Confluence Investment Management LLC Sells 767 Shares of RBC Bearings Incorporated $RBC

Key Points

• Confluence Investment Management LLC reduced its holdings in RBC Bearings Incorporated by 7.6%, selling 767 shares, bringing its total ownership to 9,286 shares valued at approximately $3.57 million.
• Recent insider transactions include Director Michael H. Ambrose selling 595 shares and COO Daniel A. Bergeron selling 48,743 shares, totaling over $19.6 million combined.
• RBC Bearings reported a quarterly EPS of $2.84, beating estimates, and raised its guidance for the year, with a current average analyst rating of "Moderate Buy" and a consensus price target of $425.17.

Confluence Investment Management LLC decreased its position in RBC Bearings Incorporated (NYSE:RBC - Free Report) by 7.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,286 shares of the industrial products company's stock after selling 767 shares during the period. Confluence Investment Management LLC's holdings in RBC Bearings were worth $3,573,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of RBC. Cetera Investment Advisers lifted its stake in RBC Bearings by 2.4% in the fourth quarter. Cetera Investment Advisers now owns 4,234 shares of the industrial products company's stock valued at $1,267,000 after purchasing an additional 99 shares during the last quarter. Deutsche Bank AG lifted its stake in RBC Bearings by 2.9% in the fourth quarter. Deutsche Bank AG now owns 1,768 shares of the industrial products company's stock valued at $529,000 after purchasing an additional 49 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in RBC Bearings in the fourth quarter valued at approximately $239,000. Nomura Holdings Inc. purchased a new position in RBC Bearings in the fourth quarter valued at approximately $1,240,000. Finally, ProShare Advisors LLC lifted its position in shares of RBC Bearings by 15.5% during the fourth quarter. ProShare Advisors LLC now owns 1,462 shares of the industrial products company's stock worth $437,000 after acquiring an additional 196 shares in the last quarter.

RBC Bearings Trading Down 1.2%

Shares of NYSE:RBC traded down $4.59 on Friday, reaching $380.14. 48,871 shares of the company traded hands, compared to its average volume of 166,475. The business's 50-day simple moving average is $391.14 and its 200 day simple moving average is $365.32. 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 $12.00 billion, a P/E ratio of 47.88, a price-to-earnings-growth ratio of 2.94 and a beta of 1.73. The company has a current ratio of 3.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.29.

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

Insider Buying and Selling at RBC Bearings

In other news, COO Daniel A. Bergeron sold 48,743 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $402.75, for a total transaction of $19,631,243.25. Following the completion of the sale, the chief operating officer directly owned 111,134 shares in the company, valued at approximately $44,759,218.50. This represents a 30.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

RBC has been the topic of several recent research reports. Zacks Research upgraded RBC Bearings from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Truist Financial increased their target price on RBC Bearings from $431.00 to $455.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. The Goldman Sachs Group increased their target price on RBC Bearings from $375.00 to $416.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft initiated coverage on RBC Bearings in a research report on Wednesday, July 16th. They issued a "buy" rating and a $480.00 price objective on the stock. Finally, KeyCorp increased 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 investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.