Insider Selling: RBC Bearings Incorporated (ROLL) Insider Sells 6,300 Shares of Stock

RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 6,300 shares of RBC Bearings stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $128.68, for a total value of $810,684.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

RBC Bearings Incorporated (NASDAQ:ROLL) traded down $3.59 during trading hours on Wednesday, hitting $127.53. The company had a trading volume of 89,100 shares, compared to its average volume of 88,171. The company has a current ratio of 4.68, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $3,179.03, a P/E ratio of 38.91, a P/E/G ratio of 6.15 and a beta of 1.34. RBC Bearings Incorporated has a twelve month low of $83.80 and a twelve month high of $139.95.

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

A number of research firms recently issued reports on ROLL. ValuEngine downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. BidaskClub downgraded RBC Bearings from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. CL King began coverage on RBC Bearings in a research report on Wednesday, November 29th. They issued a “buy” rating and a $142.00 target price on the stock. Finally, Bank of America lifted their target price on RBC Bearings from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. RBC Bearings currently has a consensus rating of “Buy” and an average target price of $139.33.

A number of hedge funds and other institutional investors have recently made changes to their positions in ROLL. Aperio Group LLC increased its position in RBC Bearings by 10.1% during the second quarter. Aperio Group LLC now owns 3,663 shares of the industrial products company’s stock worth $373,000 after buying an additional 337 shares during the last quarter. Russell Investments Group Ltd. increased its position in RBC Bearings by 311.9% during the second quarter. Russell Investments Group Ltd. now owns 88,067 shares of the industrial products company’s stock worth $8,962,000 after buying an additional 66,685 shares during the last quarter. Strs Ohio increased its position in RBC Bearings by 71.4% during the second quarter. Strs Ohio now owns 1,200 shares of the industrial products company’s stock worth $122,000 after buying an additional 500 shares during the last quarter. Davis R M Inc. increased its position in RBC Bearings by 20.7% during the second quarter. Davis R M Inc. now owns 30,015 shares of the industrial products company’s stock worth $3,054,000 after buying an additional 5,150 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in RBC Bearings by 4.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 127,253 shares of the industrial products company’s stock worth $12,950,000 after buying an additional 5,046 shares during the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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