Insider Selling: RBC Bearings Incorporated (NASDAQ:ROLL) Insider Sells 5,381 Shares of Stock
RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 5,381 shares of RBC Bearings stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $150.48, for a total value of $809,732.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Michael J. Hartnett also recently made the following trade(s):
On Thursday, June 27th, Michael J. Hartnett sold 7,925 shares of RBC Bearings stock. The stock was sold at an average price of $161.48, for a total value of $1,279,729.00.
On Monday, June 10th, Michael J. Hartnett sold 2,201 shares of RBC Bearings stock. The stock was sold at an average price of $150.55, for a total value of $331,360.55.
On Friday, June 7th, Michael J. Hartnett sold 2,800 shares of RBC Bearings stock. The stock was sold at an average price of $150.46, for a total value of $421,288.00.
ROLL traded down $0.54 on Thursday, hitting $167.53. The company had a trading volume of 77,998 shares, compared to its average volume of 118,036. RBC Bearings Incorporated has a 12-month low of $123.50 and a 12-month high of $171.54. The company’s fifty day moving average is $151.32. The firm has a market cap of $4.16 billion, a P/E ratio of 34.61, a PEG ratio of 5.39 and a beta of 1.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 5.58.
RBC Bearings (NASDAQ:ROLL) last announced its earnings results on Thursday, May 23rd. The industrial products company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.11. RBC Bearings had a return on equity of 13.01% and a net margin of 14.97%. The business had revenue of $182.20 million during the quarter, compared to analyst estimates of $180.76 million. During the same quarter in the previous year, the business earned $1.08 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, sell-side analysts anticipate that RBC Bearings Incorporated will post 5.31 EPS for the current year.
Several large investors have recently made changes to their positions in the business. IFP Advisors Inc boosted its position in shares of RBC Bearings by 66.7% during the fourth quarter. IFP Advisors Inc now owns 195 shares of the industrial products company’s stock valued at $26,000 after buying an additional 78 shares during the period. Virginia Retirement Systems ET AL raised its stake in shares of RBC Bearings by 1.6% during the fourth quarter. Virginia Retirement Systems ET AL now owns 6,500 shares of the industrial products company’s stock valued at $852,000 after acquiring an additional 100 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of RBC Bearings by 20.8% during the first quarter. Advisory Services Network LLC now owns 697 shares of the industrial products company’s stock valued at $89,000 after acquiring an additional 120 shares in the last quarter. Comerica Bank raised its stake in shares of RBC Bearings by 6.9% during the fourth quarter. Comerica Bank now owns 1,894 shares of the industrial products company’s stock valued at $257,000 after acquiring an additional 123 shares in the last quarter. Finally, Chartwell Investment Partners LLC raised its stake in shares of RBC Bearings by 1.4% during the first quarter. Chartwell Investment Partners LLC now owns 10,592 shares of the industrial products company’s stock valued at $1,347,000 after acquiring an additional 142 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.
Several equities research analysts have recently issued reports on ROLL shares. ValuEngineraised RBC Bearings from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Zacks Investment Research lowered RBC Bearings from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. BidaskClub lowered RBC Bearings from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th. William Blair reiterated an “outperform” rating on shares of RBC Bearings in a research report on Friday, May 24th. Finally, SunTrust Banks lifted their price target on RBC Bearings to $137.00 and gave the stock a “hold” rating in a research report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. RBC Bearings has an average rating of “Hold” and an average price target of $161.33.
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