Next Century Growth Investors LLC Sells 4,441 Shares of RBC Bearings Incorporated $RBC

Key Points

• Next Century Growth Investors LLC reduced its holdings in RBC Bearings Incorporated by 6.8%, selling 4,441 shares in the first quarter, but still retained approximately $19.68 million worth of shares.
• Equities analysts have positively rated RBC Bearings, with several upgrades including a "strong-buy" rating from Zacks Research and a price target increase from various firms, suggesting strong future performance.
• Insider transactions included COO Daniel A. Bergeron selling 48,743 shares, marking a significant decrease in his ownership, while a total of 125,716 shares were sold by insiders over the last 90 days.

Next Century Growth Investors LLC reduced its position in RBC Bearings Incorporated (NYSE:RBC - Free Report) by 6.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,148 shares of the industrial products company's stock after selling 4,441 shares during the period. RBC Bearings makes up about 1.8% of Next Century Growth Investors LLC's investment portfolio, making the stock its 12th biggest position. Next Century Growth Investors LLC owned approximately 0.19% of RBC Bearings worth $19,676,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RBC. GAMMA Investing LLC boosted its stake in shares of RBC Bearings by 38,860.9% in the 1st quarter. GAMMA Investing LLC now owns 201,428 shares of the industrial products company's stock worth $64,813,000 after buying an additional 200,911 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in RBC Bearings by 32.6% in 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. Nuveen LLC bought a new position in RBC Bearings in the 1st quarter worth $20,847,000. Durable Capital Partners LP raised its holdings 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 purchasing an additional 48,287 shares during the period. Finally, Northern Trust Corp raised its holdings in RBC Bearings by 18.2% in the 4th quarter. Northern Trust Corp now owns 276,340 shares of the industrial products company's stock worth $82,664,000 after purchasing an additional 42,459 shares during the period.

Insider Transactions at RBC Bearings

In other news, COO Daniel A. Bergeron sold 48,743 shares of RBC Bearings stock in a transaction dated 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 sale, the chief operating officer directly owned 111,134 shares of the company's stock, valued at approximately $44,759,218.50. The trade was a 30.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael H. Ambrose sold 595 shares of RBC Bearings stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $367.32, for a total value of $218,555.40. Following the completion of the sale, the director directly owned 6,985 shares in the company, valued at $2,565,730.20. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,716 shares of company stock valued at $48,818,116. 1.90% of the stock is owned by company insiders.

RBC Bearings Price Performance

NYSE:RBC traded down $9.48 on Monday, reaching $389.23. 202,052 shares of the company's stock traded hands, compared to its average volume of 177,646. The company has a quick ratio of 1.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29. The stock has a 50-day simple moving average of $391.49 and a 200-day simple moving average of $363.31. The firm has a market cap of $12.29 billion, a PE ratio of 49.02, a P/E/G ratio of 3.02 and a beta of 1.73. RBC Bearings Incorporated has a 12 month low of $272.50 and a 12 month high of $416.33.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on RBC shares. KeyCorp raised their target price on RBC Bearings from $405.00 to $450.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft started coverage on RBC Bearings in a report on Wednesday, July 16th. They issued 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 report on Wednesday, August 13th. The Goldman Sachs Group raised their target price on RBC Bearings from $375.00 to $416.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 target price (up from $390.00) on shares of RBC Bearings in a report on Tuesday, May 20th. 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. Based on data from MarketBeat, RBC Bearings has a consensus rating of "Moderate Buy" and a consensus price target of $425.17.

About RBC Bearings

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.