A Director at RBC Bearings is Exercising Options

By Carrie Williams

Yesterday it was reported that a Director at RBC Bearings (ROLLResearch Report), Edward Stewart, exercised options to buy 2,500 ROLL shares at $51.08 a share, for a total transaction value of $127.7K.

Following this transaction Edward Stewart’s holding in the company was increased by 12.14% to a total of $2.54 million.

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Based on RBC Bearings’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $177 million and quarterly net profit of $30.52 million. In comparison, last year the company earned revenue of $171 million and had a net profit of $16.18 million. The company has a one-year high of $185.06 and a one-year low of $77.63. ROLL’s market cap is $2.75 billion and the company has a P/E ratio of 22.10.

The insider sentiment on RBC Bearings has been negative according to 52 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. engages in the design, manufacture, and marketing of engineered precision bearings and products. It operates through the following segments: Plain Bearings, Roller Bearings, Ball Bearings and Engineered Products. The Plain Bearings segment produces self-lubricating, metal-to-metal designs and other sub-classes, including rod end bearings, spherical plain bearings, and journal bearings. The Roller Bearings segment manufactures anti-friction products that utilize cylindrical rolling elements. The Ball Bearings segment offers high precision aerospace, airframe control, and thin section and industrial ball bearings. The Engineered Products segment consists engineered hydraulics and valves, fasteners, precision mechanical components, and machine tool collets used in aircraft and submarine applications, as well as aerospace and defense aftermarket services. The company was founded in 1919 and is headquartered in Oxford, CT.