Have Insiders Sold RBC Bearings Shares Recently?

Some RBC Bearings Incorporated (NYSE:RBC) shareholders may be a little concerned to see that the Chairman, Michael Hartnett, recently sold a substantial US$1.1m worth of stock at a price of US$368 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 0.9%.

See our latest analysis for RBC Bearings

The Last 12 Months Of Insider Transactions At RBC Bearings

In fact, the recent sale by Michael Hartnett was the biggest sale of RBC Bearings shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$365. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In the last year RBC Bearings insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Insider Ownership Of RBC Bearings

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that RBC Bearings insiders own 1.7% of the company, worth about US$194m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The RBC Bearings Insider Transactions Indicate?

Insiders sold RBC Bearings shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. On the plus side, RBC Bearings makes money, and is growing profits. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing RBC Bearings. At Simply Wall St, we found 1 warning sign for RBC Bearings that deserve your attention before buying any shares.

But note: RBC Bearings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.