Insider Selling: RBC Bearings Director Sells 2,000 Shares of Stock (ROLL)
Resource from: Ticker Report Likes:192
Jun 25,2015
RBC Bearings (NASDAQ:ROLL) Director Thomas J. Obrien sold 2,000 shares of RBC Bearings stock on the open market in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $73.00, for a total transaction of $146,000.00. Following the transaction, the director now directly owns 12,250 shares in the company, valued at approximately $894,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
ROLL has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 29th. Analysts at KeyBanc raised their price target on shares of RBC Bearings from $68.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. Analysts at Global Hunter Securities downgraded shares of RBC Bearings from an “accumulate” rating to a “neutral” rating and raised their price target for the stock from $67.00 to $75.00 in a research note on Monday, March 30th. Finally, analysts at Avondale Partners upgraded shares of RBC Bearings from a “market perform” rating to an “outperform” rating in a research note on Friday, March 27th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. RBC Bearings currently has an average rating of “Hold” and an average target price of $69.17.
RBC Bearings (NASDAQ:ROLL) traded down 1.09% on Wednesday, hitting $72.40. The stock had a trading volume of 25,097 shares. RBC Bearings has a one year low of $50.00 and a one year high of $77.86. The stock has a 50-day moving average of $72. and a 200-day moving average of $67.. The company has a market cap of $1.68 billion and a price-to-earnings ratio of 29.08.
RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.01. The company had revenue of $113.40 million for the quarter, compared to the consensus estimate of $113.69 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. Analysts expect that RBC Bearings will post $3.34 EPS for the current fiscal year.
RBC Bearings, is an international manufacturer and marketer of engineered precision plain, roller and ball bearings. The Company focuses on technical or regulated bearing products for specialized markets, which require design, testing and manufacturing capabilities. The Company operates in four product segments: Plain Bearings; Roller Bearings; Ball Bearings; and Other.
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
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