Insider Selling: RBC Bearings Incorporated (NASDAQ:ROLL) CEO Sells 6,347 Shares of Stock

Share on StockTwits

RBC Bearings Incorporated (NASDAQ:ROLL) CEO Michael J. Hartnett sold 6,347 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $160.06, for a total transaction of $1,015,900.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Friday, September 6th, Michael J. Hartnett sold 15,185 shares of RBC Bearings stock. The stock was sold at an average price of $160.34, for a total value of $2,434,762.90.
  • 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 value 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 value of $1,279,729.00.
  • 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.

NASDAQ ROLL opened at $159.00 on Thursday. The stock has a market cap of $3.97 billion, a P/E ratio of 32.85, a PEG ratio of 5.12 and a beta of 1.23. The company’s 50-day simple moving average is $159.32 and its 200 day simple moving average is $147.41. RBC Bearings Incorporated has a twelve month low of $123.50 and a twelve month high of $171.54. 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 (NASDAQ:ROLL) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. The firm had revenue of $182.69 million during the quarter, compared to analysts’ expectations of $183.13 million. RBC Bearings had a net margin of 15.26% and a return on equity of 12.82%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 earnings per share. Research analysts anticipate that RBC Bearings Incorporated will post 5.3 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of RBC Bearings by 3.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,471,067 shares of the industrial products company’s stock worth $412,200,000 after buying an additional 84,744 shares during the period. BlackRock Inc. grew its position in RBC Bearings by 1.9% in the second quarter. BlackRock Inc. now owns 2,060,806 shares of the industrial products company’s stock valued at $343,763,000 after acquiring an additional 37,704 shares during the period. Wasatch Advisors Inc. grew its position in RBC Bearings by 11.7% in the second quarter. Wasatch Advisors Inc. now owns 1,630,566 shares of the industrial products company’s stock valued at $271,995,000 after acquiring an additional 170,692 shares during the period. Dimensional Fund Advisors LP grew its position in RBC Bearings by 2.0% in 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 acquiring an additional 11,258 shares during the period. Finally, GW&K Investment Management LLC raised its stake in RBC Bearings by 15.3% during the second quarter. GW&K Investment Management LLC now owns 551,744 shares of the industrial products company’s stock worth $92,036,000 after acquiring an additional 73,098 shares in the last quarter.

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

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.

Further Reading: When can a hold rating present a buying opportunity?

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

Insider Selling: Royal Bank of Canada  Senior Officer Sells 10,000 Shares of Stock
Insider Selling: Royal Bank of Canada Senior Officer Sells 10,000 Shares of Stock
ACCO Brands Co.  CEO Sells $1,725,929.10 in Stock
ACCO Brands Co. CEO Sells $1,725,929.10 in Stock
Coty Inc  CMO Acquires $2,060,100.00 in Stock
Coty Inc CMO Acquires $2,060,100.00 in Stock
Dennis D. Powell Sells 25,218 Shares of Applied Materials, Inc.  Stock
Dennis D. Powell Sells 25,218 Shares of Applied Materials, Inc. Stock
Lam Research Co.  SVP Sells $1,145,400.00 in Stock
Lam Research Co. SVP Sells $1,145,400.00 in Stock
Carvana Co  Director Ira J. Platt Sells 10,700 Shares
Carvana Co Director Ira J. Platt Sells 10,700 Shares


© 2006-2019 Ticker Report