RBC Bearings Incorporated (NASDAQ:ROLL) CEO Michael J. Hartnett sold 3,500 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $128.79, for a total transaction of $450,765.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Tuesday, December 5th, Michael J. Hartnett sold 6,300 shares of RBC Bearings stock. The stock was sold at an average price of $128.68, for a total transaction of $810,684.00.

RBC Bearings Incorporated (NASDAQ ROLL) traded up $0.07 during trading on Thursday, reaching $127.60. 61,900 shares of the company traded hands, compared to its average volume of 88,060. RBC Bearings Incorporated has a 1-year low of $83.80 and a 1-year high of $139.95. The stock has a market capitalization of $3,090.00, a PE ratio of 37.84, a PEG ratio of 5.99 and a beta of 1.34. The company has a current ratio of 4.68, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26.

RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings results on Friday, November 3rd. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). RBC Bearings had a return on equity of 11.10% and a net margin of 11.18%. The firm had revenue of $164.30 million for the quarter, compared to analysts’ expectations of $164.56 million. During the same quarter last year, the firm posted $0.78 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. equities analysts predict that RBC Bearings Incorporated will post 3.63 EPS for the current fiscal year.

Several research firms have recently commented on ROLL. BidaskClub downgraded shares of RBC Bearings from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research raised shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research report on Thursday, August 10th. ValuEngine cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, December 1st. CL King started 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. Finally, Bank of America boosted their price target on shares of RBC Bearings from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $139.33.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC boosted its stake in RBC Bearings by 0.3% in the second quarter. Jennison Associates LLC now owns 15,068 shares of the industrial products company’s stock valued at $1,533,000 after acquiring an additional 48 shares during the last quarter. Prudential Financial Inc. boosted its stake in RBC Bearings by 4.9% in the second quarter. Prudential Financial Inc. now owns 2,638 shares of the industrial products company’s stock valued at $268,000 after acquiring an additional 124 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in RBC Bearings by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 17,650 shares of the industrial products company’s stock valued at $1,796,000 after acquiring an additional 146 shares during the last quarter. Legal & General Group Plc boosted its stake in RBC Bearings by 1.9% in the second quarter. Legal & General Group Plc now owns 8,312 shares of the industrial products company’s stock valued at $845,000 after acquiring an additional 153 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in RBC Bearings by 6.7% in the second quarter. Amalgamated Bank now owns 2,965 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

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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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