RBC Bearings Inc. (NASDAQ:ROLL) insider Michael J. Hartnett sold 66,499 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $81.71, for a total value of $5,433,633.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, November 16th, Michael J. Hartnett sold 12,400 shares of RBC Bearings stock. The shares were sold at an average price of $80.96, for a total value of $1,003,904.00.
  • On Tuesday, October 11th, Michael J. Hartnett sold 6,742 shares of RBC Bearings stock. The shares were sold at an average price of $76.12, for a total value of $513,201.04.

Shares of RBC Bearings Inc. (NASDAQ:ROLL) opened at 80.56 on Friday. The company has a market cap of $1.89 billion, a PE ratio of 26.33 and a beta of 1.10. RBC Bearings Inc. has a 1-year low of $54.38 and a 1-year high of $87.82. The company has a 50-day moving average price of $74.05 and a 200-day moving average price of $74.82.

RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.01. The firm earned $153.90 million during the quarter, compared to the consensus estimate of $153.26 million. RBC Bearings had a return on equity of 11.71% and a net margin of 11.75%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 earnings per share. Equities research analysts expect that RBC Bearings Inc. will post $3.21 earnings per share for the current fiscal year.

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

Several equities research analysts have recently commented on ROLL shares. Zacks Investment Research downgraded RBC Bearings from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Seaport Global Securities cut RBC Bearings from an “accumulate” rating to a “neutral” rating and set a $73.00 price target on the stock. in a research note on Friday, October 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. RBC Bearings presently has an average rating of “Hold” and an average target price of $75.60.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of RBC Bearings by 13.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,064,044 shares of the company’s stock valued at $157,858,000 after buying an additional 247,077 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of RBC Bearings by 9.0% in the third quarter. Neuberger Berman Group LLC now owns 1,780,572 shares of the company’s stock valued at $136,178,000 after buying an additional 146,498 shares during the last quarter. Henderson Group PLC boosted its position in shares of RBC Bearings by 57.5% in the second quarter. Henderson Group PLC now owns 360,859 shares of the company’s stock valued at $26,162,000 after buying an additional 131,804 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of RBC Bearings by 13.8% in the third quarter. JPMorgan Chase & Co. now owns 1,004,454 shares of the company’s stock valued at $76,821,000 after buying an additional 121,662 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its position in shares of RBC Bearings by 22.1% in the second quarter. Aberdeen Asset Management PLC UK now owns 472,666 shares of the company’s stock valued at $34,268,000 after buying an additional 85,697 shares during the last quarter.

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.

5 Day Chart for NASDAQ:ROLL

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