RBC Bearings Incorporated (NASDAQ:ROLL) CFO Daniel A. Bergeron sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $157.74, for a total transaction of $3,154,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Daniel A. Bergeron also recently made the following trade(s):
- On Monday, August 19th, Daniel A. Bergeron sold 5,000 shares of RBC Bearings stock. The shares were sold at an average price of $158.96, for a total transaction of $794,800.00.
Shares of RBC Bearings stock traded up $0.11 during trading on Wednesday, reaching $157.76. The company’s stock had a trading volume of 71,800 shares, compared to its average volume of 106,064. RBC Bearings Incorporated has a 52-week low of $123.50 and a 52-week high of $171.54. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 5.14 and a beta of 1.26. The firm’s 50-day moving average is $162.25 and its two-hundred day moving average is $145.20. 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 (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, beating the Zacks’ consensus estimate of $1.19 by $0.04. RBC Bearings had a net margin of 15.26% and a return on equity of 12.82%. The company had revenue of $182.69 million during the quarter, compared to analysts’ expectations of $183.13 million. During the same quarter in the prior year, the company earned $1.15 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. On average, equities research analysts anticipate that RBC Bearings Incorporated will post 5.3 EPS for the current year.
A number of equities analysts have commented on the stock. William Blair reissued an “outperform” rating on shares of RBC Bearings in a research note on Friday, May 24th. BidaskClub cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. ValuEngine raised shares of RBC Bearings from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Finally, SunTrust Banks boosted their price target on shares of RBC Bearings to $137.00 and gave the stock a “hold” rating in a research note on Friday, May 24th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $161.33.
Several institutional investors have recently made changes to their positions in ROLL. YorkBridge Wealth Partners LLC grew its position in RBC Bearings by 9.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 914 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 76 shares during the last quarter. Bridge City Capital LLC boosted its stake in RBC Bearings by 0.5% during the second quarter. Bridge City Capital LLC now owns 19,132 shares of the industrial products company’s stock worth $3,191,000 after buying an additional 94 shares during the period. MML Investors Services LLC boosted its stake in RBC Bearings by 3.5% during the second quarter. MML Investors Services LLC now owns 3,384 shares of the industrial products company’s stock worth $564,000 after buying an additional 116 shares during the period. Advisory Services Network LLC boosted its stake in shares of RBC Bearings by 20.8% during the first 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 during the period. Finally, Jennison Associates LLC boosted its stake in shares of RBC Bearings by 1.0% during the second quarter. Jennison Associates LLC now owns 13,652 shares of the industrial products company’s stock valued at $2,277,000 after purchasing an additional 129 shares during the period. 98.65% of the stock is owned by institutional investors.
RBC Bearings Company Profile
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.
Further Reading: What is the 52-week high/low?
Receive News & Ratings for RBC Bearings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings and related companies with MarketBeat.com's FREE daily email newsletter.