RBC Bearings Incorporated (ROLL) VP Richard J. Edwards Sells 10,000 Shares
RBC Bearings Incorporated (NASDAQ:ROLL) VP Richard J. Edwards sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $121.54, for a total value of $1,215,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
RBC Bearings Incorporated (NASDAQ:ROLL) traded up $0.72 during mid-day trading on Monday, reaching $122.67. 70,600 shares of the company traded hands, compared to its average volume of 87,861. The company has a quick ratio of 1.64, a current ratio of 4.68 and a debt-to-equity ratio of 0.26. RBC Bearings Incorporated has a 1 year low of $78.88 and a 1 year high of $135.54. The company has a market cap of $2,974.16, a PE ratio of 36.40, a PEG ratio of 5.76 and a beta of 1.34.
RBC Bearings (NASDAQ:ROLL) last issued its earnings results on Friday, November 3rd. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The business had revenue of $164.30 million for the quarter, compared to the consensus estimate of $164.56 million. RBC Bearings had a net margin of 11.18% and a return on equity of 11.10%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. equities research analysts anticipate that RBC Bearings Incorporated will post 3.63 earnings per share for the current year.
Several institutional investors have recently modified their holdings of ROLL. Strs Ohio grew its holdings in shares of RBC Bearings by 71.4% in the 2nd quarter. Strs Ohio now owns 1,200 shares of the industrial products company’s stock valued at $122,000 after buying an additional 500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of RBC Bearings by 106.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,237 shares of the industrial products company’s stock valued at $126,000 after buying an additional 637 shares during the period. SG Americas Securities LLC acquired a new position in shares of RBC Bearings in the 3rd quarter valued at $189,000. Victory Capital Management Inc. grew its holdings in shares of RBC Bearings by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 2,024 shares of the industrial products company’s stock valued at $206,000 after buying an additional 302 shares during the period. Finally, Comerica Bank acquired a new position in shares of RBC Bearings in the 3rd quarter valued at $230,000. Institutional investors own 99.18% of the company’s stock.
ROLL has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Friday, August 25th. Bank of America Corporation boosted their price objective on shares of RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, BidaskClub upgraded shares of RBC Bearings from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th.
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.
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