Posted by admin on Aug 19th, 2022
RBC Bearings Incorporated (NASDAQ:ROLLP – Get Rating) COO Daniel A. Bergeron sold 21,165 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $259.60, for a total value of $5,494,434.00. Following the sale, the chief operating officer now owns 103,718 shares of the company’s stock, valued at approximately $26,925,192.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
NASDAQ ROLLP opened at $124.98 on Friday. RBC Bearings Incorporated has a twelve month low of $81.01 and a twelve month high of $127.19. The business’s 50-day simple moving average is $106.12.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $5.00 annualized dividend and a dividend yield of 4.00%.
Large investors have recently made changes to their positions in the business. Wolverine Asset Management LLC raised its holdings in RBC Bearings by 32.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 408,956 shares of the company’s stock valued at $38,974,000 after acquiring an additional 99,244 shares in the last quarter. BlackRock Inc. acquired a new position in RBC Bearings in the 1st quarter valued at approximately $36,677,000. Allianz Asset Management GmbH acquired a new position in RBC Bearings in the 1st quarter valued at approximately $24,332,000. Aequim Alternative Investments LP acquired a new position in RBC Bearings in the 1st quarter valued at approximately $19,944,000. Finally, FMR LLC raised its holdings in RBC Bearings by 23.4% in the 2nd quarter. FMR LLC now owns 177,600 shares of the company’s stock valued at $16,906,000 after acquiring an additional 33,700 shares in the last quarter.
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.
Receive News & Ratings for RBC Bearings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings and related companies with MarketBeat.com's FREE daily email newsletter.
BBGI Global Infrastructure (LON:BBGI) Stock Price Crosses Above 50-Day Moving Average of $167.96
Daniel A. Bergeron Sells 21,165 Shares of RBC Bearings Incorporated (NASDAQ:ROLL) Stock