RBC Bearings Incorporated (ROLL) CEO Sells 3,203 Shares of Stock
Resource from: https://stocknewstimes.com/2018/03/22/michael-j-hartnett-sells-3203-shares-of-rbc-bearings-incorporated-roll-stock.html Likes:323
Mar 23,2018
RBC Bearings Incorporated (NASDAQ:ROLL) CEO Michael J. Hartnett sold 3,203 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $128.35, for a total transaction of $411,105.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Michael J. Hartnett also recently made the following trade(s):
•On Friday, March 9th, Michael J. Hartnett sold 24,218 shares of RBC Bearings stock. The stock was sold at an average price of $128.02, for a total transaction of $3,100,388.36.
•On Monday, March 12th, Michael J. Hartnett sold 27,421 shares of RBC Bearings stock. The shares were sold at an average price of $128.06, for a total transaction of $3,511,533.26.
•On Friday, December 29th, Michael J. Hartnett sold 500 shares of RBC Bearings stock. The shares were sold at an average price of $128.00, for a total transaction of $64,000.00.
RBC Bearings stock traded down $0.48 during trading hours on Thursday, reaching $126.83. 45,253 shares of the company’s stock traded hands, compared to its average volume of 85,661. The company has a quick ratio of 1.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3,096.91, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 5.56 and a beta of 1.29. RBC Bearings Incorporated has a 12 month low of $90.00 and a 12 month high of $139.95.
RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.19. The company had revenue of $166.86 million for the quarter, compared to analyst estimates of $163.46 million. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. RBC Bearings’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS. sell-side analysts anticipate that RBC Bearings Incorporated will post 3.91 EPS for the current year.
A number of large investors have recently bought and sold shares of ROLL. Nationwide Fund Advisors boosted its holdings in RBC Bearings by 5.8% in the 3rd quarter. Nationwide Fund Advisors now owns 177,286 shares of the industrial products company’s stock valued at $22,187,000 after purchasing an additional 9,680 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of RBC Bearings by 33.2% in the 3rd quarter. Prudential Financial Inc. now owns 3,514 shares of the industrial products company’s stock worth $440,000 after acquiring an additional 876 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of RBC Bearings by 10.2% in the 3rd quarter. Principal Financial Group Inc. now owns 11,817 shares of the industrial products company’s stock worth $1,479,000 after acquiring an additional 1,090 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of RBC Bearings by 14.2% in the 3rd quarter. New York State Common Retirement Fund now owns 39,782 shares of the industrial products company’s stock worth $4,979,000 after acquiring an additional 4,942 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of RBC Bearings by 2.3% in the 3rd quarter. Rhumbline Advisers now owns 31,199 shares of the industrial products company’s stock worth $3,905,000 after acquiring an additional 694 shares during the last quarter. Institutional investors own 99.41% of the company’s stock.
Several analysts recently issued reports on the stock. BidaskClub raised shares of RBC Bearings from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. CL King assumed coverage on shares of RBC Bearings in a research note on Wednesday, November 29th. They set a “buy” rating and a $142.00 price objective for the company. Zacks Investment Research cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. ValuEngine cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Drexel Hamilton assumed coverage on shares of RBC Bearings in a research note on Thursday, December 21st. They set a “buy” rating and a $140.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $141.00.
(https://stocknewstimes.com/2018/03/22/michael-j-hartnett-sells-3203-shares-of-rbc-bearings-incorporated-roll-stock.html)
【CBCC News Statement】
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.
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.
Previous JW Winco: Expanded range of rod end bearings
Next Wind power generation in China accounts for 4.8% of power generation in 2017
Next Wind power generation in China accounts for 4.8% of power generation in 2017
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
