RBC Bearings Inc. (NASDAQ:ROLL) insider Michael J. Hartnett sold 12,400 shares of RBC Bearings stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $80.96, for a total value of $1,003,904.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Tuesday, November 15th, Michael J. Hartnett sold 66,499 shares of RBC Bearings stock. The stock was sold at an average price of $81.71, for a total value of $5,433,633.29.
  • On Tuesday, October 11th, Michael J. Hartnett sold 6,742 shares of RBC Bearings stock. The stock was sold at an average price of $76.12, for a total value of $513,201.04.

Shares of RBC Bearings Inc. (NASDAQ:ROLL) traded up 0.11% during mid-day trading on Friday, hitting $80.65. The company had a trading volume of 26,858 shares. The firm’s 50 day moving average is $74.05 and its 200-day moving average is $74.82. RBC Bearings Inc. has a 12-month low of $54.38 and a 12-month high of $87.82. The firm has a market cap of $1.89 billion, a PE ratio of 26.36 and a beta of 1.10.

RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.01. RBC Bearings had a return on equity of 11.71% and a net margin of 11.75%. The company had revenue of $153.90 million for the quarter, compared to analyst estimates of $153.26 million. During the same period in the prior year, the company posted $0.76 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. On average, equities analysts expect that RBC Bearings Inc. will post $3.21 EPS for the current year.

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

Several large investors have recently added to or reduced their stakes in the stock. Aberdeen Asset Management PLC UK raised its stake in 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 in the last quarter. State Street Corp raised its stake in RBC Bearings by 2.9% in the first quarter. State Street Corp now owns 387,345 shares of the company’s stock valued at $28,377,000 after buying an additional 10,746 shares in the last quarter. Aperio Group LLC bought a new stake in RBC Bearings during the first quarter valued at $262,000. Confluence Investment Management LLC raised its stake in RBC Bearings by 69.5% in the second quarter. Confluence Investment Management LLC now owns 15,301 shares of the company’s stock valued at $1,109,000 after buying an additional 6,276 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in RBC Bearings by 98.2% in the third quarter. BNP Paribas Arbitrage SA now owns 2,059 shares of the company’s stock valued at $157,000 after buying an additional 1,020 shares in the last quarter.

ROLL has been the subject of several research reports. Seaport Global Securities lowered RBC Bearings from an “accumulate” rating to a “neutral” rating and set a $73.00 target price for the company. in a research report on Friday, October 14th. Zacks Investment Research raised RBC Bearings from a “sell” rating to a “hold” rating in a report on Friday, September 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $75.60.

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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