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

RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 20,718 shares of RBC Bearings stock in a transaction on Friday, September 14th. The stock was sold at an average price of $150.95, for a total transaction of $3,127,382.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

Shares of NASDAQ ROLL traded up $1.43 during midday trading on Friday, hitting $150.64. The company’s stock had a trading volume of 72,890 shares, compared to its average volume of 55,590. RBC Bearings Incorporated has a 1-year low of $106.68 and a 1-year high of $156.43. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.12 and a current ratio of 5.79. The firm has a market capitalization of $3.71 billion, a PE ratio of 38.93, a price-to-earnings-growth ratio of 5.44 and a beta of 1.50.

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

ROLL has been the subject of several recent analyst reports. BidaskClub raised shares of RBC Bearings from a “hold” rating to a “buy” rating in a report on Saturday, July 21st. Zacks Investment Research raised shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a report on Tuesday, July 31st. SunTrust Banks initiated coverage on shares of RBC Bearings in a report on Wednesday, June 20th. They set a “hold” rating and a $133.00 price objective for the company. Royal Bank of Canada reissued a “sell” rating on shares of RBC Bearings in a report on Thursday, August 9th. Finally, William Blair reissued an “outperform” rating on shares of RBC Bearings in a report on Thursday, May 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $142.80.

Several hedge funds and other institutional investors have recently bought and sold shares of ROLL. Wells Fargo & Company MN boosted its holdings in shares of RBC Bearings by 0.8% in the 1st quarter. Wells Fargo & Company MN now owns 652,961 shares of the industrial products company’s stock valued at $81,097,000 after buying an additional 4,988 shares during the period. SG Americas Securities LLC boosted its holdings in shares of RBC Bearings by 48.2% in the 1st quarter. SG Americas Securities LLC now owns 3,510 shares of the industrial products company’s stock valued at $436,000 after buying an additional 1,142 shares during the period. Virginia Retirement Systems ET AL acquired a new position in shares of RBC Bearings in the 1st quarter valued at about $832,000. Swiss National Bank boosted its holdings in shares of RBC Bearings by 1.4% in the 1st quarter. Swiss National Bank now owns 42,290 shares of the industrial products company’s stock valued at $5,252,000 after buying an additional 600 shares during the period. Finally, M&T Bank Corp boosted its stake in RBC Bearings by 9.7% during the 1st quarter. M&T Bank Corp now owns 15,833 shares of the industrial products company’s stock valued at $1,967,000 after purchasing an additional 1,402 shares during the period. 96.56% of the stock is owned by institutional investors and hedge funds.

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

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

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