RBC Bearings Incorporated $RBC Shares Bought by Advisors Capital Management LLC

Key Points

• Advisors Capital Management LLC increased its stake in RBC Bearings by 5.4% during the first quarter, acquiring an additional 1,497 shares, bringing its total holdings to 29,391 shares valued at approximately $9.46 million.
• Company insiders, including Director Michael H. Ambrose and COO Daniel A. Bergeron, sold significant portions of their shares, with Bergeron's transaction totaling over $19.6 million, reflecting decreases in their ownership positions.
• RBC Bearings reported an EPS of $2.84 for the most recent quarter, exceeding analysts' expectations, and its stock has seen price target upgrades from various analysts, indicating a positive outlook for the company.

Advisors Capital Management LLC raised its stake in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 5.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,391 shares of the industrial products company's stock after buying an additional 1,497 shares during the quarter. Advisors Capital Management LLC owned about 0.09% of RBC Bearings worth $9,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in RBC. NBC Securities Inc. purchased a new position in shares of RBC Bearings in the first quarter valued at $25,000. Advisors Asset Management Inc. purchased a new position in RBC Bearings in the first quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in RBC Bearings by 109.3% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 113 shares of the industrial products company's stock worth $36,000 after buying an additional 59 shares during the period. Golden State Wealth Management LLC boosted its position in shares of RBC Bearings by 107.1% during the first quarter. Golden State Wealth Management LLC now owns 263 shares of the industrial products company's stock valued at $85,000 after buying an additional 136 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of RBC Bearings by 80.8% during the first quarter. UMB Bank n.a. now owns 311 shares of the industrial products company's stock valued at $100,000 after buying an additional 139 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RBC. Deutsche Bank Aktiengesellschaft began coverage on shares of RBC Bearings in a report on Wednesday, July 16th. They set a "buy" rating and a $480.00 price objective for the company. The Goldman Sachs Group lifted their price objective on shares of RBC Bearings from $375.00 to $416.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. KeyCorp lifted their target price on RBC Bearings from $405.00 to $450.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Morgan Stanley reaffirmed an "overweight" rating and set a $415.00 target price (up from $390.00) on shares of RBC Bearings in a research report on Tuesday, May 20th. Finally, Zacks Research upgraded shares of RBC Bearings from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $425.17.

Insider Activity

In other news, COO Daniel A. Bergeron sold 48,743 shares of RBC Bearings stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $402.75, for a total value of $19,631,243.25. Following the sale, the chief operating officer directly owned 111,134 shares of the company's stock, valued at $44,759,218.50. The trade was a 30.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is currently owned by company insiders.

RBC Bearings Stock Performance

Shares of NYSE:RBC traded up $4.11 during midday trading on Wednesday, reaching $382.84. The company's stock had a trading volume of 64,071 shares, compared to its average volume of 166,540. The firm has a market capitalization of $12.08 billion, a PE ratio of 48.17, a P/E/G ratio of 2.96 and a beta of 1.73. RBC Bearings Incorporated has a twelve month low of $272.50 and a twelve month high of $416.33. The stock has a fifty day moving average of $391.03 and a 200 day moving average of $365.02. The company has a quick ratio of 1.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29.

RBC Bearings (NYSE:RBC - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.74 by $0.10. RBC Bearings had a return on equity of 10.14% and a net margin of 15.20%.The company had revenue of $436.00 million for the quarter, compared to analyst estimates of $432.63 million. During the same period last year, the company earned $2.54 earnings per share. RBC Bearings's quarterly revenue was up 7.3% compared to the same quarter last year. RBC Bearings has set its Q2 2026 guidance at EPS. On average, equities analysts expect that RBC Bearings Incorporated will post 9.16 EPS for the current fiscal year.

RBC Bearings Company Profile

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.