RBC Bearings Incorporated (ROLL) CEO Michael J. Hartnett Sells 9,666 Shares

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RBC Bearings Incorporated (NASDAQ:ROLL) CEO Michael J. Hartnett sold 9,666 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $150.59, for a total transaction of $1,455,602.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Michael J. Hartnett also recently made the following trade(s):

  • On Friday, September 21st, Michael J. Hartnett sold 11,429 shares of RBC Bearings stock. The shares were sold at an average price of $153.31, for a total transaction of $1,752,179.99.
  • On Friday, September 21st, Michael J. Hartnett sold 18,029 shares of RBC Bearings stock. The shares were sold at an average price of $152.97, for a total transaction of $2,757,896.13.
  • On Monday, September 17th, Michael J. Hartnett sold 6,564 shares of RBC Bearings stock. The shares were sold at an average price of $151.24, for a total transaction of $992,739.36.
  • On Wednesday, September 19th, Michael J. Hartnett sold 21,730 shares of RBC Bearings stock. The shares were sold at an average price of $151.31, for a total transaction of $3,287,966.30.
  • On Thursday, September 13th, Michael J. Hartnett sold 1,500 shares of RBC Bearings stock. The shares were sold at an average price of $150.67, for a total transaction of $226,005.00.
  • On Friday, September 14th, Michael J. Hartnett sold 20,718 shares of RBC Bearings stock. The shares were sold at an average price of $150.95, for a total transaction of $3,127,382.10.
  • On Friday, September 7th, Michael J. Hartnett sold 15,978 shares of RBC Bearings stock. The shares were sold at an average price of $153.99, for a total transaction of $2,460,452.22.
  • On Monday, September 10th, Michael J. Hartnett sold 5,500 shares of RBC Bearings stock. The shares were sold at an average price of $154.04, for a total transaction of $847,220.00.
  • On Thursday, August 9th, Michael J. Hartnett sold 31,097 shares of RBC Bearings stock. The shares were sold at an average price of $140.27, for a total transaction of $4,361,976.19.
  • On Friday, August 10th, Michael J. Hartnett sold 33,104 shares of RBC Bearings stock. The shares were sold at an average price of $140.26, for a total transaction of $4,643,167.04.

Shares of RBC Bearings stock traded down $3.40 on Friday, hitting $137.96. 174,846 shares of the company traded hands, compared to its average volume of 83,780. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.12 and a current ratio of 5.79. The stock has a market cap of $3.70 billion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 5.42 and a beta of 1.47. RBC Bearings Incorporated has a 12-month low of $111.61 and a 12-month high of $158.18.

RBC Bearings (NASDAQ:ROLL) last issued its earnings results on Thursday, August 2nd. The industrial products company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.10. The company had revenue of $176.00 million for the quarter, compared to analysts’ expectations of $174.32 million. RBC Bearings had a net margin of 13.51% and a return on equity of 12.29%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. On average, analysts predict that RBC Bearings Incorporated will post 4.73 earnings per share for the current year.

Several research analysts have commented on ROLL shares. SunTrust Banks started coverage on shares of RBC Bearings in a report on Wednesday, June 20th. They issued a “hold” rating and a $133.00 price target for the company. BidaskClub upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating in a research report on Saturday, July 21st. Zacks Investment Research upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $159.00 price objective on the stock in a research report on Tuesday, July 31st. Royal Bank of Canada restated a “sell” rating on shares of RBC Bearings in a research report on Thursday, August 9th. Finally, William Blair restated an “outperform” rating on shares of RBC Bearings in a research report on Thursday, September 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $142.80.

A number of large investors have recently modified their holdings of the stock. Atria Investments LLC raised its position in RBC Bearings by 25.0% in the 3rd quarter. Atria Investments LLC now owns 5,753 shares of the industrial products company’s stock worth $865,000 after purchasing an additional 1,151 shares during the period. United Services Automobile Association raised its position in RBC Bearings by 5.1% in the 2nd quarter. United Services Automobile Association now owns 62,084 shares of the industrial products company’s stock worth $7,997,000 after purchasing an additional 3,000 shares during the period. Northern Trust Corp raised its position in RBC Bearings by 2.5% in the 2nd quarter. Northern Trust Corp now owns 312,158 shares of the industrial products company’s stock worth $40,209,000 after purchasing an additional 7,548 shares during the period. Bank of New York Mellon Corp raised its position in RBC Bearings by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 174,454 shares of the industrial products company’s stock worth $22,472,000 after purchasing an additional 5,826 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in RBC Bearings by 4.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 39,102 shares of the industrial products company’s stock worth $5,037,000 after purchasing an additional 1,516 shares during the period. Institutional investors own 96.55% of the company’s stock.

About RBC Bearings

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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Insider Buying and Selling by Quarter for RBC Bearings (NASDAQ:ROLL)

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