Erste Asset Management GmbH Decreases Stock Position in RBC Bearings Incorporated $RBC

Key Points

• Erste Asset Management GmbH has reduced its stake in RBC Bearings by 5.8%, now owning 65,000 shares worth approximately $20.9 million after selling 4,000 shares.
• Several institutional investors have increased their positions in RBC Bearings, including a significant 32.6% increase by Ameriprise Financial in the fourth quarter.
• Research analysts have raised their price targets for RBC Bearings, with KeyCorp now setting a target of $450, reflecting positive sentiment towards the stock.

Erste Asset Management GmbH lessened its stake in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,000 shares of the industrial products company's stock after selling 4,000 shares during the period. Erste Asset Management GmbH owned approximately 0.21% of RBC Bearings worth $20,915,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its position in RBC Bearings by 9.5% in the 4th quarter. Barclays PLC now owns 23,027 shares of the industrial products company's stock valued at $6,889,000 after acquiring an additional 1,997 shares in the last quarter. Mariner LLC raised its stake in shares of RBC Bearings by 8.6% in 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 during the last quarter. XTX Topco Ltd bought a new position in shares of RBC Bearings during the fourth quarter valued at $388,000. Guggenheim Capital LLC boosted its position in shares of RBC Bearings by 34.1% during the fourth quarter. Guggenheim Capital LLC now owns 1,741 shares of the industrial products company's stock valued at $521,000 after buying an additional 443 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of RBC Bearings during the fourth quarter valued at $360,000.

Insider Activity

In other news, CEO Michael J. Hartnett sold 9,000 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $371.37, for a total transaction of $3,342,330.00. Following the sale, the chief executive officer directly owned 302,853 shares in the company, valued at $112,470,518.61. This trade represents a 2.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven H. Kaplan sold 400 shares of RBC Bearings stock in a transaction on 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 approximately $952,868.70. This trade represents a 13.80% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,716 shares of company stock valued at $48,818,116. 1.90% of the stock is currently owned by company insiders.

RBC Bearings Stock Performance

Shares of RBC stock traded up $0.24 during trading hours on Monday, reaching $401.80. 28,626 shares of the company traded hands, compared to its average volume of 165,657. The firm has a 50-day moving average price of $388.80 and a 200 day moving average price of $362.11. The company has a market cap of $12.68 billion, a P/E ratio of 50.66, a P/E/G ratio of 3.11 and a beta of 1.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.33 and a quick ratio of 1.33. RBC Bearings Incorporated has a 12-month low of $272.50 and a 12-month high of $416.33.

RBC Bearings (NYSE:RBC - Get Free Report) last released its 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. RBC Bearings had a net margin of 15.20% and a return on equity of 10.14%. The company had revenue of $436.00 million during the quarter, compared to analyst estimates of $432.63 million. During the same period in the prior year, the firm posted $2.54 EPS. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. RBC Bearings has set its Q2 2026 guidance at EPS. As a group, sell-side analysts predict that RBC Bearings Incorporated will post 9.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RBC has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted 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. KeyCorp boosted their price objective on shares of RBC Bearings from $405.00 to $450.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Zacks Research upgraded shares of RBC Bearings from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of RBC Bearings in a research report on Wednesday, July 16th. They issued a "buy" rating and a $480.00 target price for the company. Finally, Truist Financial boosted their target price on shares of RBC Bearings from $431.00 to $455.00 and gave the company a "buy" rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company 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.