RBC Bearings Incorporated (ROLL) CEO Sells $466,776.00 in Stock

04 Jul,2018

RBC Bearings Incorporated (NASDAQ:ROLL) CEO Michael J. Hartnett sold 3,600 shares of the firm’s stock in a transaction on Friday, June 29th. The stock was sold at an average price of $129.66, for a total transaction of $466,776.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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 transaction of $553,859.50.

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 transaction 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 transaction 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 transaction 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 transaction of $4,934,959.00.

Shares of RBC Bearings traded down $0.26, hitting $128.24, during midday trading on Tuesday, according to MarketBeat.com. The company had a trading volume of 2,079 shares, compared to its average volume of 98,647. The company has a quick ratio of 1.69, a current ratio of 4.60 and a debt-to-equity ratio of 0.18. RBC Bearings Incorporated has a twelve month low of $100.23 and a twelve month high of $139.95. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth 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 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $179.90 million for the quarter, compared to analysts’ expectations of $175.57 million. During the same quarter last year, the business posted $0.90 earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year. equities research analysts expect that RBC Bearings Incorporated will post 4.65 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of ROLL. Whittier Trust Co. of Nevada Inc. increased its holdings in 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 valued at $231,000 after acquiring an additional 687 shares in the last quarter. Guggenheim Capital LLC purchased a new position in RBC Bearings during the 4th quarter valued at about $276,000. Xact Kapitalforvaltning AB purchased a new position in RBC Bearings during the 4th quarter valued at about $312,000. Gotham Asset Management LLC purchased a new position in RBC Bearings during the 4th quarter valued at about $374,000. Finally, SG Americas Securities LLC increased its holdings in 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 valued at $436,000 after acquiring an additional 1,142 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

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

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