Dimensional Fund Advisors LP Has $107.22 Million Holdings in RBC Bearings Incorporated (NYSE:RBC)

Dimensional Fund Advisors LP grew its position in RBC Bearings Incorporated (NYSE:RBC - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 358,438 shares of the industrial products company's stock after buying an additional 6,667 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.14% of RBC Bearings worth $107,221,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in RBC. R Squared Ltd acquired a new stake in shares of RBC Bearings in the fourth quarter worth $30,000. Golden State Wealth Management LLC purchased a new stake in shares of RBC Bearings during the fourth quarter worth $38,000. UMB Bank n.a. grew its stake in RBC Bearings by 84.9% in the fourth quarter. UMB Bank n.a. now owns 172 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 79 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of RBC Bearings during the 4th quarter valued at about $82,000. Finally, Venturi Wealth Management LLC increased its holdings in RBC Bearings by 2,405.3% in the fourth quarter. Venturi Wealth Management LLC now owns 476 shares of the industrial products company's stock worth $142,000 after buying an additional 457 shares during the last quarter.

Analyst Upgrades and Downgrades

RBC has been the subject of a number of recent analyst reports. Truist Financial decreased their target price on RBC Bearings from $410.00 to $375.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. KeyCorp upped their price objective on shares of RBC Bearings from $375.00 to $395.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Finally, Morgan Stanley lifted their price objective on RBC Bearings from $360.00 to $390.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $354.20.

RBC Bearings Price Performance

RBC stock traded up $10.47 during trading on Friday, hitting $344.22. The company had a trading volume of 17,117 shares, compared to its average volume of 160,356. The company has a market cap of $10.81 billion, a P/E ratio of 47.28, a P/E/G ratio of 4.42 and a beta of 1.60. The company has a current ratio of 3.43, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average price of $333.00 and a two-hundred day moving average price of $324.70. RBC Bearings Incorporated has a fifty-two week low of $247.30 and a fifty-two week high of $372.83.

Insider Transactions at RBC Bearings

In related news, Director Michael H. Ambrose sold 400 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $362.89, for a total value of $145,156.00. Following the completion of the transaction, the director now owns 6,728 shares in the company, valued at $2,441,523.92. The trade was a 5.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert M. Sullivan sold 8,000 shares of RBC Bearings stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $362.25, for a total value of $2,898,000.00. Following the completion of the sale, the chief financial officer now owns 11,382 shares of the company's stock, valued at approximately $4,123,129.50. The trade was a 41.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,900 shares of company stock valued at $3,963,031. Corporate insiders own 2.60% of the company's stock.

About RBC Bearings

RBC Bearings Incorporated manufactures and markets engineered precision bearings, components, and systems 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.