Quadcap Wealth Management LLC Purchases New Shares in RBC Bearings Incorporated $RBC

Key Points

• Quadcap Wealth Management LLC purchased a new stake of 1,305 shares in RBC Bearings Incorporated valued at approximately $420,000 during the first quarter.
• The company's stock opened at $399.73, showing a 52-week range with a low of $272.50 and a high of $416.33, contributing to a market capitalization of $12.62 billion.
• RBC Bearings reported earnings of $2.84 per share for the last quarter, surpassing analysts' expectations and demonstrating a year-over-year revenue increase of 7.3%.

Quadcap Wealth Management LLC acquired a new stake in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,305 shares of the industrial products company's stock, valued at approximately $420,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. purchased a new stake in RBC Bearings during the first quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in RBC Bearings by 109.3% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 113 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 59 shares during the last quarter. Golden State Wealth Management LLC lifted its position in RBC Bearings by 107.1% during the first quarter. Golden State Wealth Management LLC now owns 263 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 136 shares during the last quarter. UMB Bank n.a. lifted its position in RBC Bearings by 80.8% during the first quarter. UMB Bank n.a. now owns 311 shares of the industrial products company's stock valued at $100,000 after acquiring an additional 139 shares during the last quarter. Finally, SVB Wealth LLC purchased a new stake in RBC Bearings during the first quarter valued at approximately $111,000.

RBC Bearings Stock Performance

Shares of NYSE RBC traded down $9.48 during midday trading on Friday, reaching $389.23. The company had a trading volume of 202,052 shares, compared to its average volume of 180,820. The business's 50-day simple moving average is $391.49 and its 200 day simple moving average is $363.30. The stock has a market cap of $12.28 billion, a P/E ratio of 49.02, a P/E/G ratio of 3.02 and a beta of 1.71. RBC Bearings Incorporated has a 1 year low of $272.50 and a 1 year high of $416.33. The company has a current ratio of 3.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.29.

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

Insider Buying and Selling at RBC Bearings

In related news, Director Steven H. Kaplan sold 400 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $381.30, for a total transaction of $152,520.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael J. Hartnett sold 26,725 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $381.09, for a total transaction of $10,184,630.25. Following the transaction, the chief executive officer directly owned 316,853 shares of the company's stock, valued at approximately $120,749,509.77. This trade represents a 7.78% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 125,716 shares of company stock worth $48,818,116. 1.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RBC has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated 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. Morgan Stanley reissued an "overweight" rating and set a $415.00 target price (up previously from $390.00) on shares of RBC Bearings in a research report on Tuesday, May 20th. Truist Financial increased their target price on shares of RBC Bearings from $431.00 to $455.00 and gave the company a "buy" rating in a research report on Monday, August 4th. KeyCorp raised their price target on shares of RBC Bearings from $405.00 to $450.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, Zacks Research raised shares of RBC Bearings from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.