RBC Bearings Incorporated (NASDAQ:ROLL) VP Thomas C. Crainer sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $120.76, for a total transaction of $1,811,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of RBC Bearings Incorporated (NASDAQ ROLL) opened at $124.97 on Monday. RBC Bearings Incorporated has a twelve month low of $79.88 and a twelve month high of $135.54. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.68 and a quick ratio of 1.64. The company has a market cap of $3,029.92, a PE ratio of 37.08, a PEG ratio of 5.86 and a beta of 1.34.

RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings results on Friday, November 3rd. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The business had revenue of $164.30 million during the quarter, compared to the consensus estimate of $164.56 million. RBC Bearings had a net margin of 11.18% and a return on equity of 11.10%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. sell-side analysts expect that RBC Bearings Incorporated will post 3.63 earnings per share for the current year.

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Several research firms have recently commented on ROLL. Zacks Investment Research upgraded shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a report on Thursday, August 10th. BidaskClub upgraded shares of RBC Bearings from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Finally, Bank of America Corporation boosted their price target on shares of RBC Bearings from $120.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 8th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in shares of RBC Bearings by 5.1% during the 1st quarter. Bank of America Corp DE now owns 53,335 shares of the industrial products company’s stock worth $5,178,000 after acquiring an additional 2,578 shares in the last quarter. Blair William & Co. IL raised its stake in shares of RBC Bearings by 58.7% during the 2nd quarter. Blair William & Co. IL now owns 8,293 shares of the industrial products company’s stock worth $844,000 after acquiring an additional 3,068 shares in the last quarter. Aperio Group LLC raised its stake in shares of RBC Bearings by 10.1% during the 2nd quarter. Aperio Group LLC now owns 3,663 shares of the industrial products company’s stock worth $373,000 after acquiring an additional 337 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of RBC Bearings by 0.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 288,730 shares of the industrial products company’s stock worth $29,381,000 after acquiring an additional 1,116 shares in the last quarter. Finally, Davis R M Inc. raised its stake in shares of RBC Bearings by 39.7% during the 3rd quarter. Davis R M Inc. now owns 41,930 shares of the industrial products company’s stock worth $5,248,000 after acquiring an additional 11,915 shares in the last quarter. Hedge funds and other institutional investors own 98.54% of the company’s stock.

RBC Bearings Company Profile

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.

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

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