The President & CEO of RBC Bearings Inc is Exercising Options

By Carrie Williams

Today, the President & CEO of RBC Bearings Inc, Michael J. Hartnett, exercised options of RBC Bearings Inc for $450.8K.

In addition to Michael J. Hartnett, 2 other ROLL executives reported Sell trades in the last month.

Based on RBC Bearings Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $164 million and quarterly net profit of $14.82 million. In comparison, last year the company earned revenue of $154 million and had a net profit of $18.23 million. The company has a one-year high of $139.95 and a one-year low of $85.45. ROLL’s market cap is $3.09B and the company has a P/E ratio of 43.25.

The insider sentiment on RBC Bearings Inc has been negative according to 49 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Michael J. Hartnett’s trades have generated a -14.3% 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.

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RBC Bearings, Inc. designs, manufactures and markets precision bearings and components for the industrial, defense and aerospace industries. The company operates its business through the following segments: Plain Bearings, Roller Bearings, Ball Bearings and Engineered Products.