Advisors Capital Management LLC Acquires 1,497 Shares of RBC Bearings Incorporated $RBC

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

Several other institutional investors and hedge funds have also recently modified their holdings of RBC. NBC Securities Inc. bought a new stake in shares of RBC Bearings during the 1st quarter valued at $25,000. Advisors Asset Management Inc. bought a new stake in shares of RBC Bearings during the 1st quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of RBC Bearings by 109.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 113 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 59 shares during the period. Golden State Wealth Management LLC raised its position in shares of RBC Bearings by 107.1% during the 1st quarter. Golden State Wealth Management LLC now owns 263 shares of the industrial products company's stock valued at $85,000 after purchasing an additional 136 shares during the period. Finally, UMB Bank n.a. raised its position in shares of RBC Bearings by 80.8% during the 1st quarter. UMB Bank n.a. now owns 311 shares of the industrial products company's stock valued at $100,000 after purchasing an additional 139 shares during the period.

Insiders Place Their Bets

In other RBC Bearings news, Director Michael H. Ambrose sold 595 shares of RBC Bearings stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $367.32, for a total value of $218,555.40. Following the completion of the transaction, the director directly owned 6,985 shares of the company's stock, valued at $2,565,730.20. This trade represents a 7.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Daniel A. Bergeron sold 48,743 shares of RBC Bearings stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $402.75, for a total transaction of $19,631,243.25. Following the completion of the transaction, 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 disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

RBC Bearings Stock Performance

Shares of NYSE:RBC opened at $384.73 on Friday. RBC Bearings Incorporated has a 52 week low of $272.50 and a 52 week high of $416.33. The stock has a market capitalization of $12.14 billion, a P/E ratio of 48.45, a PEG ratio of 2.93 and a beta of 1.73. The firm has a fifty day simple moving average of $391.45 and a two-hundred day simple moving average of $364.54. 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, topping analysts' consensus estimates of $2.74 by $0.10. RBC Bearings had a net margin of 15.20% and a return on equity of 10.14%. The business had revenue of $436.00 million during the quarter, compared to analysts' expectations of $432.63 million. During the same period last year, the company posted $2.54 EPS. The business's revenue was up 7.3% on a year-over-year basis. RBC Bearings has set its Q2 2026 guidance at EPS. On average, analysts expect that RBC Bearings Incorporated will post 9.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Truist Financial raised their price objective on shares of RBC Bearings from $431.00 to $455.00 and gave the company a "buy" rating in a research report on Monday, August 4th. KeyCorp raised their price objective on shares of RBC Bearings from $405.00 to $450.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. The Goldman Sachs Group lifted their price target 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of RBC Bearings in a report on Wednesday, July 16th. They issued a "buy" rating and a $480.00 price target on the stock. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $415.00 price target (up from $390.00) on shares of RBC Bearings in a report on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $425.17.

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.

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