Insider Selling: RBC Bearings Incorporated (NASDAQ:ROLL) Insider Sells 10,179 Shares of Stock
Resource from: https://www.fairfieldcurrent.com/2018/07/26/rbc-bearings-incorporated-roll-insider-michael-j-hartnett-sells-10179-shares-of-stock.html Likes:283
Jul 27,2018
RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 10,179 shares of the firm’s stock in a transaction dated Tuesday, July 10th. The shares were sold at an average price of $134.27, for a total transaction of $1,366,734.33. 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, July 9th, Michael J. Hartnett sold 5,400 shares of RBC Bearings stock. The shares were sold at an average price of $134.90, for a total transaction of $728,460.00.
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 Friday, June 29th, Michael J. Hartnett sold 3,600 shares of RBC Bearings stock. The shares were sold at an average price of $129.66, for a total transaction of $466,776.00.
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.
RBC Bearings opened at $141.61 on Thursday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 4.60. RBC Bearings Incorporated has a 1-year low of $101.08 and a 1-year high of $143.62. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 5.06 and a beta of 1.34.
RBC Bearings (NASDAQ:ROLL) last released its earnings results 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). RBC Bearings had a return on equity of 11.96% and a net margin of 12.91%. The business had revenue of $179.90 million during the quarter, compared to analysts’ expectations of $175.57 million. During the same period last year, the business earned $0.90 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. sell-side analysts forecast that RBC Bearings Incorporated will post 4.65 EPS for the current fiscal year.
ROLL has been the topic of a number of research reports. BidaskClub raised shares of RBC Bearings from a “hold” rating to a “buy” rating in a research note on Saturday, July 21st. 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 target price on the stock. Finally, William Blair reissued an “outperform” rating on shares of RBC Bearings in a research note on Thursday, May 31st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $139.40.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BB&T Securities LLC increased its holdings in shares of RBC Bearings by 3.8% during the 1st quarter. BB&T Securities LLC now owns 11,439 shares of the industrial products company’s stock worth $1,420,000 after buying an additional 418 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of RBC Bearings by 4.4% during the 1st quarter. Hsbc Holdings PLC now owns 10,708 shares of the industrial products company’s stock worth $1,330,000 after buying an additional 450 shares during the last quarter. Amalgamated Bank increased its holdings in shares of RBC Bearings by 15.4% during the 2nd quarter. Amalgamated Bank now owns 3,607 shares of the industrial products company’s stock worth $465,000 after buying an additional 481 shares during the last quarter. Confluence Investment Management LLC increased its holdings in shares of RBC Bearings by 2.0% during the 2nd quarter. Confluence Investment Management LLC now owns 25,901 shares of the industrial products company’s stock worth $3,336,000 after buying an additional 514 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of RBC Bearings by 1.4% during the 1st quarter. Swiss National Bank now owns 42,290 shares of the industrial products company’s stock worth $5,252,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.
(https://www.fairfieldcurrent.com/2018/07/26/rbc-bearings-incorporated-roll-insider-michael-j-hartnett-sells-10179-shares-of-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.
4.If the news we published involves copyright of yours,just let us know.
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