RBC Bearings Included (NASDAQ:ROLL) VP Patrick S. Bannon bought 12,000 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, June 2nd. The inventory was bought at a median value of $196.91, for a complete worth of $2,362,920.00. The sale was disclosed in a submitting with the Securities & Change Fee, which is on the market via this link.
NASDAQ ROLL traded up $0.64 throughout mid-day buying and selling on Friday, reaching $199.80. The inventory had a buying and selling quantity of 55,189 shares, in comparison with its common quantity of 99,024. RBC Bearings Included has a 1 yr low of $113.40 and a 1 yr excessive of $208.11. The agency has a market cap of $5.04 billion, a PE ratio of 55.81 and a beta of 1.37. The enterprise’s fifty day shifting common value is $196.53. The corporate has a present ratio of 8.25, a fast ratio of three.62 and a debt-to-equity ratio of 0.01.
RBC Bearings (NASDAQ:ROLL) final introduced its quarterly earnings knowledge on Thursday, Might twentieth. The commercial merchandise firm reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. RBC Bearings had a internet margin of 14.72% and a return on fairness of 8.08%. The corporate had income of $160.30 million through the quarter, in comparison with analyst estimates of $158.97 million. Throughout the identical interval within the earlier yr, the enterprise earned $1.33 EPS. The agency’s income for the quarter was down 13.7% on a year-over-year foundation. On common, analysis analysts anticipate that RBC Bearings Included will submit 4.48 earnings per share for the present yr.
Individually, Royal Financial institution of Canada reissued a “promote” ranking on shares of RBC Bearings in a analysis report on Tuesday, February ninth. Two equities analysis analysts have rated the inventory with a promote ranking, one has given a maintain ranking and three have assigned a purchase ranking to the corporate. The inventory has a consensus ranking of “Maintain” and a consensus goal value of $139.67.
Quite a lot of hedge funds and different institutional traders have not too long ago made adjustments to their positions within the inventory. Cresset Asset Administration LLC raised its holdings in RBC Bearings by 3.5% within the 1st quarter. Cresset Asset Administration LLC now owns 1,708 shares of the commercial merchandise firm’s inventory price $336,000 after buying a further 58 shares over the last quarter. Fifth Third Bancorp raised its stake in RBC Bearings by 26.6% through the 1st quarter. Fifth Third Bancorp now owns 385 shares of the commercial merchandise firm’s inventory valued at $76,000 after shopping for a further 81 shares over the last quarter. Nisa Funding Advisors LLC raised its stake in RBC Bearings by 11.8% through the 4th quarter. Nisa Funding Advisors LLC now owns 900 shares of the commercial merchandise firm’s inventory valued at $161,000 after shopping for a further 95 shares over the last quarter. Commerce Financial institution raised its stake in RBC Bearings by 1.6% through the 1st quarter. Commerce Financial institution now owns 6,249 shares of the commercial merchandise firm’s inventory valued at $1,230,000 after shopping for a further 101 shares over the last quarter. Lastly, Man Group plc raised its stake in RBC Bearings by 2.7% through the 1st quarter. Man Group plc now owns 3,881 shares of the commercial merchandise firm’s inventory valued at $763,000 after shopping for a further 101 shares over the last quarter. Institutional traders personal 99.24% of the corporate’s inventory.
About RBC Bearings
RBC Bearings Included manufactures and markets engineered precision bearings and parts in North America, Europe, Asia, and Latin America. It operates via 4 segments: Plain Bearings, Curler Bearings, Ball Bearings, and Engineered Merchandise. The Plain Bearings phase produces plain bearings with self-lubricating or metal-to-metal designs, together with rod finish bearings, spherical plain bearings, and journal bearings which can be primarily used to rectify inevitable misalignments in varied mechanical parts, similar to plane controls, helicopter rotors, or in heavy mining and building tools.
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