RBC Bearings Incorporated (ROLL) CFO Sells 20,000 Shares of Stock
RBC Bearings Incorporated (NASDAQ:ROLL) CFO Daniel A. Bergeron sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $124.03, for a total transaction of $2,480,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
RBC Bearings stock opened at $125.02 on Monday. RBC Bearings Incorporated has a 12-month low of $89.92 and a 12-month high of $139.95. The stock has a market cap of $3,036.61, a P/E ratio of 36.99, a PEG ratio of 5.45 and a beta of 1.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.65 and a current ratio of 4.65.
RBC Bearings (NASDAQ:ROLL) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.19. The company had revenue of $166.86 million for the quarter, compared to analyst estimates of $163.46 million. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. RBC Bearings’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 earnings per share. research analysts anticipate that RBC Bearings Incorporated will post 3.91 EPS for the current fiscal year.
ROLL has been the topic of a number of research reports. BidaskClub upgraded shares of RBC Bearings from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Zacks Investment Research lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. CL King initiated coverage on shares of RBC Bearings in a research report on Wednesday, November 29th. They set a “buy” rating and a $142.00 target price on the stock. ValuEngine lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Drexel Hamilton initiated coverage on shares of RBC Bearings in a research report on Thursday, December 21st. They set a “buy” rating and a $140.00 target price on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. RBC Bearings presently has a consensus rating of “Buy” and an average price target of $141.00.
Several institutional investors and hedge funds have recently bought and sold shares of ROLL. Wasatch Advisors Inc. raised its stake in shares of RBC Bearings by 20.4% during the fourth quarter. Wasatch Advisors Inc. now owns 1,198,672 shares of the industrial products company’s stock worth $151,512,000 after buying an additional 203,366 shares during the last quarter. BlackRock Inc. raised its stake in shares of RBC Bearings by 3.8% during the fourth quarter. BlackRock Inc. now owns 2,066,687 shares of the industrial products company’s stock worth $261,229,000 after buying an additional 76,161 shares during the last quarter. Port Capital LLC bought a new stake in shares of RBC Bearings during the fourth quarter worth approximately $9,544,000.
Cortina Asset Management LLC bought a new stake in shares of RBC Bearings during the fourth quarter worth approximately $9,120,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of RBC Bearings by 22.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 352,148 shares of the industrial products company’s stock worth $44,511,000 after buying an additional 64,511 shares during the last quarter. 99.59% of the stock is owned by institutional investors and hedge funds.
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