RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 10,179 shares of the company’s stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $134.27, for a total transaction of $1,366,734.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, July 9th, Michael J. Hartnett sold 5,400 shares of RBC Bearings stock. The stock was sold at an average price of $134.90, for a total transaction of $728,460.00.
  • On Monday, July 2nd, Michael J. Hartnett sold 4,325 shares of RBC Bearings stock. The stock was sold at an average price of $128.06, for a total transaction of $553,859.50.
  • On Friday, June 29th, Michael J. Hartnett sold 3,600 shares of RBC Bearings stock. The stock was sold at an average price of $129.66, for a total transaction of $466,776.00.
  • On Monday, June 11th, Michael J. Hartnett sold 10,810 shares of RBC Bearings stock. The stock was sold at an average price of $130.88, for a total transaction of $1,414,812.80.
  • On Wednesday, June 13th, Michael J. Hartnett sold 22,870 shares of RBC Bearings stock. The stock was sold at an average price of $130.04, for a total transaction of $2,974,014.80.
  • On Thursday, June 7th, Michael J. Hartnett sold 8,000 shares of RBC Bearings stock. The stock was sold at an average price of $132.02, for a total transaction of $1,056,160.00.
  • On Friday, June 8th, Michael J. Hartnett sold 37,900 shares of RBC Bearings stock. The stock was sold at an average price of $130.21, for a total transaction of $4,934,959.00.

RBC Bearings opened at $133.65 on Wednesday, according to Marketbeat Ratings. RBC Bearings Incorporated has a twelve month low of $100.70 and a twelve month high of $139.95. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.60 and a quick ratio of 1.69. The stock has a market cap of $3.25 billion, a P/E ratio of 34.53, a P/E/G ratio of 4.88 and a beta of 1.34.

RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings results on Wednesday, May 30th. The industrial products company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.05). RBC Bearings had a return on equity of 11.96% and a net margin of 12.91%. The company had revenue of $179.90 million for the quarter, compared to analyst estimates of $175.57 million. During the same quarter last year, the company earned $0.90 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. sell-side analysts expect that RBC Bearings Incorporated will post 4.65 earnings per share for the current fiscal year.

ROLL has been the subject of a number of analyst reports. BidaskClub upgraded shares of RBC Bearings from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. William Blair reiterated an “outperform” rating on shares of RBC Bearings in a research report on Thursday, May 31st. Zacks Investment Research downgraded shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Finally, SunTrust Banks assumed coverage on shares of RBC Bearings in a research report on Wednesday, June 20th. They set a “hold” rating and a $133.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $139.40.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. raised its position in shares of RBC Bearings by 58.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,857 shares of the industrial products company’s stock worth $231,000 after purchasing an additional 687 shares during the last quarter. Guggenheim Capital LLC acquired a new position in shares of RBC Bearings during the 4th quarter worth about $276,000. Xact Kapitalforvaltning AB acquired a new position in shares of RBC Bearings during the 4th quarter worth about $312,000. Gotham Asset Management LLC acquired a new position in shares of RBC Bearings during the 4th quarter worth about $374,000. Finally, SG Americas Securities LLC raised its position in shares of RBC Bearings by 48.2% during the 1st quarter. SG Americas Securities LLC now owns 3,510 shares of the industrial products company’s stock worth $436,000 after purchasing an additional 1,142 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

About RBC Bearings

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 misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.

Insider Buying and Selling by Quarter for RBC Bearings (NASDAQ:ROLL)

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