Michael J. Hartnett Sells 15,850 Shares of RBC Bearings Incorporated (ROLL) Stock


RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 15,850 shares of the company’s stock in a transaction that occurred on Tuesday, July 3rd. The shares were sold at an average price of $128.60, for a total value of $2,038,310.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.


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

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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. On Friday, June 29th, Michael J. Hartnett sold 3,600 shares of RBC Bearings stock. The shares were sold at an average price of $129.66, for a total value of $466,776.00. On Monday, June 11th, Michael J. Hartnett sold 10,810 shares of RBC Bearings stock. The shares were sold at an average price of $130.88, for a total value of $1,414,812.80. On Wednesday, June 13th, Michael J. Hartnett sold 22,870 shares of RBC Bearings stock. The shares were sold at an average price of $130.04, for a total value of $2,974,014.80. On Thursday, June 7th, Michael J. Hartnett sold 8,000 shares of RBC Bearings stock. The shares were sold at an average price of $132.02, for a total value of $1,056,160.00. On Friday, June 8th, Michael J. Hartnett sold 37,900 shares of RBC Bearings stock. The shares were sold at an average price of $130.21, for a total value of $4,934,959.00.


Shares of RBC Bearings stock traded down $0.26 on Tuesday, hitting $128.24. The stock had a trading volume of 51,600 shares, compared to its average volume of 83,835. RBC Bearings Incorporated has a twelve month low of $100.23 and a twelve month high of $139.95. The company has a current ratio of 4.60, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 4.72 and a beta of 1.34.

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


Several research firms have recently commented on ROLL. SunTrust Banks began coverage on RBC Bearings in a research report on Wednesday, June 20th. They issued a “hold” rating and a $133.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of RBC Bearings in a research report on Thursday, May 31st. BidaskClub raised RBC Bearings from a “sell” rating to a “hold” rating in a research report on Saturday, May 26th. Finally, Zacks Investment Research downgraded RBC Bearings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $139.40.


Several institutional investors have recently bought and sold shares of ROLL. Whittier Trust Co. of Nevada Inc. grew its position in RBC Bearings by 58.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,857 shares of the industrial products company’s stock worth $231,000 after buying an additional 687 shares in the last quarter. Guggenheim Capital LLC acquired a new stake in RBC Bearings during the fourth quarter worth approximately $276,000. Xact Kapitalforvaltning AB acquired a new stake in RBC Bearings during the fourth quarter worth approximately $312,000. Gotham Asset Management LLC acquired a new stake in RBC Bearings during the fourth quarter worth approximately $374,000. Finally, SG Americas Securities LLC grew its position in RBC Bearings by 48.2% during the first quarter. SG Americas Securities LLC now owns 3,510 shares of the industrial products company’s stock worth $436,000 after buying an additional 1,142 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors.


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 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)