Yesterday, the V.P. and General Manager of RBC Bearings Inc (NASDAQ: ROLL), Richard J. Edwards, sold shares of ROLL for $766.8K.
Following Richard J. Edwards’ last ROLL Sell transaction on November 18, 2016, the stock climbed by 15.0%. In addition to Richard J. Edwards, 7 other ROLL executives reported Sell trades in the last month.
Based on RBC Bearings Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $147 million and quarterly net profit of $12.77 million. In comparison, last year the company earned revenue of $144 million and had a net profit of $17.05 million. The company has a one year high of $97.51 and a one year low of $63.50. ROLL’s market cap is $2.26B and the company has a P/E ratio of 33.03.
The insider sentiment on RBC Bearings Inc has been negative according to 57 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Richard J. Edwards’ trades have generated a -18.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
RBC Bearings, Inc. manufactures and markets bearings and components, which are integral to the manufacture and operation of most machines and mechanical systems, reduce wear to moving parts, facilitate proper power transmission and reduce damage and energy loss caused by friction. It operates through the following segments: Plain Bearings, Roller Bearings, Ball Bearings and Engineered Products. The Plain Bearings segment products are produced with either self-lubricating or metal-to-metal designs and consists of several sub-classes, including rod end bearings, spherical plain bearings and journal bearings. Its products are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment. The Roller Bearings segment products are anti-friction bearings that use rollers instead of balls. This segment offers tapered roller bearings, needle roller bearings and needle bearing track rollers and cam followers. The Ball Bearings segment consists of precision aerospace bearings, which are primarily sold to customers in the defense industry that require technically sophisticated bearing products, such as missile guidance systems; airframe control ball bearings, which are precision ball bearings that are plated to resist corrosion and are qualified under a military specification; thin section ball bearings, which are specialized bearings that use extremely thin cross sections and also produces a general line of industrial ball bearings sold primarily to the aftermarket. The Engineered Products segment consists of engineered hydraulics and valves, fasteners, precision mechanical components and machine tool collets. The company was founded in 1919 and is headquartered in Oxford, CT.
The post The V.P. and General Manager of RBC Bearings Inc (NASDAQ: ROLL) is Selling Shares appeared first on Analyst Ratings.