What Did This CEO Just Do with Personal Shares of RBC Bearings Inc (NASDAQ: ROLL)?

By Carrie Williams

Today, the President & CEO of RBC Bearings Inc (NASDAQ: ROLL), Michael J. Hartnett, sold shares of ROLL for $2.97M.

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Based on RBC Bearings Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $180 million and quarterly net profit of $26.68 million. In comparison, last year the company earned revenue of $160 million and had a net profit of $21.59 million. ROLL’s market cap is $3.12B and the company has a P/E ratio of 36.22. Currently, RBC Bearings Inc has an average volume of 71.7K.

The insider sentiment on RBC Bearings Inc has been negative according to 60 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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