Today it was reported that the V.P. and General Manager of RBC Bearings Inc (NASDAQ: ROLL), Richard J. Edwards, exercised options to sell 20,130 ROLL shares at $74.65 a share, for a total transaction value of $2.8M.
Following Richard J. Edwards’ last ROLL Sell transaction on November 13, 2017, the stock climbed by 16.7%. In addition to Richard J. Edwards, 4 other ROLL executives reported Sell trades in the last month.
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Based on RBC Bearings Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $176 million and quarterly net profit of $27.47 million. In comparison, last year the company earned revenue of $164 million and had a net profit of $21.81 million. ROLL’s market cap is $3.39B and the company has a P/E ratio of 36.88. Currently, RBC Bearings Inc has an average volume of 134K.
The insider sentiment on RBC Bearings Inc has been negative according to 56 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 -19.1% 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 firm operates its business through the following segments: Plain Bearings, Roller Bearings, Ball Bearings and Engineered Products.
