RBC Bearings Incorporated $RBC Shares Sold by Axiom Investors LLC DE

Key Points

• Axiom Investors LLC DE has reduced its stake in RBC Bearings by 4.4%, owning approximately 0.13% of the company valued at $12.93 million as of the latest filing.
• In addition to Axiom Investors, several other institutional investors made changes to their positions in RBC Bearings, with Quantbot Technologies LP growing its stake by 153.2% in the last quarter.
• The company reported earnings of $2.84 per share for the last quarter, exceeding expectations, while its shares have recently been the subject of positive analyst upgrades, with target prices reaching as high as $480.

Axiom Investors LLC DE decreased its position in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,177 shares of the industrial products company's stock after selling 1,863 shares during the period. Axiom Investors LLC DE owned about 0.13% of RBC Bearings worth $12,928,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RBC. Jump Financial LLC purchased a new position in shares of RBC Bearings in the first quarter valued at approximately $254,000. SVB Wealth LLC purchased a new position in RBC Bearings in the 1st quarter valued at approximately $111,000. Maren Capital LLC grew its stake in shares of RBC Bearings by 4.2% in the first quarter. Maren Capital LLC now owns 420,946 shares of the industrial products company's stock worth $135,448,000 after acquiring an additional 17,143 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of RBC Bearings by 2.0% in the first quarter. Ameriprise Financial Inc. now owns 545,412 shares of the industrial products company's stock worth $175,515,000 after acquiring an additional 10,531 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in shares of RBC Bearings by 153.2% during the first quarter. Quantbot Technologies LP now owns 8,306 shares of the industrial products company's stock worth $2,673,000 after acquiring an additional 5,025 shares during the period.

RBC Bearings Stock Performance

RBC Bearings stock traded down $1.61 during trading hours on Thursday, reaching $397.92. 150,063 shares of the stock were exchanged, compared to its average volume of 167,147. The stock has a market cap of $12.56 billion, a P/E ratio of 50.12, a P/E/G ratio of 3.09 and a beta of 1.71. The firm's 50 day moving average is $390.63 and its 200 day moving average is $362.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.33 and a current ratio of 3.33. 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 posted its quarterly earnings results on Friday, August 1st. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.10. The firm had revenue of $436.00 million during the quarter, compared to analysts' expectations of $432.63 million. RBC Bearings had a net margin of 15.20% and a return on equity of 10.14%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.54 earnings per share. RBC Bearings has set its Q2 2026 guidance at EPS. Analysts predict that RBC Bearings Incorporated will post 9.16 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other RBC Bearings news, Director Michael H. Ambrose sold 595 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $367.32, for a total value of $218,555.40. Following the completion of the sale, the director owned 6,985 shares of the company's stock, valued at approximately $2,565,730.20. This trade represents a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Daniel A. Bergeron sold 48,743 shares of the business's 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 sale, the chief operating officer owned 111,134 shares in the company, 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. Over the last ninety days, insiders sold 125,716 shares of company stock worth $48,818,116. Insiders own 1.90% 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.