RBC Bearings Incorporated (NASDAQ:ROLL) CEO Michael J. Hartnett sold 2,800 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $150.46, for a total value of $421,288.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Michael J. Hartnett also recently made the following trade(s):
- On Monday, June 10th, Michael J. Hartnett sold 2,201 shares of RBC Bearings stock. The shares were sold at an average price of $150.55, for a total value of $331,360.55.
- On Tuesday, June 11th, Michael J. Hartnett sold 5,381 shares of RBC Bearings stock. The shares were sold at an average price of $150.48, for a total value of $809,732.88.
Shares of RBC Bearings stock opened at $153.93 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 5.58. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 31.48, a P/E/G ratio of 4.89 and a beta of 1.24. RBC Bearings Incorporated has a one year low of $123.50 and a one year high of $169.84.
RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings results on Thursday, May 23rd. The industrial products company reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.11. The business had revenue of $182.20 million for the quarter, compared to analysts’ expectations of $180.76 million. RBC Bearings had a return on equity of 13.01% and a net margin of 14.97%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 EPS. As a group, equities analysts expect that RBC Bearings Incorporated will post 5.31 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in ROLL. Norges Bank purchased a new position in RBC Bearings in the 4th quarter worth approximately $23,592,000. TimesSquare Capital Management LLC increased its stake in shares of RBC Bearings by 91.1% during the first quarter. TimesSquare Capital Management LLC now owns 271,524 shares of the industrial products company’s stock valued at $34,530,000 after buying an additional 129,420 shares during the period. Clearbridge Investments LLC increased its stake in shares of RBC Bearings by 66.4% during the first quarter. Clearbridge Investments LLC now owns 196,398 shares of the industrial products company’s stock valued at $24,976,000 after buying an additional 78,378 shares during the period. Ellis Investment Partners LLC purchased a new position in shares of RBC Bearings during the first quarter valued at approximately $62,000. Finally, BlackRock Inc. increased its stake in shares of RBC Bearings by 2.7% during the fourth quarter. BlackRock Inc. now owns 2,290,937 shares of the industrial products company’s stock valued at $300,340,000 after buying an additional 60,064 shares during the period. 97.00% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on ROLL shares. William Blair reissued an “outperform” rating on shares of RBC Bearings in a report on Friday, May 24th. ValuEngine cut RBC Bearings from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. BidaskClub cut RBC Bearings from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. SunTrust Banks raised their price objective on RBC Bearings to $137.00 and gave the company a “hold” rating in a report on Friday, May 24th. Finally, Zacks Investment Research cut RBC Bearings from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $161.33.
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RBC Bearings Company Profile
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates in four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.
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