Greenhouse Funds LLLP Boosts Holdings in RBC Bearings Incorporated $RBC

Key Points

• Greenhouse Funds LLLP increased its holdings in RBC Bearings by 14.0% to 177,661 shares, contributing approximately 2.7% to its overall portfolio.
• RBC Bearings reported an EPS of $2.84 for the last quarter, surpassing analysts' expectations of $2.74, along with a 7.3% increase in revenue year-over-year.
• Several analysts have upgraded their ratings for RBC Bearings, with KeyCorp raising its target price from $405 to $450, signaling positive market sentiment for the company.

Greenhouse Funds LLLP raised its holdings in RBC Bearings Incorporated (NYSE:RBC - Free Report) by 14.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,661 shares of the industrial products company's stock after buying an additional 21,776 shares during the quarter. RBC Bearings makes up approximately 2.7% of Greenhouse Funds LLLP's holdings, making the stock its 18th largest holding. Greenhouse Funds LLLP owned 0.57% of RBC Bearings worth $57,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RBC. The Manufacturers Life Insurance Company grew its holdings in RBC Bearings by 5.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 24,933 shares of the industrial products company's stock valued at $7,458,000 after buying an additional 1,314 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of RBC Bearings by 32.6% during the 4th quarter. Ameriprise Financial Inc. now owns 534,881 shares of the industrial products company's stock worth $159,998,000 after purchasing an additional 131,614 shares during the period. Captrust Financial Advisors grew its position in RBC Bearings by 24.8% in the fourth quarter. Captrust Financial Advisors now owns 5,543 shares of the industrial products company's stock valued at $1,658,000 after acquiring an additional 1,101 shares in the last quarter. Cetera Investment Advisers grew its position 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 acquiring an additional 99 shares in the last quarter. Finally, Durable Capital Partners LP grew its position in RBC Bearings by 1.9% in the fourth quarter. Durable Capital Partners LP now owns 2,631,346 shares of the industrial products company's stock valued at $787,141,000 after acquiring an additional 48,287 shares in the last quarter.

RBC Bearings Trading Down 1.2%

Shares of NYSE RBC opened at $383.01 on Thursday. RBC Bearings Incorporated has a one year low of $272.50 and a one year high of $416.33. The firm has a market capitalization of $12.09 billion, a PE ratio of 48.24, a PEG ratio of 3.02 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. The business has a 50-day moving average price of $391.65 and a two-hundred day moving average price of $363.79.

RBC Bearings (NYSE:RBC - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The industrial products company reported $2.84 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $432.63 million. During the same period last year, the company posted $2.54 EPS. The business'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, analysts predict that RBC Bearings Incorporated will post 9.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other RBC Bearings news, Director Steven H. Kaplan sold 400 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $381.30, for a total value of $152,520.00. Following the sale, the director owned 2,499 shares of the company's stock, valued at $952,868.70. This trade represents a 13.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael J. Hartnett sold 9,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $371.37, for a total value of $3,342,330.00. Following the completion of 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 125,716 shares of company stock worth $48,818,116. Corporate insiders own 1.90% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on RBC shares. KeyCorp upped their target price on RBC Bearings from $405.00 to $450.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Zacks Research raised RBC Bearings from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 target price (up from $390.00) on shares of RBC Bearings in a research report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft started coverage on RBC Bearings in a research report on Wednesday, July 16th. They issued a "buy" rating and a $480.00 target price on the stock. Finally, The Goldman Sachs Group upped their target price 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 equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.

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