RBC Bearings Director Edward Stewart Buys 2,000 Shares (ROLL)
RBC Bearings (NASDAQ:ROLL) Director Edward Stewart acquired 2,000 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were purchased at an average cost of $58.54 per share, with a total value of $117,080.00. Following the transaction, the director now directly owns 10,250 shares in the company, valued at approximately $600,035. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
RBC Bearings (NASDAQ:ROLL) traded up 1.52% during mid-day trading on Friday, hitting $59.28. The stock had a trading volume of 146,313 shares. RBC Bearings has a one year low of $50.00 and a one year high of $71.25. The stock has a 50-day moving average of $60.22 and a 200-day moving average of $62.22. The company has a market cap of $1.390 billion and a price-to-earnings ratio of 22.20.
RBC Bearings (NASDAQ:ROLL) last announced its earnings results on Thursday, August 7th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.01. The company had revenue of $113.00 million for the quarter, compared to the consensus estimate of $112.93 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Analysts expect that RBC Bearings will post $2.95 EPS for the current fiscal year.
A number of research firms have recently commented on ROLL. Analysts at Global Hunter Securities cut their price target on shares of RBC Bearings from $70.00 to $62.00 in a research note on Friday, August 8th. Analysts at Goldman Sachs downgraded shares of RBC Bearings from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $66.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $68.75.
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision plain, roller and ball bearings.
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