RBC Bearings Incorporated (NASDAQ:ROLL) issued its quarterly earnings data on Tuesday. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.09, Bloomberg Earnings reports. The company had revenue of $163.90 million for the quarter, compared to analyst estimates of $160.42 million. RBC Bearings had a return on equity of 11.12% and a net margin of 11.48%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 earnings per share.

RBC Bearings (NASDAQ ROLL) traded up 3.14% during trading on Tuesday, hitting $106.27. The company had a trading volume of 40,416 shares. RBC Bearings has a 12 month low of $67.99 and a 12 month high of $108.39. The company has a market cap of $2.53 billion, a PE ratio of 35.78 and a beta of 1.30. The company’s 50 day moving average price is $102.99 and its 200-day moving average price is $97.79.

Several brokerages have issued reports on ROLL. Zacks Investment Research lowered RBC Bearings from a “buy” rating to a “hold” rating in a report on Monday, June 5th. BidaskClub lowered RBC Bearings from a “hold” rating to a “sell” rating in a report on Friday, July 28th.

In related news, General Counsel Thomas J. Williams sold 5,500 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $105.44, for a total transaction of $579,920.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas M. Burigo sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $104.95, for a total transaction of $1,049,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,425 shares of company stock worth $14,249,574. Company insiders own 3.70% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado increased its stake in shares of RBC Bearings by 4.8% in the first quarter. Public Employees Retirement Association of Colorado now owns 135,981 shares of the industrial products company’s stock worth $13,202,000 after buying an additional 6,192 shares in the last quarter. First Trust Advisors LP increased its stake in shares of RBC Bearings by 44.7% in the first quarter. First Trust Advisors LP now owns 90,548 shares of the industrial products company’s stock worth $8,791,000 after buying an additional 27,964 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of RBC Bearings by 6.9% in the first quarter. Wells Fargo & Company MN now owns 610,521 shares of the industrial products company’s stock worth $59,275,000 after buying an additional 39,447 shares in the last quarter. BB&T Corp increased its stake in shares of RBC Bearings by 2.7% in the first quarter. BB&T Corp now owns 3,115 shares of the industrial products company’s stock worth $302,000 after buying an additional 81 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in shares of RBC Bearings by 4.7% in the first quarter. Whittier Trust Co. now owns 20,960 shares of the industrial products company’s stock worth $2,035,000 after buying an additional 945 shares in the last quarter.

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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.

Earnings History for RBC Bearings (NASDAQ:ROLL)

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