RBC Bearings Incorporated (NYSE:RBC – Get Free Report) Director Edward Stewart sold 600 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $592.83, for a total value of $355,698.00. Following the completion of the sale, the director directly owned 21,337 shares of the company’s stock, valued at approximately $12,649,213.71. The trade was a 2.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
RBC Bearings Trading Down 0.0%
Shares of RBC stock traded down $0.12 on Friday, hitting $589.64. The company had a trading volume of 166,085 shares, compared to its average volume of 213,851. The firm has a market cap of $18.65 billion, a P/E ratio of 64.85, a P/E/G ratio of 3.38 and a beta of 1.42. The stock’s 50-day moving average is $580.01 and its two-hundred day moving average is $527.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.78 and a current ratio of 2.18. RBC Bearings Incorporated has a twelve month low of $363.05 and a twelve month high of $632.00.
RBC Bearings (NYSE:RBC – Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The industrial products company reported $3.62 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.31. The company had revenue of $518.00 million during the quarter, compared to analysts’ expectations of $505.90 million. RBC Bearings had a return on equity of 11.35% and a net margin of 15.37%.The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.83 earnings per share. On average, equities research analysts anticipate that RBC Bearings Incorporated will post 13.58 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Institutional Trading of RBC Bearings
Institutional investors and hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new stake in shares of RBC Bearings in the first quarter worth approximately $27,000. SBI Securities Co. Ltd. raised its stake in shares of RBC Bearings by 106.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 64 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 33 shares during the last quarter. Millstone Evans Group LLC raised its stake in shares of RBC Bearings by 45.3% in the first quarter. Millstone Evans Group LLC now owns 77 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 24 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of RBC Bearings in the fourth quarter worth approximately $35,000. Finally, Advisors Asset Management Inc. purchased a new stake in shares of RBC Bearings in the first quarter worth approximately $26,000.
About RBC Bearings
RBC Bearings Incorporated is a global designer, manufacturer and marketer of highly engineered precision bearings and components for extreme applications. The company’s product portfolio includes cylindrical roller bearings, spherical plain bearings, ball bearings, track rollers, and engineered components such as metal-to-metal and polymer bearings. These products are tailored to meet the demanding requirements of aerospace, defense and industrial customers where reliability under severe conditions is critical.
The company’s bearings and components find application in aircraft engines, auxiliary power units, landing gear systems, space and missile programs, industrial gas turbines, oil and gas drilling equipment, and heavy machinery.
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