RBC Bearings Incorporated (NASDAQ:ROLL) Insider Michael J. Hartnett Sells 22,870 Shares
RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 22,870 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $130.04, for a total transaction of $2,974,014.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Michael J. Hartnett also recently made the following trade(s):
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 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.
On Wednesday, March 21st, Michael J. Hartnett sold 3,300 shares of RBC Bearings stock. The shares were sold at an average price of $128.00, for a total transaction of $422,400.00.
Shares of RBC Bearings traded down $1.45, reaching $129.66, during midday trading on Thursday, according to Marketbeat.com. 2,601 shares of the stock were exchanged, compared to its average volume of 78,036. The company has a market capitalization of $3.12 billion, a P/E ratio of 33.39, a P/E/G ratio of 4.69 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.60 and a quick ratio of 1.69. RBC Bearings Incorporated has a twelve month low of $98.55 and a twelve month high of $139.95.
RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings data on Wednesday, May 30th. The industrial products company reported $1.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.05). The company had revenue of $179.90 million for the quarter, compared to analysts’ expectations of $175.57 million. RBC Bearings had a return on equity of 11.96% and a net margin of 12.91%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. research analysts expect that RBC Bearings Incorporated will post 4.65 EPS for the current year.
ROLL has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th. BidaskClub upgraded shares of RBC Bearings from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. SunTrust Banks started coverage on shares of RBC Bearings in a report on Wednesday. They set a “hold” rating and a $133.00 price target for the company. Finally, William Blair restated an “outperform” rating on shares of RBC Bearings in a report on Thursday, May 31st. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $139.40.
Large investors have recently bought and sold shares of the stock. Cortina Asset Management LLC purchased a new position in shares of RBC Bearings during the 4th quarter worth approximately $9,120,000. Swiss National Bank boosted its position in shares of RBC Bearings by 4.3% during the 4th quarter. Swiss National Bank now owns 41,690 shares of the industrial products company’s stock worth $5,270,000 after purchasing an additional 1,700 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of RBC Bearings by 22.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 352,148 shares of the industrial products company’s stock worth $44,511,000 after purchasing an additional 64,511 shares during the period. Teacher Retirement System of Texas boosted its position in shares of RBC Bearings by 314.6% during the 4th quarter. Teacher Retirement System of Texas now owns 8,317 shares of the industrial products company’s stock worth $1,051,000 after purchasing an additional 6,311 shares during the period. Finally, Gotham Asset Management LLC purchased a new position in shares of RBC Bearings during the 4th quarter worth approximately $374,000. 97.32% of the stock is owned by hedge funds and other institutional investors.
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.
Next NSK Ltd/ADR (NPSKY) Cut to “Sell” at ValuEngine
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.
