799 Shares in RBC Bearings Incorporated (NYSE:RBC) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in RBC Bearings Incorporated (NYSE:RBC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 799 shares of the industrial products company's stock, valued at approximately $239,000.

Several other hedge funds have also recently modified their holdings of RBC. R Squared Ltd purchased a new stake in shares of RBC Bearings during the fourth quarter valued at $30,000. Golden State Wealth Management LLC purchased a new stake in shares of RBC Bearings during the 4th quarter valued at about $38,000. UMB Bank n.a. grew its stake in shares of RBC Bearings by 84.9% in the fourth quarter. UMB Bank n.a. now owns 172 shares of the industrial products company's stock worth $51,000 after acquiring an additional 79 shares during the period. Harbor Investment Advisory LLC purchased a new position in shares of RBC Bearings during the fourth quarter valued at approximately $82,000. Finally, Quarry LP boosted its holdings in RBC Bearings by 30.9% in the fourth quarter. Quarry LP now owns 390 shares of the industrial products company's stock worth $117,000 after purchasing an additional 92 shares during the last quarter.

RBC Bearings Stock Performance

NYSE RBC traded up $0.66 on Friday, hitting $360.43. 176,228 shares of the company traded hands, compared to its average volume of 159,100. The business's 50 day moving average price is $336.53 and its 200-day moving average price is $332.66. RBC Bearings Incorporated has a 52-week low of $260.53 and a 52-week high of $380.49. The company has a current ratio of 3.43, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 49.51, a P/E/G ratio of 4.42 and a beta of 1.66.

RBC Bearings (NYSE:RBC - Get Free Report) last posted its quarterly earnings data on Friday, May 16th. The industrial products company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.70 by $0.13. The firm had revenue of $437.70 million for the quarter, compared to the consensus estimate of $440.26 million. RBC Bearings had a return on equity of 10.06% and a net margin of 14.59%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.47 earnings per share. Equities analysts expect that RBC Bearings Incorporated will post 9.16 earnings per share for the current year.

Analysts Set New Price Targets

RBC has been the subject of several research analyst reports. KeyCorp lifted their price objective on RBC Bearings from $375.00 to $395.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Truist Financial restated a "buy" rating and set a $405.00 price target (up from $375.00) on shares of RBC Bearings in a research note on Monday. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $415.00 price objective (up previously from $390.00) on shares of RBC Bearings in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, RBC Bearings presently has a consensus rating of "Moderate Buy" and an average target price of $365.20.

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.