RBC Bearings Incorporated (NASDAQ:ROLL) Director Alan B. Levine Sells 4,900 Shares
Resource from: https://weekherald.com/2018/02/22/alan-b-levine-sells-4900-shares-of-rbc-bearings-incorporated-roll-stock.html Likes:181
Feb 23,2018
RBC Bearings Incorporated (NASDAQ:ROLL) Director Alan B. Levine sold 4,900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $115.70, for a total transaction of $566,930.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
RBC Bearings Incorporated (NASDAQ ROLL) traded up $0.72 during trading on Thursday, reaching $124.36. 55,156 shares of the company’s stock traded hands, compared to its average volume of 91,532. RBC Bearings Incorporated has a 12-month low of $88.70 and a 12-month high of $139.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.65 and a current ratio of 4.65. The firm has a market capitalization of $2,961.37, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 5.31 and a beta of 1.29.
RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.19. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. The firm had revenue of $166.86 million during the quarter, compared to analyst estimates of $163.46 million. During the same quarter last year, the business posted $0.73 EPS. The company’s revenue was up 13.8% on a year-over-year basis. analysts predict that RBC Bearings Incorporated will post 3.91 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its stake in RBC Bearings by 1.3% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,287,621 shares of the industrial products company’s stock worth $286,296,000 after purchasing an additional 29,134 shares during the period. BlackRock Inc. boosted its stake in RBC Bearings by 3.8% in the 4th quarter. BlackRock Inc. now owns 2,066,687 shares of the industrial products company’s stock worth $261,229,000 after purchasing an additional 76,161 shares during the period. Vanguard Group Inc. boosted its stake in RBC Bearings by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,817,613 shares of the industrial products company’s stock worth $184,960,000 after purchasing an additional 12,863 shares during the period. Wasatch Advisors Inc. boosted its stake in RBC Bearings by 20.4% in the 4th quarter. Wasatch Advisors Inc. now owns 1,198,672 shares of the industrial products company’s stock worth $151,512,000 after purchasing an additional 203,366 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in RBC Bearings by 3.0% in the 4th quarter. Wells Fargo & Company MN now owns 647,973 shares of the industrial products company’s stock worth $81,904,000 after purchasing an additional 18,871 shares during the period. 98.00% of the stock is owned by hedge funds and other institutional investors.
Several research firms have issued reports on ROLL. Zacks Investment Research lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. CL King began coverage on shares of RBC Bearings in a research report on Wednesday, November 29th. They issued a “buy” rating and a $142.00 price target on the stock. ValuEngine lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Drexel Hamilton began coverage on shares of RBC Bearings in a research report on Thursday, December 21st. They issued a “buy” rating and a $140.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $141.00.
(https://weekherald.com/2018/02/22/alan-b-levine-sells-4900-shares-of-rbc-bearings-incorporated-roll-stock.html)
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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.
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