Cookson Peirce & Co. Inc. Takes $738,000 Position in RBC Bearings Incorporated $RBC

Key Points

• Cookson Peirce & Co. Inc. made a new investment of $738,000 in RBC Bearings, acquiring 2,294 shares of the industrial products company in the first quarter.
• Several large investors have increased their stakes in RBC Bearings, including Thurston Springer Miller Herd & Titak Inc., which raised its position by 109.3%.
• Analyst ratings for RBC Bearings are positive, with a majority issuing "buy" ratings and price targets ranging from $415.00 to $480.00.

Cookson Peirce & Co. Inc. bought a new stake in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,294 shares of the industrial products company's stock, valued at approximately $738,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of RBC Bearings by 26.0% during the 4th quarter. Bank of Montreal Can now owns 3,572 shares of the industrial products company's stock worth $1,069,000 after acquiring an additional 737 shares in the last quarter. Townsquare Capital LLC boosted its stake in shares of RBC Bearings by 0.6% in the fourth quarter. Townsquare Capital LLC now owns 5,663 shares of the industrial products company's stock valued at $1,694,000 after buying an additional 36 shares in the last quarter. Barclays PLC boosted its position in RBC Bearings by 9.5% during the fourth quarter. Barclays PLC now owns 23,027 shares of the industrial products company's stock worth $6,889,000 after purchasing an additional 1,997 shares in the last quarter. Mariner LLC boosted its position in RBC Bearings by 8.6% during the fourth quarter. Mariner LLC now owns 4,250 shares of the industrial products company's stock worth $1,271,000 after purchasing an additional 335 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in RBC Bearings during the fourth quarter worth $388,000.

RBC Bearings Stock Down 0.6%

NYSE RBC traded down $2.48 during trading hours on Tuesday, hitting $396.45. The company's stock had a trading volume of 88,819 shares, compared to its average volume of 165,556. RBC Bearings Incorporated has a 52 week low of $272.50 and a 52 week high of $416.33. The company's 50-day simple moving average is $387.04 and its two-hundred day simple moving average is $361.32. The company has a current ratio of 3.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $12.51 billion, a PE ratio of 49.96, a price-to-earnings-growth ratio of 3.06 and a beta of 1.71.

RBC Bearings (NYSE:RBC - Get Free Report) last posted 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 firm had revenue of $436.00 million for 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 company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.54 EPS. RBC Bearings has set its Q2 2026 guidance at EPS. Research analysts anticipate that RBC Bearings Incorporated will post 9.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RBC shares. Morgan Stanley reaffirmed an "overweight" rating and set a $415.00 target price (up previously from $390.00) on shares of RBC Bearings in a report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft began coverage on RBC Bearings in a research report on Wednesday, July 16th. They set a "buy" rating and a $480.00 price objective for the company. Truist Financial upped their price target on RBC Bearings from $431.00 to $455.00 and gave the company a "buy" rating in a report on Monday, August 4th. Zacks Research upgraded RBC Bearings from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, The Goldman Sachs Group raised their price target on RBC Bearings from $375.00 to $416.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. 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. Based on data from MarketBeat, RBC Bearings currently has a consensus rating of "Moderate Buy" and a consensus price target of $425.17.

Insider Buying and Selling at RBC Bearings

In related news, Director Steven H. Kaplan sold 400 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $381.30, for a total transaction of $152,520.00. Following the transaction, the director owned 2,499 shares in the company, valued at $952,868.70. The trade was a 13.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael H. Ambrose sold 595 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $367.32, for a total transaction 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 disclosure for this sale can be found here. Over the last three months, insiders sold 125,716 shares of company stock valued at $48,818,116. Company insiders own 1.90% of the company's stock.

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.