Quantbot Technologies LP Has $2.67 Million Stock Position in RBC Bearings Incorporated $RBC

Key Points

• Quantbot Technologies LP has significantly increased its stake in RBC Bearings Incorporated by 153.2%, now holding shares valued at $2.67 million.
• The stock of RBC Bearings has experienced a 1.2% decline recently, trading at around $393.17 with a market capitalization of $12.41 billion.
• Several analysts have upgraded their ratings on RBC Bearings, with target prices ranging from $415 to $480, indicating a positive outlook for the stock.

Quantbot Technologies LP boosted its stake in RBC Bearings Incorporated (NYSE:RBC - Free Report) by 153.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,306 shares of the industrial products company's stock after acquiring an additional 5,025 shares during the quarter. Quantbot Technologies LP's holdings in RBC Bearings were worth $2,673,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in RBC Bearings during the 1st quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in RBC Bearings by 109.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 113 shares of the industrial products company's stock worth $36,000 after buying an additional 59 shares in the last quarter. Golden State Wealth Management LLC lifted its position in RBC Bearings by 107.1% during the 1st quarter. Golden State Wealth Management LLC now owns 263 shares of the industrial products company's stock worth $85,000 after buying an additional 136 shares in the last quarter. UMB Bank n.a. lifted its position in RBC Bearings by 80.8% during the 1st quarter. UMB Bank n.a. now owns 311 shares of the industrial products company's stock worth $100,000 after buying an additional 139 shares in the last quarter. Finally, Quarry LP lifted its position in RBC Bearings by 30.9% during the 4th quarter. Quarry LP now owns 390 shares of the industrial products company's stock worth $117,000 after buying an additional 92 shares in the last quarter.

Insider Activity

In related news, 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 value of $19,631,243.25. Following the transaction, the chief operating officer owned 111,134 shares in the company, valued at approximately $44,759,218.50. This represents a 30.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael H. Ambrose sold 595 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $367.32, for a total transaction of $218,555.40. Following the completion of the transaction, the director owned 6,985 shares in the company, valued at approximately $2,565,730.20. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,716 shares of company stock valued at $48,818,116 over the last quarter. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Morgan Stanley reissued an "overweight" rating and set a $415.00 price target (up from $390.00) on shares of RBC Bearings in a research report on Tuesday, May 20th. Zacks Research raised shares of RBC Bearings from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. 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 report 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 report on Tuesday, July 8th. Finally, Truist Financial boosted 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. 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. Based on data from MarketBeat, RBC Bearings presently has a consensus rating of "Moderate Buy" and an average price target of $425.17.

RBC Bearings Stock Performance

Shares of RBC Bearings stock traded up $1.33 during trading on Tuesday, hitting $400.91. 89,211 shares of the stock were exchanged, compared to its average volume of 165,934. The stock has a market capitalization of $12.65 billion, a price-to-earnings ratio of 50.52, a price-to-earnings-growth ratio of 3.11 and a beta of 1.71. The company has a fifty day moving average price of $389.40 and a 200-day moving average price of $362.37. 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 released its quarterly earnings data on Friday, August 1st. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.10. The company had revenue of $436.00 million for the quarter, compared to analyst estimates of $432.63 million. RBC Bearings had a net margin of 15.20% and a return on equity of 10.14%. RBC Bearings's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.54 EPS. RBC Bearings has set its Q2 2026 guidance at EPS. As a group, equities analysts predict that RBC Bearings Incorporated will post 9.16 EPS for the current fiscal year.

RBC Bearings 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.