Michael J. Hartnett Sells 20,718 Shares of RBC Bearings Incorporated (ROLL) Stock

Share on StockTwits

RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 20,718 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $150.95, for a total value of $3,127,382.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Thursday, September 13th, Michael J. Hartnett sold 1,500 shares of RBC Bearings stock. The stock was sold at an average price of $150.67, for a total value of $226,005.00.
  • On Friday, September 7th, Michael J. Hartnett sold 15,978 shares of RBC Bearings stock. The stock was sold at an average price of $153.99, for a total value of $2,460,452.22.
  • On Monday, September 10th, Michael J. Hartnett sold 5,500 shares of RBC Bearings stock. The stock was sold at an average price of $154.04, for a total value of $847,220.00.
  • On Thursday, August 9th, Michael J. Hartnett sold 31,097 shares of RBC Bearings stock. The stock was sold at an average price of $140.27, for a total value of $4,361,976.19.
  • On Friday, August 10th, Michael J. Hartnett sold 33,104 shares of RBC Bearings stock. The stock was sold at an average price of $140.26, for a total value of $4,643,167.04.
  • On Tuesday, August 7th, Michael J. Hartnett sold 15,255 shares of RBC Bearings stock. The stock was sold at an average price of $141.82, for a total value of $2,163,464.10.
  • On Wednesday, August 8th, Michael J. Hartnett sold 26,322 shares of RBC Bearings stock. The stock was sold at an average price of $140.19, for a total value of $3,690,081.18.
  • On Monday, July 9th, Michael J. Hartnett sold 5,400 shares of RBC Bearings stock. The stock was sold at an average price of $134.90, for a total value of $728,460.00.
  • On Tuesday, July 10th, Michael J. Hartnett sold 10,179 shares of RBC Bearings stock. The stock was sold at an average price of $134.27, for a total value of $1,366,734.33.
  • On Monday, July 2nd, Michael J. Hartnett sold 4,325 shares of RBC Bearings stock. The stock was sold at an average price of $128.06, for a total value of $553,859.50.

Shares of NASDAQ ROLL opened at $150.64 on Friday. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 38.93, a price-to-earnings-growth ratio of 5.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.12 and a current ratio of 5.79. RBC Bearings Incorporated has a twelve month low of $106.68 and a twelve month high of $156.43.

RBC Bearings (NASDAQ:ROLL) last announced its earnings results on Thursday, August 2nd. The industrial products company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.10. The business had revenue of $176.00 million for the quarter, compared to analyst estimates of $174.32 million. RBC Bearings had a return on equity of 12.29% and a net margin of 13.51%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. research analysts forecast that RBC Bearings Incorporated will post 4.73 EPS for the current fiscal year.

A number of brokerages have weighed in on ROLL. Zacks Investment Research lowered RBC Bearings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 21st. BidaskClub upgraded RBC Bearings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 11th. William Blair restated an “outperform” rating on shares of RBC Bearings in a research note on Thursday, May 31st. Royal Bank of Canada restated a “sell” rating on shares of RBC Bearings in a research note on Thursday, August 9th. Finally, SunTrust Banks began coverage on RBC Bearings in a research note on Wednesday, June 20th. They issued a “hold” rating and a $133.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. RBC Bearings presently has a consensus rating of “Buy” and an average target price of $142.80.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its position in shares of RBC Bearings by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 174,454 shares of the industrial products company’s stock valued at $22,472,000 after purchasing an additional 5,826 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of RBC Bearings by 4.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 39,102 shares of the industrial products company’s stock valued at $5,037,000 after purchasing an additional 1,516 shares during the last quarter. Global X Management Co LLC increased its position in shares of RBC Bearings by 17.0% during the 2nd quarter. Global X Management Co LLC now owns 5,889 shares of the industrial products company’s stock valued at $759,000 after purchasing an additional 855 shares during the last quarter. Granahan Investment Management Inc. MA increased its position in shares of RBC Bearings by 8.0% during the 2nd quarter. Granahan Investment Management Inc. MA now owns 97,002 shares of the industrial products company’s stock valued at $12,495,000 after purchasing an additional 7,182 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of RBC Bearings during the 2nd quarter valued at about $880,000. Institutional investors and hedge funds own 96.56% of the company’s stock.

About RBC Bearings

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates in four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.

Featured Article: Technical Analysis of Stocks, How Can It Help

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

Receive News & Ratings for RBC Bearings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply