RBC Bearings Incorporated (NASDAQ:ROLL) CFO Daniel A. Bergeron sold 5,000 shares of RBC Bearings stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $158.96, for a total value of $794,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Daniel A. Bergeron also recently made the following trade(s):

  • On Wednesday, August 21st, Daniel A. Bergeron sold 20,000 shares of RBC Bearings stock. The stock was sold at an average price of $157.74, for a total value of $3,154,800.00.

Shares of ROLL stock traded down $0.33 on Thursday, hitting $157.43. The company had a trading volume of 520 shares, compared to its average volume of 81,424. The firm has a market cap of $3.94 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 5.09 and a beta of 1.26. The company has a 50-day moving average price of $162.10 and a 200-day moving average price of $145.30. The company has a quick ratio of 1.72, a current ratio of 5.15 and a debt-to-equity ratio of 0.05. RBC Bearings Incorporated has a twelve month low of $123.50 and a twelve month high of $171.54.

RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.04. The business had revenue of $182.69 million during the quarter, compared to analysts’ expectations of $183.13 million. RBC Bearings had a return on equity of 12.82% and a net margin of 15.26%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 EPS. Equities research analysts expect that RBC Bearings Incorporated will post 5.3 EPS for the current year.

Several hedge funds have recently modified their holdings of ROLL. Kavar Capital Partners LLC purchased a new position in shares of RBC Bearings in the 2nd quarter valued at about $32,000. Ellis Investment Partners LLC purchased a new position in shares of RBC Bearings in the 1st quarter valued at about $62,000. Quadrant Capital Group LLC increased its stake in shares of RBC Bearings by 180.7% in the 1st quarter. Quadrant Capital Group LLC now owns 553 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 356 shares in the last quarter. Pearl River Capital LLC purchased a new position in shares of RBC Bearings in the 1st quarter valued at about $86,000. Finally, Advisory Services Network LLC increased its stake in shares of RBC Bearings by 20.8% in the 1st quarter. Advisory Services Network LLC now owns 697 shares of the industrial products company’s stock valued at $89,000 after purchasing an additional 120 shares in the last quarter. 98.65% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the company. BidaskClub cut RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. ValuEngine raised RBC Bearings from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. SunTrust Banks boosted their price objective on RBC Bearings to $137.00 and gave the company a “hold” rating in a report on Friday, May 24th. Finally, William Blair reissued an “outperform” rating on shares of RBC Bearings in a report on Friday, May 24th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. RBC Bearings presently has a consensus rating of “Hold” and an average price target of $161.33.

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.

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