Gotham Asset Management LLC Has $16.25 Million Stake 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 boosted its stake in RBC Bearings Incorporated (NYSE:RBC - Free Report) by 95.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,494 shares of the industrial products company's stock after purchasing an additional 24,616 shares during the quarter. Gotham Asset Management LLC owned about 0.16% of RBC Bearings worth $16,247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Geneva Capital Management LLC increased its holdings in RBC Bearings by 1.0% in the first quarter. Geneva Capital Management LLC now owns 589,418 shares of the industrial products company's stock valued at $189,657,000 after purchasing an additional 5,753 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in RBC Bearings by 2.0% in the first quarter. Ameriprise Financial Inc. now owns 545,412 shares of the industrial products company's stock valued at $175,515,000 after purchasing an additional 10,531 shares during the last quarter. Maren Capital LLC increased its holdings in RBC Bearings by 4.2% in the first quarter. Maren Capital LLC now owns 420,946 shares of the industrial products company's stock valued at $135,448,000 after purchasing an additional 17,143 shares during the last quarter. Stephens Investment Management Group LLC increased its holdings in RBC Bearings by 0.4% in the first quarter. Stephens Investment Management Group LLC now owns 306,246 shares of the industrial products company's stock valued at $98,541,000 after purchasing an additional 1,211 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in RBC Bearings by 11.2% in the first quarter. Invesco Ltd. now owns 260,924 shares of the industrial products company's stock valued at $83,958,000 after purchasing an additional 26,338 shares during the last quarter.

Insider Activity at RBC Bearings

In related news, COO Daniel A. Bergeron sold 48,743 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $402.75, for a total transaction of $19,631,243.25. Following the completion of the transaction, the chief operating officer directly owned 111,134 shares of the company's stock, valued at approximately $44,759,218.50. This represents a 30.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael H. Ambrose sold 595 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $367.32, for a total value of $218,555.40. Following the transaction, the director directly owned 6,985 shares of the company's stock, 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 58,338 shares of company stock valued at $23,192,129. Insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Zacks Research upgraded RBC Bearings from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. KeyCorp increased their price target 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 initiated coverage on RBC Bearings in a report on Wednesday, July 16th. They issued a "buy" rating and a $480.00 price target for the company. Truist Financial increased their price target on RBC Bearings from $431.00 to $455.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Finally, Morgan Stanley restated an "overweight" rating and issued a $415.00 price target (up from $390.00) on shares of RBC Bearings in a report on Tuesday, May 20th. 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $425.17.

RBC Bearings Stock Up 0.8%

Shares of NYSE:RBC traded up $3.03 during mid-day trading on Wednesday, reaching $377.91. 123,233 shares of the stock were exchanged, compared to its average volume of 166,466. 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 company has a market cap of $11.93 billion, a P/E ratio of 47.60, a P/E/G ratio of 2.96 and a beta of 1.73. RBC Bearings Incorporated has a one year low of $272.50 and a one year high of $416.33. The stock's 50 day simple moving average is $391.63 and its 200-day simple moving average is $364.26.

RBC Bearings (NYSE:RBC - Get Free Report) last posted its quarterly earnings data 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 return on equity of 10.14% and a net margin of 15.20%.The business had revenue of $436.00 million during the quarter, compared to the consensus estimate of $432.63 million. During the same period last year, the company earned $2.54 earnings per share. RBC Bearings's quarterly revenue was up 7.3% on a year-over-year basis. RBC Bearings has set its Q2 2026 guidance at EPS. As a group, equities research analysts predict that RBC Bearings Incorporated will post 9.16 EPS for the current year.

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.