MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 7,981 Shares of RBC Bearings Incorporated $RBC

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its ownership in RBC Bearings Incorporated by 4.0%, acquiring an additional 7,981 shares, bringing its total to 208,308 shares valued at $67,028,000.
• In addition to MIRAE, several institutional investors, including UMB Bank and Advisors Asset Management, have significantly increased their positions in RBC Bearings during the first quarter.
• INSIDER sales included COO Daniel A. Bergeron, who sold 48,743 shares at an average price of $402.75, indicating a 30.49% decrease in his holdings.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,308 shares of the industrial products company's stock after acquiring an additional 7,981 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.66% of RBC Bearings worth $67,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of RBC. Captrust Financial Advisors grew its position in shares of RBC Bearings by 24.8% during the 4th 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 during the period. Cetera Investment Advisers boosted its position in shares of RBC Bearings by 2.4% in the fourth quarter. Cetera Investment Advisers now owns 4,234 shares of the industrial products company's stock worth $1,267,000 after purchasing an additional 99 shares during the period. Deutsche Bank AG boosted its position in shares of RBC Bearings by 2.9% in the fourth quarter. Deutsche Bank AG now owns 1,768 shares of the industrial products company's stock worth $529,000 after purchasing an additional 49 shares during the period. Ethic Inc. boosted its position in shares of RBC Bearings by 16.5% in the fourth quarter. Ethic Inc. now owns 1,507 shares of the industrial products company's stock worth $451,000 after purchasing an additional 213 shares during the period. Finally, Jefferies Financial Group Inc. bought a new position in shares of RBC Bearings in the fourth quarter worth approximately $239,000.

RBC Bearings Price Performance

RBC stock traded up $5.46 during trading on Thursday, hitting $383.54. 86,300 shares of the company's stock traded hands, compared to its average volume of 166,420. RBC Bearings Incorporated has a 52 week low of $272.50 and a 52 week high of $416.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.33 and a current ratio of 3.33. The business has a fifty day simple moving average of $391.53 and a 200 day simple moving average of $364.36. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of 48.30, a P/E/G ratio of 2.90 and a beta of 1.73.

RBC Bearings (NYSE:RBC - Get Free Report) last announced its earnings results on Friday, August 1st. The industrial products company reported $2.84 earnings per share for the quarter, beating 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 business had revenue of $436.00 million for the quarter, compared to the consensus estimate of $432.63 million. During the same quarter in the prior year, the firm posted $2.54 earnings per share. The business's revenue for the quarter was up 7.3% on a year-over-year basis. RBC Bearings has set its Q2 2026 guidance at EPS. As a group, research analysts expect that RBC Bearings Incorporated will post 9.16 EPS for the current fiscal year.

Insider Transactions at RBC Bearings

In related news, Director Michael H. Ambrose sold 595 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $367.32, for a total value of $218,555.40. Following the sale, the director directly owned 6,985 shares of the company's stock, valued at $2,565,730.20. This represents a 7.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Daniel A. Bergeron sold 48,743 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $402.75, for a total transaction of $19,631,243.25. Following the completion of the sale, the chief operating officer directly owned 111,134 shares in the company, valued at $44,759,218.50. This trade represents a 30.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Truist Financial upped their price target on shares of RBC Bearings from $431.00 to $455.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of RBC Bearings in a research report on Wednesday, July 16th. They set a "buy" rating and a $480.00 target price for the company. KeyCorp boosted their price target on shares of RBC Bearings from $405.00 to $450.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. The Goldman Sachs Group boosted their price target on shares of RBC Bearings from $375.00 to $416.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Finally, Zacks Research upgraded shares of RBC Bearings from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. One investment 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 stock. According to data from MarketBeat.com, RBC Bearings has a consensus rating of "Moderate Buy" and a consensus target price of $425.17.

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.