RBC Bearings Inc. (NASDAQ:ROLL) insider Michael J. Hartnett sold 14,618 shares of the firm’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $80.91, for a total transaction of $1,182,742.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 stock was sold at an average price of $80.96, for a total transaction of $1,003,904.00.
  • 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 transaction 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 transaction of $513,201.04.

Shares of RBC Bearings Inc. (NASDAQ:ROLL) traded up 0.60% during midday trading on Monday, hitting $80.60. 15,145 shares of the company’s stock were exchanged. RBC Bearings Inc. has a one year low of $54.38 and a one year high of $87.82. The firm has a market cap of $1.89 billion, a PE ratio of 26.34 and a beta of 1.10. The stock’s 50-day moving average price is $74.17 and its 200 day moving average price is $74.87.

RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.01. RBC Bearings had a net margin of 11.75% and a return on equity of 11.71%. The business had revenue of $153.90 million for the quarter, compared to analysts’ expectations of $153.26 million. During the same period in the prior year, the company posted $0.76 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts forecast 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 institutional investors have recently bought and sold shares of ROLL. Victory Capital Management Inc. boosted its position in RBC Bearings by 77.2% in the second quarter. Victory Capital Management Inc. now owns 1,448 shares of the company’s stock worth $105,000 after buying an additional 631 shares during the period. Sei Investments Co. raised its stake in RBC Bearings by 134.4% in the third quarter. Sei Investments Co. now owns 1,498 shares of the company’s stock valued at $114,000 after buying an additional 859 shares in the last quarter. Advisor Group Inc. acquired a new stake in RBC Bearings during the second quarter valued at approximately $116,000. BlackRock Inc. raised its stake in RBC Bearings by 111.7% in the first quarter. BlackRock Inc. now owns 1,647 shares of the company’s stock valued at $121,000 after buying an additional 869 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. 99.72% of the stock is currently owned by institutional investors and hedge funds.

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

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