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

A number of other institutional investors also recently made changes to their positions in the business. Rafferty Asset Management LLC boosted its stake in shares of RBC Bearings by 6.4% in the 4th quarter. Rafferty Asset Management LLC now owns 713 shares of the industrial products company's stock valued at $213,000 after purchasing an additional 43 shares in the last quarter. First Bank & Trust boosted its stake in shares of RBC Bearings by 2.1% in the 1st quarter. First Bank & Trust now owns 2,165 shares of the industrial products company's stock valued at $697,000 after purchasing an additional 44 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of RBC Bearings by 2.9% in the 4th quarter. Deutsche Bank AG now owns 1,768 shares of the industrial products company's stock valued at $529,000 after purchasing an additional 49 shares in the last quarter. Xponance Inc. boosted its stake in shares of RBC Bearings by 1.5% in the 1st quarter. Xponance Inc. now owns 3,491 shares of the industrial products company's stock valued at $1,123,000 after purchasing an additional 51 shares in the last quarter. Finally, Vista Finance LLC boosted its position in RBC Bearings by 6.9% during the 1st quarter. Vista Finance LLC now owns 879 shares of the industrial products company's stock valued at $283,000 after buying an additional 57 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RBC shares. Truist Financial increased their price target 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 started coverage on shares of RBC Bearings in a research report on Wednesday, July 16th. They set a "buy" rating and a $480.00 price target for the company. KeyCorp increased their price target on shares of RBC Bearings from $405.00 to $450.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Zacks Research raised shares of RBC Bearings from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, Morgan Stanley reissued an "overweight" rating and set a $415.00 price target (up previously from $390.00) on shares of RBC Bearings in a research 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $425.17.

Insider Activity at RBC Bearings

In related news, COO Daniel A. Bergeron sold 48,743 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $402.75, for a total transaction of $19,631,243.25. Following the completion of the sale, the chief operating officer directly owned 111,134 shares in the company, valued at approximately $44,759,218.50. The trade was a 30.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael H. Ambrose sold 595 shares of the business's 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 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. 1.90% of the stock is owned by insiders.

RBC Bearings Stock Down 2.5%

Shares of RBC Bearings stock traded down $9.74 during trading on Friday, hitting $375.35. The company's stock had a trading volume of 133,571 shares, compared to its average volume of 164,881. 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 company has a fifty day simple moving average of $391.19 and a two-hundred day simple moving average of $364.66. The company has a market capitalization of $11.85 billion, a PE ratio of 47.27, a P/E/G ratio of 2.98 and a beta of 1.73. RBC Bearings Incorporated has a 52 week low of $272.50 and a 52 week high of $416.33.

RBC Bearings (NYSE:RBC - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.74 by $0.10. The business had revenue of $436.00 million during 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 was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $2.54 EPS. RBC Bearings has set its Q2 2026 guidance at EPS. Equities research analysts predict that RBC Bearings Incorporated will post 9.16 earnings per share for the current year.

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.