RBC Bearings Incorporated (NASDAQ:ROLL) VP Richard J. Edwards sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $158.08, for a total value of $2,529,280.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Richard J. Edwards also recently made the following trade(s):

  • On Monday, August 19th, Richard J. Edwards sold 3,711 shares of RBC Bearings stock. The stock was sold at an average price of $160.61, for a total value of $596,023.71.

Shares of RBC Bearings stock traded down $0.33 on Thursday, reaching $157.43. 520 shares of the company were exchanged, compared to its average volume of 81,424. RBC Bearings Incorporated has a one year low of $123.50 and a one year high of $171.54. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 5.09 and a beta of 1.26. The company has a current ratio of 5.15, a quick ratio of 1.72 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $162.10 and a 200 day moving average of $145.30.

RBC Bearings (NASDAQ:ROLL) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. RBC Bearings had a return on equity of 12.82% and a net margin of 15.26%. The company had revenue of $182.69 million for the quarter, compared to analysts’ expectations of $183.13 million. During the same quarter in the prior year, the business posted $1.15 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. Analysts predict that RBC Bearings Incorporated will post 5.3 earnings per share for the current year.

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

Hedge funds have recently bought and sold shares of the business. Marshall Wace LLP bought a new position in RBC Bearings during the 1st quarter worth $714,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of RBC Bearings by 1.5% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,386,323 shares of the industrial products company’s stock worth $303,469,000 after purchasing an additional 34,322 shares in the last quarter. Raymond James & Associates grew its holdings in shares of RBC Bearings by 21.0% during the 1st quarter. Raymond James & Associates now owns 103,005 shares of the industrial products company’s stock worth $13,099,000 after purchasing an additional 17,873 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in shares of RBC Bearings by 13.1% during the 1st quarter. Eagle Asset Management Inc. now owns 63,347 shares of the industrial products company’s stock worth $8,055,000 after purchasing an additional 7,332 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in shares of RBC Bearings by 91.1% during the 1st quarter. TimesSquare Capital Management LLC now owns 271,524 shares of the industrial products company’s stock worth $34,530,000 after purchasing an additional 129,420 shares in the last quarter. Hedge funds and other institutional investors own 98.65% 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.

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

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