RBC Bearings Incorporated (ROLL) Insider Michael J. Hartnett Sells 22,870 Shares

RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 22,870 shares of the stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $130.04, for a total value of $2,974,014.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

On Monday, June 11th, Michael J. Hartnett sold 10,810 shares of RBC Bearings stock. The shares were sold at an average price of $130.88, for a total value of $1,414,812.80.

On Thursday, June 7th, Michael J. Hartnett sold 8,000 shares of RBC Bearings stock. The shares were sold at an average price of $132.02, for a total value of $1,056,160.00.

On Friday, June 8th, Michael J. Hartnett sold 37,900 shares of RBC Bearings stock. The shares were sold at an average price of $130.21, for a total value of $4,934,959.00.

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 value of $422,400.00.

RBC Bearings traded down $1.00, hitting $129.38, during trading hours on Thursday, Marketbeat reports. 1,855 shares of the stock were exchanged, compared to its average volume of 81,588. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.60 and a quick ratio of 1.69. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 4.80 and a beta of 1.30. RBC Bearings Incorporated has a 12 month low of $98.55 and a 12 month high of $139.95.

RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings data on Wednesday, May 30th. The industrial products company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.05). The firm had revenue of $179.90 million for the quarter, compared to the consensus estimate of $175.57 million. RBC Bearings had a return on equity of 11.96% and a net margin of 12.91%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS. research analysts expect that RBC Bearings Incorporated will post 4.65 EPS for the current year.

A number of equities research analysts recently weighed in on ROLL shares. BidaskClub upgraded RBC Bearings from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. Zacks Investment Research cut RBC Bearings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Finally, William Blair restated an “outperform” rating on shares of RBC Bearings in a research note on Thursday, May 31st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. RBC Bearings presently has an average rating of “Buy” and an average target price of $141.00.

A number of hedge funds have recently bought and sold shares of ROLL. Wasatch Advisors Inc. increased its position in RBC Bearings by 8.4% during the 1st quarter. Wasatch Advisors Inc. now owns 1,299,177 shares of the industrial products company’s stock worth $161,358,000 after buying an additional 100,505 shares during the period. BlackRock Inc. increased its position in RBC Bearings by 3.9% during the 1st quarter. BlackRock Inc. now owns 2,147,860 shares of the industrial products company’s stock worth $266,764,000 after buying an additional 81,173 shares during the period. Cortina Asset Management LLC bought a new position in RBC Bearings during the 4th quarter worth $9,120,000. Goldman Sachs Group Inc. increased its position in RBC Bearings by 22.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 352,148 shares of the industrial products company’s stock worth $44,511,000 after buying an additional 64,511 shares during the period. Finally, Deutsche Bank AG increased its position in RBC Bearings by 150.4% during the 4th quarter. Deutsche Bank AG now owns 53,931 shares of the industrial products company’s stock worth $6,815,000 after buying an additional 32,396 shares during the period. Hedge funds and other institutional investors own 97.32% of the company’s stock.