Gotham Asset Management LLC Raises Holdings in RBC Bearings Incorporated $RBC

Key Points

• Gotham Asset Management LLC increased its holdings in RBC Bearings by 95.1%, owning approximately 0.16% of the company valued at $16.25 million after acquiring additional shares during Q1.
• RBC Bearings reported $2.84 EPS, surpassing analyst estimates of $2.74, with a net margin of 15.20% and a 7.3% year-over-year revenue growth.
• Several analysts have upgraded their ratings for RBC Bearings, with KeyCorp raising its price target to $450.00, suggesting a positive outlook for the company's stock.

Gotham Asset Management LLC grew its position in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 95.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,494 shares of the industrial products company's stock after purchasing an additional 24,616 shares during the period. Gotham Asset Management LLC owned about 0.16% of RBC Bearings worth $16,247,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC lifted its stake in RBC Bearings by 6.4% during the fourth quarter. Rafferty Asset Management LLC now owns 713 shares of the industrial products company's stock worth $213,000 after purchasing an additional 43 shares during the last quarter. First Bank & Trust lifted its stake in RBC Bearings by 2.1% during the first quarter. First Bank & Trust now owns 2,165 shares of the industrial products company's stock worth $697,000 after purchasing an additional 44 shares during the last quarter. Deutsche Bank AG increased its holdings 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 buying an additional 49 shares during the period. Xponance Inc. increased its holdings in shares of RBC Bearings by 1.5% in the first quarter. Xponance Inc. now owns 3,491 shares of the industrial products company's stock worth $1,123,000 after buying an additional 51 shares during the period. Finally, Vista Finance LLC increased its holdings in shares of RBC Bearings by 6.9% in the first quarter. Vista Finance LLC now owns 879 shares of the industrial products company's stock worth $283,000 after buying an additional 57 shares during the period.

RBC Bearings Trading Up 1.5%

NYSE:RBC traded up $5.68 during mid-day trading on Thursday, reaching $383.76. 82,341 shares of the company's stock traded hands, compared to its average volume of 166,390. RBC Bearings Incorporated has a 12-month low of $272.50 and a 12-month high of $416.33. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of 48.33, a PEG ratio of 2.90 and a beta of 1.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.33 and a quick ratio of 1.33. The company has a 50 day moving average price of $391.53 and a 200-day moving average price of $364.36.

RBC Bearings (NYSE:RBC - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The industrial products company reported $2.84 earnings per share (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 company had revenue of $436.00 million for the quarter, compared to the consensus estimate of $432.63 million. During the same quarter in the previous year, the business earned $2.54 EPS. RBC Bearings's revenue was up 7.3% compared to the same quarter last year. RBC Bearings has set its Q2 2026 guidance at EPS. On average, sell-side analysts predict that RBC Bearings Incorporated will post 9.16 earnings per share for the current year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several research firms have recently commented on RBC. KeyCorp lifted their price objective on RBC Bearings from $405.00 to $450.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Morgan Stanley reiterated an "overweight" rating and issued a $415.00 price objective (up previously from $390.00) on shares of RBC Bearings in a report on Tuesday, May 20th. The Goldman Sachs Group lifted their price objective on RBC Bearings from $375.00 to $416.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft began coverage on RBC Bearings in a report on Wednesday, July 16th. They issued a "buy" rating and a $480.00 price objective on the stock. Finally, Truist Financial lifted their price objective on RBC Bearings from $431.00 to $455.00 and gave the stock a "buy" rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.