC Bearings by 6.0% in the 1st quarter. First Republic Investment Management Inc. now owns 6,632 shares of the industrial products company’s stock worth $843,000 after acquiring an additional 374 shares during the last quarter. Finally, Comerica Bank raised its holdings in shares of RBC Bearings by 8.9% in the 1st quarter. Comerica Bank now owns 2,063 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 169 shares during the last quarter.

Several research firms have weighed in on ROLL. SunTrust Banks lifted their price target on shares of RBC Bearings to $137.00 and gave the company a “hold” rating in a research note on Friday, May 24th. BidaskClub lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, July 19th. William Blair reissued an “outperform” rating on shares of RBC Bearings in a research report on Friday, May 24th. Finally, ValuEngine upgraded RBC Bearings from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $161.33.

About RBC Bearings

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.

Recommended Story: Elliott Wave Theory

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

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



Latest News

Mondelez International Inc  EVP Vinzenz P. Gruber Sells 40,377 Shares
Mondelez International Inc EVP Vinzenz P. Gruber Sells 40,377 Shares
Daniel H. Schulman Sells 30,000 Shares of Paypal Holdings Inc  Stock
Daniel H. Schulman Sells 30,000 Shares of Paypal Holdings Inc Stock
RBC Bearings Incorporated  CEO Michael J. Hartnett Sells 15,185 Shares
RBC Bearings Incorporated CEO Michael J. Hartnett Sells 15,185 Shares
Insider Selling: General Motors  EVP Sells 83,067 Shares of Stock
Insider Selling: General Motors EVP Sells 83,067 Shares of Stock
Estee Lauder Companies Inc  EVP Carl P. Haney Sells 17,552 Shares
Estee Lauder Companies Inc EVP Carl P. Haney Sells 17,552 Shares
Cloudera Inc  Major Shareholder Carl C. Icahn Acquires 439,914 Shares
Cloudera Inc Major Shareholder Carl C. Icahn Acquires 439,914 Shares


© 2006-2019 Ticker Report