Erste Asset Management GmbH Sells 4,000 Shares of 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 reduced its position in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,000 shares of the industrial products company's stock after selling 4,000 shares during the period. Erste Asset Management GmbH owned about 0.21% of RBC Bearings worth $20,915,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Durable Capital Partners LP boosted its position in shares of RBC Bearings by 1.9% during the fourth quarter. Durable Capital Partners LP now owns 2,631,346 shares of the industrial products company's stock worth $787,141,000 after buying an additional 48,287 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of RBC Bearings by 0.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,097,321 shares of the industrial products company's stock worth $328,253,000 after buying an additional 2,884 shares during the period. Geneva Capital Management LLC boosted its position in shares of RBC Bearings by 1.0% during the first quarter. Geneva Capital Management LLC now owns 589,418 shares of the industrial products company's stock worth $189,657,000 after buying an additional 5,753 shares during the period. Ameriprise Financial Inc. boosted its position in shares of RBC Bearings by 32.6% during the fourth quarter. Ameriprise Financial Inc. now owns 534,881 shares of the industrial products company's stock worth $159,998,000 after buying an additional 131,614 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of RBC Bearings by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 358,438 shares of the industrial products company's stock worth $107,221,000 after buying an additional 6,667 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RBC shares. 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. Morgan Stanley reaffirmed an "overweight" rating and set a $415.00 price objective (up from $390.00) on shares of RBC Bearings in a research report on Tuesday, May 20th. Truist Financial increased their price target on RBC Bearings from $431.00 to $455.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Zacks Research raised RBC Bearings from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, The Goldman Sachs Group increased their price target on RBC Bearings from $375.00 to $416.00 and gave the company 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 assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, RBC Bearings presently has a consensus rating of "Moderate Buy" and a consensus target price of $425.17.

RBC Bearings Stock Performance

RBC opened at $397.14 on Wednesday. RBC Bearings Incorporated has a 12-month low of $272.50 and a 12-month high of $416.33. The stock has a market cap of $12.53 billion, a price-to-earnings ratio of 50.02, a PEG ratio of 3.09 and a beta of 1.71. The business has a 50 day moving average of $387.42 and a 200-day moving average of $361.57. The company has a quick ratio of 1.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29.

RBC Bearings (NYSE:RBC - Get Free Report) last released 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 company had revenue of $436.00 million during the quarter, compared to analysts' expectations of $432.63 million. During the same period last year, the firm posted $2.54 earnings per share. The business's revenue was up 7.3% on a year-over-year basis. RBC Bearings has set its Q2 2026 guidance at EPS. On average, equities research analysts expect that RBC Bearings Incorporated will post 9.16 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Steven H. Kaplan sold 400 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Daniel A. Bergeron sold 48,743 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $402.75, for a total value of $19,631,243.25. Following the transaction, the chief operating officer owned 111,134 shares in the company, valued at approximately $44,759,218.50. This trade represents a 30.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 125,716 shares of company stock valued at $48,818,116. Corporate insiders own 1.90% of the company's stock.

RBC Bearings Company 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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