Rbc Bearings Inc (ROLL): Michael J Hartnett , President and CEO of Rbc Bearings Inc sold 43,270 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $75.60 per share for a total value of $3,276,122.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 10, 2016, Thomas M Burigo (Corporate Controller) sold 10,000 shares at $75.85 per share price.On Jun 7, 2016, Thomas C Crainer (VP and General Manager) sold 25,000 shares at $75.50 per share price.Also, On Jun 7, 2016, Michael J Hartnett (President and CEO) sold 56,730 shares at $75.52 per share price.On Jun 7, 2016, Thomas J Williams (General Counsel and Secretary) sold 28,328 shares at $75.22 per share price.
Shares of RBC Bearings Incorporated (ROLL) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.37 points or -0.49% at $75.5 with 86,332 shares getting traded. Post opening the session at $75.46, the shares hit an intraday low of $75.1 and an intraday high of $75.81 and the price vacillated in this range throughout the day. The company has a market cap of $1,777 M and the number of outstanding shares has been calculated to be 2,35,41,972 shares. The 52-week high of RBC Bearings Incorporated is $79.75 and the 52-week low is $54.38.
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision components and bearings. The Company manufactures roller bearing components and assembled parts and designs and manufactures high-precision roller and ball bearings. The Company operates in four business segments: plain bearings roller bearings ball bearings and Other. The Company’s plain bearings segment consists of several sub-classes including rod end bearings spherical plain bearings and journal bearings. The Company’s roller bearings segment manufactures four types of roller bearings: heavy duty needle roller bearings with inner rings tapered roller bearings track rollers and aircraft roller bearings. The Company’s ball bearings segment manufactures four types of ball bearings: high precision aerospace airframe control thin section and commercial ball bearings. The Company’s Other segment consists primarily of precision mechanical components and machine tool collets.