Jump Financial LLC Takes Position in RBC Bearings Incorporated $RBC

Key Points

• Jump Financial LLC has invested approximately $254,000 to acquire 789 shares in RBC Bearings Incorporated during the 1st quarter.
• Analysts have generally rated RBC Bearings positively, with recent upgrades including a new price target of $480.00 from Deutsche Bank and an "overweight" rating from KeyCorp.
• RBC Bearings reported $2.84 earnings per share (EPS) for the latest quarter, exceeding expectations and demonstrating a 7.3% revenue increase compared to the previous year.

Jump Financial LLC acquired a new stake in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 789 shares of the industrial products company's stock, valued at approximately $254,000.

A number of other hedge funds have also modified their holdings of RBC. Durable Capital Partners LP increased its stake in RBC Bearings by 1.9% in the 4th 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. Geneva Capital Management LLC increased its position in shares of RBC Bearings by 1.0% in the first quarter. Geneva Capital Management LLC now owns 589,418 shares of the industrial products company's stock valued at $189,657,000 after buying an additional 5,753 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in RBC Bearings by 2.0% in the 1st quarter. Ameriprise Financial Inc. now owns 545,412 shares of the industrial products company's stock worth $175,515,000 after buying an additional 10,531 shares during the last quarter. Maren Capital LLC lifted its stake in shares of RBC Bearings by 4.2% in the 1st quarter. Maren Capital LLC now owns 420,946 shares of the industrial products company's stock valued at $135,448,000 after purchasing an additional 17,143 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its holdings in shares of RBC Bearings by 0.4% during the 1st quarter. Stephens Investment Management Group LLC now owns 306,246 shares of the industrial products company's stock valued at $98,541,000 after buying an additional 1,211 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RBC shares. Deutsche Bank Aktiengesellschaft initiated coverage on RBC Bearings in a research report on Wednesday, July 16th. They set a "buy" rating and a $480.00 target price on the stock. Zacks Research raised RBC Bearings from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Morgan Stanley reissued an "overweight" rating and issued a $415.00 price objective (up from $390.00) on shares of RBC Bearings in a research report on Tuesday, May 20th. Truist Financial lifted their price target on shares of RBC Bearings from $431.00 to $455.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Finally, The Goldman Sachs Group raised their target price on shares of RBC Bearings from $375.00 to $416.00 and gave the company a "neutral" rating in a research note 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 issued a Hold rating to the company. According to data from MarketBeat.com, RBC Bearings has a consensus rating of "Moderate Buy" and an average target price of $425.17.

RBC Bearings Price Performance

Shares of NYSE RBC traded down $1.77 during mid-day trading on Monday, reaching $385.71. 128,990 shares of the company traded hands, compared to its average volume of 166,005. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.33 and a quick ratio of 1.33. The stock has a fifty day simple moving average of $391.84 and a 200-day simple moving average of $364.02. RBC Bearings Incorporated has a fifty-two week low of $272.50 and a fifty-two week high of $416.33. The firm has a market cap of $12.17 billion, a PE ratio of 48.72, a price-to-earnings-growth ratio of 3.00 and a beta of 1.73.

RBC Bearings (NYSE:RBC - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.74 by $0.10. The business 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 firm's revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.54 EPS. RBC Bearings has set its Q2 2026 guidance at EPS. Equities research analysts anticipate that RBC Bearings Incorporated will post 9.16 EPS for the current fiscal year.

Insider Buying and Selling

In other RBC Bearings news, CEO Michael J. Hartnett sold 9,000 shares of the business'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 transaction, the chief executive officer directly owned 302,853 shares of the company's stock, valued at approximately $112,470,518.61. The trade was a 2.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Daniel A. Bergeron sold 48,743 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $402.75, for a total transaction of $19,631,243.25. Following the transaction, the chief operating officer owned 111,134 shares in the company, valued at $44,759,218.50. This represents a 30.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,591 shares of company stock valued at $25,163,990 over the last three months. 1.90% of the stock is owned by company insiders.

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.