RBC Bearings Incorporated (NASDAQ:ROLL) VP Richard J. Edwards sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $121.54, for a total value of $1,215,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of RBC Bearings Incorporated (NASDAQ:ROLL) opened at $122.55 on Wednesday. The stock has a market capitalization of $2,984.82, a P/E ratio of 36.53, a PEG ratio of 5.78 and a beta of 1.34. The company has a current ratio of 4.68, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26. RBC Bearings Incorporated has a 1 year low of $79.78 and a 1 year high of $135.54.
RBC Bearings (NASDAQ:ROLL) last released its quarterly earnings data on Friday, November 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The firm had revenue of $164.30 million for the quarter, compared to the consensus estimate of $164.56 million. RBC Bearings had a net margin of 11.18% and a return on equity of 11.10%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. analysts predict that RBC Bearings Incorporated will post 3.63 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ROLL. BlackRock Inc. grew its position in RBC Bearings by 90,578.3% in the first quarter. BlackRock Inc. now owns 1,794,523 shares of the industrial products company’s stock valued at $174,231,000 after acquiring an additional 1,792,544 shares during the period. Wasatch Advisors Inc. grew its position in RBC Bearings by 131.3% in the second quarter. Wasatch Advisors Inc. now owns 858,702 shares of the industrial products company’s stock valued at $87,382,000 after acquiring an additional 487,495 shares during the period. Janus Henderson Group PLC grew its position in RBC Bearings by 56.1% in the second quarter. Janus Henderson Group PLC now owns 492,837 shares of the industrial products company’s stock valued at $50,151,000 after acquiring an additional 177,117 shares during the period. Vanguard Group Inc. grew its position in RBC Bearings by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,804,750 shares of the industrial products company’s stock valued at $175,223,000 after acquiring an additional 96,915 shares during the period. Finally, Russell Investments Group Ltd. grew its position in RBC Bearings by 311.9% in the second quarter. Russell Investments Group Ltd. now owns 88,067 shares of the industrial products company’s stock valued at $8,962,000 after acquiring an additional 66,685 shares during the period. Institutional investors and hedge funds own 99.18% of the company’s stock.
A number of analysts have recently issued reports on ROLL shares. BidaskClub cut RBC Bearings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded RBC Bearings from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research report on Thursday, August 10th. Finally, Bank of America Corporation boosted their price objective on RBC Bearings from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th.
RBC Bearings Company Profile
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.
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