RBC Bearings Incorporated $RBC Holdings Boosted by Maren Capital LLC

Key Points

• Maren Capital LLC increased its holdings in RBC Bearings by 4.2% during the first quarter, resulting in a total of 420,946 shares, which makes RBC its second largest holding.
• RBC Bearings reported a quarterly earnings per share of $2.84, exceeding analysts' expectations and marking a 7.3% increase in revenue compared to the same period last year.
• Several research firms have raised their target prices for RBC Bearings, with Deutsche Bank setting a buy rating and a target of $480.00 on the stock.

Maren Capital LLC increased its position in RBC Bearings Incorporated (NYSE:RBC - Free Report) by 4.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 420,946 shares of the industrial products company's stock after acquiring an additional 17,143 shares during the period. RBC Bearings comprises approximately 9.2% of Maren Capital LLC's holdings, making the stock its 2nd largest position. Maren Capital LLC owned approximately 1.34% of RBC Bearings worth $135,448,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in RBC Bearings by 38,860.9% during the 1st quarter. GAMMA Investing LLC now owns 201,428 shares of the industrial products company's stock valued at $64,813,000 after buying an additional 200,911 shares during the last quarter. Ameriprise Financial Inc. raised its stake in RBC Bearings by 32.6% during the 4th quarter. Ameriprise Financial Inc. now owns 534,881 shares of the industrial products company's stock valued at $159,998,000 after buying an additional 131,614 shares during the last quarter. Nuveen LLC purchased a new stake in RBC Bearings during the 1st quarter valued at $20,847,000. Durable Capital Partners LP raised its stake in RBC Bearings by 1.9% during the 4th quarter. Durable Capital Partners LP now owns 2,631,346 shares of the industrial products company's stock valued at $787,141,000 after buying an additional 48,287 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of RBC Bearings by 18.2% during the 4th quarter. Northern Trust Corp now owns 276,340 shares of the industrial products company's stock valued at $82,664,000 after acquiring an additional 42,459 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RBC. Zacks Research raised shares of RBC Bearings from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Truist Financial boosted their price objective 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. 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 price objective for the company. Morgan Stanley reissued an "overweight" rating and set a $415.00 price objective (up previously from $390.00) on shares of RBC Bearings in a research report on Tuesday, May 20th. Finally, KeyCorp upped their target price 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. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $425.17.

RBC Bearings Price Performance

Shares of RBC traded down $0.57 during midday trading on Thursday, hitting $398.96. 81,071 shares of the company traded hands, compared to its average volume of 166,713. The firm has a 50 day moving average of $390.63 and a 200-day moving average of $362.89. RBC Bearings Incorporated has a 52 week low of $272.50 and a 52 week high of $416.33. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 50.21, a PEG ratio of 3.09 and a beta of 1.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.33 and a current ratio of 3.33.

RBC Bearings (NYSE:RBC - Get Free Report) last released 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. 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 the consensus estimate of $432.63 million. During the same quarter in the prior year, the firm earned $2.54 EPS. The business's 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 EPS for the current fiscal year.

Insider Activity at RBC Bearings

In other news, CEO Michael J. Hartnett sold 9,000 shares of RBC Bearings stock in a transaction that occurred 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 completion of the sale, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael H. Ambrose sold 595 shares of RBC Bearings stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $367.32, for a total transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,716 shares of company stock worth $48,818,116. Insiders own 1.90% of the company's stock.

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.