RBC Bearings Incorporated (ROLL) CEO Sells $3,100,388.36 in Stock
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RBC Bearings Incorporated (NASDAQ:ROLL) CEO Michael J. Hartnett sold 24,218 shares of RBC Bearings stock in a transaction on Friday, March 9th. The stock was sold at an average price of $128.02, for a total transaction of $3,100,388.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. <br />
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Michael J. Hartnett also recently made the following trade(s): <br />
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•On Wednesday, March 21st, Michael J. Hartnett sold 3,300 shares of RBC Bearings stock. The shares were sold at an average price of $128.00, for a total transaction of $422,400.00. <br />
•On Monday, March 12th, Michael J. Hartnett sold 3,203 shares of RBC Bearings stock. The shares were sold at an average price of $128.35, for a total transaction of $411,105.05. <br />
•On Monday, March 12th, Michael J. Hartnett sold 27,421 shares of RBC Bearings stock. The shares were sold at an average price of $128.06, for a total transaction of $3,511,533.26. <br />
•On Friday, December 29th, Michael J. Hartnett sold 500 shares of RBC Bearings stock. The shares were sold at an average price of $128.00, for a total transaction of $64,000.00. <br />
RBC Bearings stock traded down $0.60 during mid-day trading on Wednesday, reaching $120.19. 25,918 shares of the company traded hands, compared to its average volume of 86,673. The firm has a market capitalization of $2,975.70, a P/E ratio of 33.20, a P/E/G ratio of 5.34 and a beta of 1.29. RBC Bearings Incorporated has a 1-year low of $91.00 and a 1-year high of $139.95. The company has a quick ratio of 1.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.23. <br />
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RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.86 by $0.19. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. The firm had revenue of $166.86 million for the quarter, compared to analysts¡¯ expectations of $163.46 million. During the same period in the previous year, the business earned $0.73 earnings per share. RBC Bearings¡¯s revenue for the quarter was up 13.8% compared to the same quarter last year. sell-side analysts expect that RBC Bearings Incorporated will post 3.91 EPS for the current fiscal year. <br />
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Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in RBC Bearings in the third quarter worth about $189,000. Global X Management Co. LLC raised its position in RBC Bearings by 75.0% in the fourth quarter. Global X Management Co. LLC now owns 1,645 shares of the industrial products company¡¯s stock worth $208,000 after acquiring an additional 705 shares in the last quarter. Comerica Bank bought a new stake in RBC Bearings in the third quarter worth about $230,000. Teacher Retirement System of Texas bought a new stake in RBC Bearings in the third quarter worth about $251,000. Finally, Guggenheim Capital LLC bought a new stake in RBC Bearings in the fourth quarter worth about $276,000. Hedge funds and other institutional investors own 99.49% of the company¡¯s stock. <br />
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ROLL has been the subject of several recent research reports. Drexel Hamilton initiated coverage on shares of RBC Bearings in a research note on Thursday, December 21st. They set a ¡°buy¡± rating and a $140.00 target price for the company. BidaskClub lowered shares of RBC Bearings from a ¡°strong-buy¡± rating to a ¡°buy¡± rating in a research note on Wednesday, December 6th. CL King initiated coverage on shares of RBC Bearings in a research note on Wednesday, November 29th. They set a ¡°buy¡± rating and a $142.00 target price for the company. Zacks Investment Research upgraded shares of RBC Bearings from a ¡°hold¡± rating to a ¡°buy¡± rating and set a $144.00 target price for the company in a research note on Tuesday, January 23rd. Finally, ValuEngine lowered shares of RBC Bearings from a ¡°buy¡± rating to a ¡°hold¡± rating in a research note on Friday, December 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of ¡°Buy¡± and a consensus price target of $141.00.
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29 Mar,2018
