RBC Bearings Incorporated (ROLL) CEO Sells $3,100,388.36 in Stock
29 Mar,2018
Michael J. Hartnett also recently made the following trade(s):
•On Wednesday, March 21st, Michael J. Hartnett sold 3,300 shares of RBC Bearings stock. The shares were sold at an average price of $128.00, for a total transaction of $422,400.00.
•On Monday, March 12th, Michael J. Hartnett sold 3,203 shares of RBC Bearings stock. The shares were sold at an average price of $128.35, for a total transaction of $411,105.05.
•On Monday, March 12th, Michael J. Hartnett sold 27,421 shares of RBC Bearings stock. The shares were sold at an average price of $128.06, for a total transaction of $3,511,533.26.
•On Friday, December 29th, Michael J. Hartnett sold 500 shares of RBC Bearings stock. The shares were sold at an average price of $128.00, for a total transaction of $64,000.00.
RBC Bearings stock traded down $0.60 during mid-day trading on Wednesday, reaching $120.19. 25,918 shares of the company traded hands, compared to its average volume of 86,673. The firm has a market capitalization of $2,975.70, a P/E ratio of 33.20, a P/E/G ratio of 5.34 and a beta of 1.29. RBC Bearings Incorporated has a 1-year low of $91.00 and a 1-year high of $139.95. The company has a quick ratio of 1.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.23.
RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.86 by $0.19. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. The firm had revenue of $166.86 million for the quarter, compared to analysts’ expectations of $163.46 million. During the same period in the previous year, the business earned $0.73 earnings per share. RBC Bearings’s revenue for the quarter was up 13.8% compared to the same quarter last year. sell-side analysts expect that RBC Bearings Incorporated will post 3.91 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in RBC Bearings in the third quarter worth about $189,000. Global X Management Co. LLC raised its position in RBC Bearings by 75.0% in the fourth quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 705 shares in the last quarter. Comerica Bank bought a new stake in RBC Bearings in the third quarter worth about $230,000. Teacher Retirement System of Texas bought a new stake in RBC Bearings in the third quarter worth about $251,000. Finally, Guggenheim Capital LLC bought a new stake in RBC Bearings in the fourth quarter worth about $276,000. Hedge funds and other institutional investors own 99.49% of the company’s stock.
ROLL has been the subject of several recent research reports. Drexel Hamilton initiated coverage on shares of RBC Bearings in a research note on Thursday, December 21st. They set a “buy” rating and a $140.00 target price for the company. BidaskClub lowered shares of RBC Bearings from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. CL King initiated coverage on shares of RBC Bearings in a research note on Wednesday, November 29th. They set a “buy” rating and a $142.00 target price for the company. Zacks Investment Research upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research note on Tuesday, January 23rd. Finally, ValuEngine lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $141.00.
