RBC Bearings Inc. (NASDAQ:ROLL) insider Michael J. Hartnett sold 6,483 shares of RBC Bearings stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $80.31, for a total transaction of $520,649.73. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Thursday, November 17th, Michael J. Hartnett sold 14,618 shares of RBC Bearings stock. The shares were sold at an average price of $80.91, for a total transaction of $1,182,742.38.
  • 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.

RBC Bearings Inc. (NASDAQ:ROLL) traded up 2.35% during mid-day trading on Monday, reaching $82.00. The company’s stock had a trading volume of 108,237 shares. The stock’s 50 day moving average is $74.17 and its 200 day moving average is $74.87. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 26.80 and a beta of 1.10. RBC Bearings Inc. has a 12 month low of $54.38 and a 12 month high of $87.82.

RBC Bearings (NASDAQ:ROLL) last announced its earnings results on Thursday, November 3rd. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. The company had revenue of $153.90 million for the quarter, compared to analysts’ expectations of $153.26 million. RBC Bearings had a return on equity of 11.71% and a net margin of 11.75%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. Equities research analysts predict that RBC Bearings Inc. will post $3.21 EPS for the current year.

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

ROLL has been the topic of several research reports. Zacks Investment Research upgraded shares of RBC Bearings from a “sell” rating to a “hold” rating in a research report on Wednesday, September 21st. Seaport Global Securities cut shares of RBC Bearings from an “accumulate” rating to a “neutral” rating and set a $73.00 price target on the stock. 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 assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $75.60.

Several hedge funds have recently made changes to their positions in ROLL. Victory Capital Management Inc. boosted its stake in shares of RBC Bearings by 77.2% in the second quarter. Victory Capital Management Inc. now owns 1,448 shares of the company’s stock valued at $105,000 after buying an additional 631 shares during the last quarter. Sei Investments Co. boosted its stake in shares of 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 during the last quarter. Advisor Group Inc. acquired a new stake in shares of RBC Bearings during the second quarter valued at approximately $116,000. BlackRock Inc. boosted its stake in shares of 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 during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of 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 during the last quarter. Institutional investors own 99.72% of the company’s stock.

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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