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

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Geneva Capital Management LLC increased its holdings in shares of RBC Bearings by 1.0% during the 1st quarter. Geneva Capital Management LLC now owns 589,418 shares of the industrial products company's stock valued at $189,657,000 after acquiring an additional 5,753 shares during the last quarter. Ameriprise Financial Inc. boosted its position in RBC Bearings by 2.0% during the first quarter. Ameriprise Financial Inc. now owns 545,412 shares of the industrial products company's stock worth $175,515,000 after purchasing an additional 10,531 shares during the period. Maren Capital LLC grew its holdings in RBC Bearings by 4.2% during the first quarter. Maren Capital LLC now owns 420,946 shares of the industrial products company's stock valued at $135,448,000 after purchasing an additional 17,143 shares during the last quarter. Stephens Investment Management Group LLC raised its position in shares of RBC Bearings by 0.4% in the first quarter. Stephens Investment Management Group LLC now owns 306,246 shares of the industrial products company's stock valued at $98,541,000 after purchasing an additional 1,211 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of RBC Bearings by 11.2% in the first quarter. Invesco Ltd. now owns 260,924 shares of the industrial products company's stock worth $83,958,000 after buying an additional 26,338 shares during the last quarter.

Insider Buying and Selling at RBC Bearings

In other news, Director Michael H. Ambrose sold 595 shares of the 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 owned 6,985 shares in the company, valued at approximately $2,565,730.20. This represents a 7.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Daniel A. Bergeron sold 48,743 shares of the firm's stock in a transaction dated 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 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. Insiders own 1.90% of the company's stock.

RBC Bearings Stock Down 2.5%

NYSE RBC opened at $375.35 on Friday. RBC Bearings Incorporated has a twelve month low of $272.50 and a twelve month high of $416.33. The stock has a market cap of $11.85 billion, a PE ratio of 47.27, a PEG ratio of 2.98 and a beta of 1.73. The firm has a 50-day simple moving average of $391.19 and a 200 day simple moving average of $364.71. 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 (NYSE:RBC - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $436.00 million during the quarter, compared to analysts' expectations of $432.63 million. During the same quarter in the prior year, the firm posted $2.54 EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. RBC Bearings has set its Q2 2026 guidance at EPS. On average, research analysts forecast that RBC Bearings Incorporated will post 9.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $415.00 target price (up from $390.00) on shares of RBC Bearings in a research note on Tuesday, May 20th. Zacks Research raised RBC Bearings from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Truist Financial lifted their price objective on RBC Bearings from $431.00 to $455.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. KeyCorp increased their target price on RBC Bearings from $405.00 to $450.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, The Goldman Sachs Group raised 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. 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's stock. Based on data from MarketBeat.com, the company currently has an average 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.

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