An Insider Michael Hartnett Unloaded 27421 shares of RBC Bearings (ROLL); Tecogen Has 1.2 Sentiment

March 14, 2018 - By Dolores Ford

Tecogen Inc. designs, manufactures, and sells industrial and commercial cogeneration systems that produce combinations of electricity, hot water, and air conditioning in the United States, the United Kingdom, Mexico, Ireland, and internationally. The company has market cap of $55.38 million. It offers InVerde 100, InVerde e+, CM-75, and CM-60 cogeneration units that supply electricity and hot water; TECOCHILL branded chillers that provide air-conditioning and hot water; and water heaters under the Ilios brand. It currently has negative earnings. The firm also provides long-term maintenance contracts, parts sales, and turnkey installation services through a network of nine field service centers in California, the Midwest, and the Northeast.

In a document which was filled with the U.S. Security and Exchange Commission, it was exposed that the President and CEO of Rbc Bearings Inc Michael Hartnett, an insider in question, made sold with a broker for 27,421 shares of the ‘s company, worth approx. $3,511,461 U.S Dollars using an average price-per-share of $128.1 U.S Dollars. Currently, Mr. Michael, has 524,116 shares, which accounts for 2.22% of the company’s market cap. The insider’s activity definitely generated quite an interest in the stock community.

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. The company has market cap of $2.99 billion. It operates in four divisions: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. It has a 37.41 P/E ratio. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.

Analysts await RBC Bearings Incorporated (NASDAQ:ROLL) to report earnings on May, 30. They expect $1.13 EPS, up 25.56% or $0.23 from last year’s $0.9 per share. ROLL’s profit will be $26.68M for 28.04 P/E if the $1.13 EPS becomes a reality. After $1.05 actual EPS reported by RBC Bearings Incorporated for the previous quarter, Wall Street now forecasts 7.62% EPS growth.

The stock increased 0.35% or $0.44 during the last trading session, reaching $126.75. About 62,200 shares traded. RBC Bearings Incorporated (NASDAQ:ROLL) has risen 38.75% since March 14, 2017 and is uptrending. It has outperformed by 22.05% the S&P500.

Among 9 analysts covering RBC Bearings (NASDAQ:ROLL), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. RBC Bearings has $142 highest and $69 lowest target. $107.33’s average target is -15.32% below currents $126.75 stock price. RBC Bearings had 11 analyst reports since September 22, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, September 22 by TheStreet. Global Hunter Securities upgraded RBC Bearings Incorporated (NASDAQ:ROLL) on Monday, September 28 to “Buy” rating. KeyBanc Capital Markets downgraded RBC Bearings Incorporated (NASDAQ:ROLL) on Tuesday, August 9 to “Sector Weight” rating. On Wednesday, November 8 the stock rating was maintained by Bank of America with “Buy”. Avondale maintained the shares of ROLL in report on Monday, March 21 with “Market Outperform” rating. The stock has “Accumulate” rating by Seaport Global Securities on Friday, November 6. The rating was downgraded by Seaport Global Securities to “Neutral” on Friday, October 14. The rating was initiated by C.L. King on Wednesday, November 29 with “Buy”. The firm earned “Hold” rating on Friday, September 15 by KeyBanc Capital Markets.

Investors sentiment decreased to 1.58 in Q3 2017. Its down 0.42, from 2 in 2017Q2. It turned negative, as 13 investors sold RBC Bearings Incorporated shares while 34 reduced holdings. 30 funds opened positions while 64 raised stakes. 23.19 million shares or 2.43% less from 23.77 million shares in 2017Q2 were reported. Eulav Asset Mngmt stated it has 52,500 shares or 0.31% of all its holdings. State Street holds 0% or 450,539 shares in its portfolio. The Washington-based Parametric Portfolio Assocs has invested 0.01% in RBC Bearings Incorporated (NASDAQ:ROLL). Bokf Na stated it has 7,226 shares. Advisory Ntwk Ltd Liability Co, a Georgia-based fund reported 87 shares. Bb&T Limited has 0.02% invested in RBC Bearings Incorporated (NASDAQ:ROLL). Spectrum Gp holds 0% or 3 shares. First Tru Advsr Ltd Partnership has 0.02% invested in RBC Bearings Incorporated (NASDAQ:ROLL) for 58,249 shares. Rafferty Asset Mgmt Limited Liability, New York-based fund reported 2,966 shares. Timessquare Management Lc holds 0.24% of its portfolio in RBC Bearings Incorporated (NASDAQ:ROLL) for 288,078 shares. Gofen & Glossberg Lc Il reported 0.02% of its portfolio in RBC Bearings Incorporated (NASDAQ:ROLL). Davis R M owns 0.22% invested in RBC Bearings Incorporated (NASDAQ:ROLL) for 41,930 shares. Blair William & Il holds 0.01% of its portfolio in RBC Bearings Incorporated (NASDAQ:ROLL) for 7,693 shares. Hsbc Public Ltd holds 9,462 shares. Fdx Advsr reported 6,610 shares or 0.02% of all its holdings.

Since February 14, 2018, it had 0 insider purchases, and 3 insider sales for $1.19 million activity. $563,890 worth of stock was sold by Faghri Amir on Friday, March 9. On Thursday, March 8 the insider Bannon Patrick S. sold $55,428. LEVINE ALAN B also sold $566,930 worth of RBC Bearings Incorporated (NASDAQ:ROLL) on Wednesday, February 14.

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