RBC Bearings Incorporated (NASDAQ:ROLL) CEO Michael J. Hartnett sold 3,203 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $128.35, for a total transaction of $411,105.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 

Michael J. Hartnett also recently made the following trade(s): 

•On Friday, March 9th, Michael J. Hartnett sold 24,218 shares of RBC Bearings stock. The shares were sold at an average price of $128.02, for a total transaction of $3,100,388.36. 
•On Monday, March 12th, Michael J. Hartnett sold 27,421 shares of RBC Bearings stock. The shares were sold at an average price of $128.06, for a total transaction of $3,511,533.26. 
•On Friday, December 29th, Michael J. Hartnett sold 500 shares of RBC Bearings stock. The shares were sold at an average price of $128.00, for a total transaction of $64,000.00. 
RBC Bearings Incorporated (ROLL) opened at $125.83 on Thursday. RBC Bearings Incorporated has a 52-week low of $89.87 and a 52-week high of $139.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.65 and a current ratio of 4.65. The company has a market cap of $3,078.69, a P/E ratio of 37.23, a P/E/G ratio of 5.52 and a beta of 1.29. 


RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.86 by $0.19. RBC Bearings had a net margin of 12.52% and a return on equity of 11.79%. The firm had revenue of $166.86 million during the quarter, compared to analyst estimates of $163.46 million. During the same quarter in the prior year, the business posted $0.73 earnings per share. RBC Bearings’s revenue for the quarter was up 13.8% compared to the same quarter last year. equities research analysts expect that RBC Bearings Incorporated will post 3.91 EPS for the current fiscal year. 

Hedge funds have recently modified their holdings of the stock. Wasatch Advisors Inc. increased its position in RBC Bearings by 15.9% during the third quarter. Wasatch Advisors Inc. now owns 995,306 shares of the industrial products company’s stock worth $124,563,000 after purchasing an additional 136,604 shares during the last quarter. Cortina Asset Management LLC purchased a new stake in RBC Bearings during the fourth quarter worth approximately $9,120,000. Great West Life Assurance Co. Can grew its stake in RBC Bearings by 44.7% during the third quarter. Great West Life Assurance Co. Can now owns 3,002 shares of the industrial products company’s stock worth $373,000 after buying an additional 928 shares during the period. Teacher Retirement System of Texas grew its stake in RBC Bearings by 314.6% during the fourth quarter. Teacher Retirement System of Texas now owns 8,317 shares of the industrial products company’s stock worth $1,051,000 after buying an additional 6,311 shares during the period. Finally, Davis R M Inc. grew its stake in RBC Bearings by 46.8% during the fourth quarter. Davis R M Inc. now owns 61,549 shares of the industrial products company’s stock worth $7,780,000 after buying an additional 19,619 shares during the period. 99.59% of the stock is owned by hedge funds and other institutional investors. 

A number of research firms have recently weighed in on ROLL. BidaskClub raised shares of RBC Bearings from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research raised shares of RBC Bearings from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research report on Friday, February 2nd. ValuEngine lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. CL King began coverage on shares of RBC Bearings in a research report on Wednesday, November 29th. They set a “buy” rating and a $142.00 price target for the company. Finally, Drexel Hamilton began coverage on shares of RBC Bearings in a research report on Thursday, December 21st. They set a “buy” rating and a $140.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $141.00.