Michael J. Hartnett Sells 20,718 Shares of RBC Bearings Incorporated (ROLL) Stock

RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 20,718 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $150.95, for a total value of $3,127,382.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Thursday, September 13th, Michael J. Hartnett sold 1,500 shares of RBC Bearings stock. The shares were sold at an average price of $150.67, for a total value of $226,005.00.
  • On Friday, September 7th, Michael J. Hartnett sold 15,978 shares of RBC Bearings stock. The shares were sold at an average price of $153.99, for a total value of $2,460,452.22.
  • On Monday, September 10th, Michael J. Hartnett sold 5,500 shares of RBC Bearings stock. The shares were sold at an average price of $154.04, for a total value of $847,220.00.
  • On Thursday, August 9th, Michael J. Hartnett sold 31,097 shares of RBC Bearings stock. The shares were sold at an average price of $140.27, for a total value of $4,361,976.19.
  • On Friday, August 10th, Michael J. Hartnett sold 33,104 shares of RBC Bearings stock. The shares were sold at an average price of $140.26, for a total value of $4,643,167.04.
  • On Tuesday, August 7th, Michael J. Hartnett sold 15,255 shares of RBC Bearings stock. The shares were sold at an average price of $141.82, for a total value of $2,163,464.10.
  • On Wednesday, August 8th, Michael J. Hartnett sold 26,322 shares of RBC Bearings stock. The shares were sold at an average price of $140.19, for a total value of $3,690,081.18.
  • On Monday, July 9th, Michael J. Hartnett sold 5,400 shares of RBC Bearings stock. The shares were sold at an average price of $134.90, for a total value of $728,460.00.
  • On Tuesday, July 10th, Michael J. Hartnett sold 10,179 shares of RBC Bearings stock. The shares were sold at an average price of $134.27, for a total value of $1,366,734.33.
  • On Monday, July 2nd, Michael J. Hartnett sold 4,325 shares of RBC Bearings stock. The shares were sold at an average price of $128.06, for a total value of $553,859.50.

ROLL stock opened at $150.64 on Friday. RBC Bearings Incorporated has a twelve month low of $106.68 and a twelve month high of $156.43. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.79 and a quick ratio of 2.12. The company has a market cap of $3.71 billion, a P/E ratio of 38.93, a P/E/G ratio of 5.44 and a beta of 1.50.

RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.10. RBC Bearings had a return on equity of 12.29% and a net margin of 13.51%. The company had revenue of $176.00 million during the quarter, compared to analyst estimates of $174.32 million. During the same quarter last year, the company earned $0.91 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. equities research analysts forecast that RBC Bearings Incorporated will post 4.73 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised RBC Bearings from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a research report on Tuesday, July 31st. BidaskClub raised RBC Bearings from a “hold” rating to a “buy” rating in a research report on Thursday, August 16th. Royal Bank of Canada reaffirmed a “sell” rating on shares of RBC Bearings in a research report on Thursday, August 9th. William Blair reaffirmed an “outperform” rating on shares of RBC Bearings in a research report on Thursday, May 31st. Finally, SunTrust Banks assumed coverage on RBC Bearings in a research report on Wednesday, June 20th. They set a “hold” rating and a $133.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $142.80.

Several institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of RBC Bearings by 31.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,628 shares of the industrial products company’s stock worth $210,000 after purchasing an additional 391 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of RBC Bearings by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 3,038 shares of the industrial products company’s stock worth $391,000 after purchasing an additional 417 shares in the last quarter. BB&T Securities LLC increased its holdings in shares of RBC Bearings by 3.8% in the 1st quarter. BB&T Securities LLC now owns 11,439 shares of the industrial products company’s stock worth $1,420,000 after purchasing an additional 418 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of RBC Bearings by 4.4% in the 1st quarter. Hsbc Holdings PLC now owns 10,708 shares of the industrial products company’s stock worth $1,330,000 after purchasing an additional 450 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of RBC Bearings by 15.4% in the 2nd quarter. Amalgamated Bank now owns 3,607 shares of the industrial products company’s stock worth $465,000 after purchasing an additional 481 shares in the last quarter. 96.56% of the stock is owned by institutional investors and hedge funds.

RBC Bearings Company Profile

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

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