RBC Bearings Incorporated (NASDAQ:ROLL) Director Amir Faghri sold 4,500 shares of RBC Bearings stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $125.31, for a total transaction of $563,895.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of RBC Bearings Incorporated (ROLL) opened at $128.00 on Monday. The stock has a market cap of $3,108.99, a price-to-earnings ratio of 37.87, a PEG ratio of 5.58 and a beta of 1.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.65 and a quick ratio of 1.65. RBC Bearings Incorporated has a 52 week low of $88.70 and a 52 week high of $139.95.
RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.19. The business had revenue of $166.86 million for the quarter, compared to the consensus estimate of $163.46 million. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. RBC Bearings’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted $0.73 earnings per share. research analysts expect that RBC Bearings Incorporated will post 3.91 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Wasatch Advisors Inc. grew its stake in shares of RBC Bearings by 15.9% in the third quarter. Wasatch Advisors Inc. now owns 995,306 shares of the industrial products company’s stock worth $124,563,000 after acquiring an additional 136,604 shares during the last quarter. Cortina Asset Management LLC acquired a new stake in shares of RBC Bearings in the fourth quarter worth $9,120,000. Great West Life Assurance Co. Can grew its stake in shares of RBC Bearings by 44.7% in the third quarter. Great West Life Assurance Co. Can now owns 3,002 shares of the industrial products company’s stock worth $373,000 after acquiring an additional 928 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of RBC Bearings by 314.6% in the fourth quarter. Teacher Retirement System of Texas now owns 8,317 shares of the industrial products company’s stock worth $1,051,000 after acquiring an additional 6,311 shares during the last quarter. Finally, Davis R M Inc. grew its stake in shares of RBC Bearings by 46.8% in the fourth quarter. Davis R M Inc. now owns 61,549 shares of the industrial products company’s stock worth $7,780,000 after acquiring an additional 19,619 shares during the last quarter. Institutional investors and hedge funds own 99.08% of the company’s stock.
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About RBC Bearings
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.
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