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

RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 22,870 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $130.04, for a total transaction of $2,974,014.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction 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 transaction 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 transaction 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 transaction of $422,400.00.

Shares of RBC Bearings traded down $1.45, reaching $129.66, during midday trading on Thursday, according to Marketbeat.com. 2,601 shares of the stock were exchanged, compared to its average volume of 78,036. The company has a market capitalization of $3.12 billion, a P/E ratio of 33.39, a P/E/G ratio of 4.69 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.60 and a quick ratio of 1.69. RBC Bearings Incorporated has a twelve month low of $98.55 and a twelve 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 Zacks’ consensus estimate of $1.13 by ($0.05). The company had revenue of $179.90 million for the quarter, compared to analysts’ expectations of $175.57 million. RBC Bearings had a return on equity of 11.96% and a net margin of 12.91%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. research analysts expect that RBC Bearings Incorporated will post 4.65 EPS for the current year.

ROLL has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th. BidaskClub upgraded shares of RBC Bearings from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. SunTrust Banks started coverage on shares of RBC Bearings in a report on Wednesday. They set a “hold” rating and a $133.00 price target for the company. Finally, William Blair restated an “outperform” rating on shares of RBC Bearings in a report on Thursday, May 31st. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $139.40.

Large investors have recently bought and sold shares of the stock. Cortina Asset Management LLC purchased a new position in shares of RBC Bearings during the 4th quarter worth approximately $9,120,000. Swiss National Bank boosted its position in shares of RBC Bearings by 4.3% during the 4th quarter. Swiss National Bank now owns 41,690 shares of the industrial products company’s stock worth $5,270,000 after purchasing an additional 1,700 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of 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 purchasing an additional 64,511 shares during the period. Teacher Retirement System of Texas boosted its position in shares of RBC Bearings by 314.6% during the 4th quarter. Teacher Retirement System of Texas now owns 8,317 shares of the industrial products company’s stock worth $1,051,000 after purchasing an additional 6,311 shares during the period. Finally, Gotham Asset Management LLC purchased a new position in shares of RBC Bearings during the 4th quarter worth approximately $374,000. 97.32% of the stock is owned by hedge funds and other institutional investors.