Dynamic Technology Lab Private Ltd Grows Stake in RBC Bearings Incorporated $RBC

Key Points

• Dynamic Technology Lab Private Ltd increased its holdings in RBC Bearings Incorporated by 77.8% in the first quarter, valuing their investment at approximately $669,000.
• Insider transactions included the sale of 58,338 shares valued at $23.19 million over the last three months, indicating a notable 30.49% decrease in ownership by COO Daniel A. Bergeron.
• RBC Bearings reported a quarterly EPS of $2.84, exceeding estimates and marking a 7.3% year-over-year revenue increase to $436 million.

Dynamic Technology Lab Private Ltd raised its stake in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 77.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,079 shares of the industrial products company's stock after buying an additional 910 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in RBC Bearings were worth $669,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in RBC Bearings by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 208,308 shares of the industrial products company's stock valued at $67,028,000 after buying an additional 7,981 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of RBC Bearings by 32.7% during the first quarter. Integrated Wealth Concepts LLC now owns 1,229 shares of the industrial products company's stock worth $395,000 after purchasing an additional 303 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in shares of RBC Bearings by 95.1% during the first quarter. Gotham Asset Management LLC now owns 50,494 shares of the industrial products company's stock worth $16,247,000 after purchasing an additional 24,616 shares during the last quarter. Granahan Investment Management LLC boosted its holdings in shares of RBC Bearings by 2.1% during the first quarter. Granahan Investment Management LLC now owns 62,292 shares of the industrial products company's stock worth $20,044,000 after purchasing an additional 1,288 shares during the last quarter. Finally, Greenhouse Funds LLLP boosted its holdings in shares of RBC Bearings by 14.0% during the first quarter. Greenhouse Funds LLLP now owns 177,661 shares of the industrial products company's stock worth $57,166,000 after purchasing an additional 21,776 shares during the last quarter.

RBC Bearings Trading Up 1.4%

Shares of RBC traded up $5.28 during trading hours on Monday, hitting $380.38. The stock had a trading volume of 23,581 shares, compared to its average volume of 165,948. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.33 and a current ratio of 3.33. The firm has a market cap of $12.00 billion, a P/E ratio of 47.89, a P/E/G ratio of 2.91 and a beta of 1.73. The company's fifty day simple moving average is $391.19 and its 200 day simple moving average is $364.76. RBC Bearings Incorporated has a 12-month low of $272.50 and a 12-month high of $416.33.

RBC Bearings (NYSE:RBC - Get Free Report) last issued its earnings results 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. 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 for the quarter, compared to analyst estimates of $432.63 million. During the same period last year, the company posted $2.54 EPS. 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. Equities research analysts forecast that RBC Bearings Incorporated will post 9.16 EPS for the current fiscal year.

Insider Activity

In other RBC Bearings news, COO Daniel A. Bergeron sold 48,743 shares of the firm's stock in a transaction dated 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 transaction, the chief operating officer directly owned 111,134 shares of the company's stock, valued at $44,759,218.50. This trade represents a 30.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael H. Ambrose sold 595 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $367.32, for a total value of $218,555.40. Following the completion of the transaction, the director directly owned 6,985 shares in the company, 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. Company insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

RBC has been the topic of several analyst reports. The Goldman Sachs Group raised 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. KeyCorp raised 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. Truist Financial raised 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. Zacks Research upgraded RBC Bearings from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Morgan Stanley restated an "overweight" rating and set a $415.00 price objective (up previously 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 issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, RBC Bearings currently has a consensus rating of "Moderate Buy" and an average 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.