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RBC Bearings Incorporated (NASDAQ:ROLL - Get Rating) CEO Michael J. Hartnett sold 100 shares of the business's stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $260.00, for a total value of $26,000.00. Following the completion of the transaction, the chief executive officer now owns 294,277 shares in the company, valued at approximately $76,512,020. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. RBC Bearings Stock Performance

ROLL traded up $0.39 during trading on Thursday, reaching $259.05. The company's stock had a trading volume of 95,759 shares, compared to its average volume of 154,312. RBC Bearings Incorporated has a 52-week low of $152.90 and a 52-week high of $264.94. The company's fifty day moving average price is $210.11 and its 200-day moving average price is $191.79. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 125.56, a price-to-earnings-growth ratio of 6.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.13 and a current ratio of 2.77.

RBC Bearings (NASDAQ:ROLL - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The industrial products company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.40 by $0.39. The business had revenue of $354.08 million for the quarter, compared to analyst estimates of $362.13 million. RBC Bearings had a return on equity of 6.08% and a net margin of 6.21%. The company's quarterly revenue was up 126.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.04 EPS. On average, equities analysts forecast that RBC Bearings Incorporated will post 6.56 earnings per share for the current fiscal year. Institutional Investors Weigh In On RBC Bearings

Institutional investors have recently modified their holdings of the company. Bartlett & Co. LLC purchased a new stake in shares of RBC Bearings during the 2nd quarter worth approximately $25,000. Castle Wealth Management LLC purchased a new stake in RBC Bearings in the 2nd quarter valued at approximately $28,000. CWM LLC purchased a new stake in RBC Bearings in the 4th quarter valued at approximately $30,000. Venture Visionary Partners LLC purchased a new stake in RBC Bearings in the 2nd quarter valued at approximately $32,000. Finally, MUFG Americas Holdings Corp lifted its stake in RBC Bearings by 185.7% in the 4th quarter. MUFG Americas Holdings Corp now owns 180 shares of the industrial products company's stock valued at $36,000 after buying an additional 117 shares in the last quarter. Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ROLL shares. Morgan Stanley boosted their price target on RBC Bearings from $263.00 to $285.00 and gave the company an "overweight" rating in a research report on Tuesday, August 9th. StockNews.com upgraded RBC Bearings from a "sell" rating to a "hold" rating in a research report on Friday, May 27th. Citigroup boosted their price target on RBC Bearings from $200.00 to $250.00 in a research report on Tuesday, August 9th. Royal Bank of Canada cut RBC Bearings from a "buy" rating to a "neutral" rating and dropped their price target for the company from $218.00 to $193.00 in a research report on Thursday, June 23rd. They noted that the move was a valuation call. Finally, TheStreet raised RBC Bearings from a "c+" rating to a "b-" rating in a report on Monday, August 1st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $229.71.RBC Bearings Company Profile (Get Rating)

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.Featured ArticlesGet a free copy of the StockNews.com research report on RBC Bearings (ROLL)Starbucks Stock, Is Brand Loyalty Enough Reason to BuyBJ’s Wholesale Club Pops, Will Costco Be Next?Why Blue-Chip Tech Like Cisco Systems Is ReboundingWhy Micron Stock Could Be About To Breakout Which Semiconductor Stocks Are Ready For Big Price Moves?

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