Axiom Investors LLC DE Has $12.93 Million Holdings in RBC Bearings Incorporated $RBC

Key Points

• Axiom Investors LLC reduced its stake in RBC Bearings by 4.4% during the first quarter, now holding approximately $12.93 million across 40,177 shares.
• CEO Michael J. Hartnett sold 9,000 shares for about $3.34 million, resulting in a 2.89% drop in his ownership, while insider transactions over the quarter totaled over $25 million.
• RBC Bearings reported a quarterly EPS of $2.84, surpassing estimates, and has recently received positive ratings from multiple research firms, with a consensus price target increased to $425.17.

Axiom Investors LLC DE cut its holdings in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,177 shares of the industrial products company's stock after selling 1,863 shares during the quarter. Axiom Investors LLC DE owned about 0.13% of RBC Bearings worth $12,928,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. NBC Securities Inc. acquired a new position in shares of RBC Bearings during the first quarter worth approximately $25,000. Advisors Asset Management Inc. bought a new stake in shares of RBC Bearings during the first quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of 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 valued at $36,000 after purchasing an additional 59 shares during the period. Golden State Wealth Management LLC increased 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 purchasing an additional 136 shares during the period. Finally, UMB Bank n.a. increased 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 purchasing an additional 139 shares during the period.

Insider Transactions at RBC Bearings

In other news, CEO Michael J. Hartnett sold 9,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $371.37, for a total transaction of $3,342,330.00. Following the sale, the chief executive officer owned 302,853 shares in the company, valued at approximately $112,470,518.61. This represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael H. Ambrose sold 595 shares of the company's 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 transaction, the director directly owned 6,985 shares in the company, valued at $2,565,730.20. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,591 shares of company stock worth $25,163,990. Insiders own 1.90% of the company's stock.

RBC Bearings Price Performance

Shares of RBC stock opened at $387.10 on Monday. The stock's fifty day moving average is $391.84 and its 200-day moving average is $364.02. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.33 and a current ratio of 3.33. The stock has a market capitalization of $12.22 billion, a PE ratio of 48.75, a PEG ratio of 3.00 and a beta of 1.73. RBC Bearings Incorporated has a 52 week low of $272.50 and a 52 week high of $416.33.

RBC Bearings (NYSE:RBC - Get Free Report) last announced its earnings results on Friday, August 1st. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.74 by $0.10. The company had revenue of $436.00 million for the quarter, compared to analysts' expectations of $432.63 million. RBC Bearings had a return on equity of 10.14% and a net margin of 15.20%.The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.54 earnings per share. RBC Bearings has set its Q2 2026 guidance at EPS. Equities research analysts expect that RBC Bearings Incorporated will post 9.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RBC. Morgan Stanley restated an "overweight" rating and set a $415.00 price objective (up from $390.00) on shares of RBC Bearings in a research report on Tuesday, May 20th. The Goldman Sachs Group upped their price target on RBC Bearings from $375.00 to $416.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Zacks Research upgraded RBC Bearings from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Truist Financial upped their price target on RBC Bearings from $431.00 to $455.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Finally, KeyCorp upped their price target on RBC Bearings from $405.00 to $450.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, RBC Bearings presently has a consensus rating of "Moderate Buy" and an average target price of $425.17.

RBC Bearings 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.

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