Michael J. Hartnett Sells 25,802 Shares of RBC Bearings Incorporated (ROLL) Stock

RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 25,802 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $106.64, for a total transaction of $2,751,525.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Friday, June 16th, Michael J. Hartnett sold 26,745 shares of RBC Bearings stock. The shares were sold at an average price of $103.84, for a total transaction of $2,777,200.80.
  • On Wednesday, June 14th, Michael J. Hartnett sold 11,716 shares of RBC Bearings stock. The shares were sold at an average price of $104.63, for a total transaction of $1,225,845.08.
  • On Monday, June 12th, Michael J. Hartnett sold 11,260 shares of RBC Bearings stock. The shares were sold at an average price of $105.97, for a total transaction of $1,193,222.20.

Shares of RBC Bearings Incorporated (ROLL) traded up 0.58% during midday trading on Monday, reaching $105.43. 81,766 shares of the company’s stock traded hands. The stock has a market capitalization of $2.51 billion, a P/E ratio of 35.50 and a beta of 1.28. The firm’s 50-day moving average price is $101.93 and its 200 day moving average price is $94.93. RBC Bearings Incorporated has a 1-year low of $67.99 and a 1-year high of $108.39.

RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings data on Wednesday, May 31st. The industrial products company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. The company had revenue of $160.20 million during the quarter, compared to the consensus estimate of $161.08 million. RBC Bearings had a net margin of 11.48% and a return on equity of 11.12%. RBC Bearings’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 EPS. On average, equities analysts predict that RBC Bearings Incorporated will post $3.57 earnings per share for the current fiscal year.

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

COPYRIGHT VIOLATION WARNING: This news story was originally published by BBNS and is owned by of BBNS. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://baseballnewssource.com/markets/insider-selling-rbc-bearings-incorporated-roll-insider-sells-25802-shares-of-stock-updated/985326.html.

Separately, Zacks Investment Research downgraded shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Monday, June 5th.

Institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of RBC Bearings by 6.3% in the first quarter. Victory Capital Management Inc. now owns 1,722 shares of the industrial products company’s stock worth $167,000 after buying an additional 102 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of RBC Bearings during the fourth quarter worth about $180,000. Ameritas Investment Partners Inc. bought a new position in shares of RBC Bearings during the first quarter worth about $190,000. Oxford Asset Management bought a new position in shares of RBC Bearings during the fourth quarter worth about $250,000. Finally, Ellington Management Group LLC bought a new position in shares of RBC Bearings during the fourth quarter worth about $278,000. Institutional investors own 99.43% of the company’s stock.

About RBC Bearings

RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.

Receive News & Ratings for RBC Bearings Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings Incorporated and related companies with our FREE daily email newsletter.

 


Latest News

Hitters in Major League Baseball on Record Home Run Pace
Hitters in Major League Baseball on Record Home Run Pace
Atlanta Considering Playing Freddie Freeman at Third
Atlanta Considering Playing Freddie Freeman at Third
Injury to Gleyber Torres Adds to Questions About Yankees
Injury to Gleyber Torres Adds to Questions About Yankees
Game Winning Home Run Completes Nolan Arenado Cycle
Game Winning Home Run Completes Nolan Arenado Cycle
New York Yankees and Masahiro Tanaka Hit Hard Again
New York Yankees and Masahiro Tanaka Hit Hard Again
Victor Martinez Diagnosed with Irregular Heartbeat
Victor Martinez Diagnosed with Irregular Heartbeat


Leave a Reply

 
© 2006-2017 BBNS.