RBC Bearings logoRBC Bearings Incorporated (NASDAQ:ROLL) General Counsel Thomas J. Williams sold 13,841 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $140.32, for a total transaction of $1,942,169.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ:ROLL traded down $0.32 during midday trading on Thursday, hitting $142.81. The company had a trading volume of 58,600 shares, compared to its average volume of 82,641. RBC Bearings Incorporated has a 52-week low of $102.33 and a 52-week high of $151.50. The firm has a market capitalization of $3.44 billion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 5.04 and a beta of 1.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.12 and a current ratio of 5.79.

RBC Bearings (NASDAQ:ROLL) last announced its earnings results on Thursday, August 2nd. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.10. RBC Bearings had a net margin of 13.51% and a return on equity of 12.29%. The company had revenue of $176.00 million during the quarter, compared to analyst estimates of $174.32 million. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. sell-side analysts forecast that RBC Bearings Incorporated will post 4.73 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in RBC Bearings by 31.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,628 shares of the industrial products company’s stock valued at $210,000 after buying an additional 391 shares during the period. Victory Capital Management Inc. boosted its position in RBC Bearings by 15.9% during the second quarter. Victory Capital Management Inc. now owns 3,038 shares of the industrial products company’s stock valued at $391,000 after buying an additional 417 shares during the period. BB&T Securities LLC boosted its position in RBC Bearings by 3.8% during the first quarter. BB&T Securities LLC now owns 11,439 shares of the industrial products company’s stock valued at $1,420,000 after buying an additional 418 shares during the period. Hsbc Holdings PLC boosted its position in RBC Bearings by 4.4% during the first quarter. Hsbc Holdings PLC now owns 10,708 shares of the industrial products company’s stock valued at $1,330,000 after buying an additional 450 shares during the period. Finally, Amalgamated Bank boosted its position in RBC Bearings by 15.4% during the second quarter. Amalgamated Bank now owns 3,607 shares of the industrial products company’s stock valued at $465,000 after buying an additional 481 shares during the period. Institutional investors and hedge funds own 97.32% of the company’s stock.

Several research firms have recently weighed in on ROLL. William Blair reaffirmed an “outperform” rating on shares of RBC Bearings in a report on Thursday, May 31st. BidaskClub lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Saturday, August 4th. Royal Bank of Canada reiterated a “sell” rating on shares of RBC Bearings in a research report on Thursday, August 9th. SunTrust Banks assumed coverage on shares of RBC Bearings in a research report on Wednesday, June 20th. They issued a “hold” rating and a $133.00 target price for the company. Finally, Zacks Investment Research upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $159.00 target price for the company in a research report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. RBC Bearings currently has an average rating of “Buy” and an average price target of $142.80.