RBC Bearings Incorporated $RBC Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in RBC Bearings by 41.9%, selling over 106,000 shares, although it still holds approximately 0.47% of the company, valued at $47.25 million.
• Several institutional investors have increased their stakes in RBC Bearings, with Rafferty Asset Management raising its stake by 6.4% and Deutsche Bank AG increasing theirs by 2.9%.
• The stock received a buy rating from Deutsche Bank and an upgraded rating from Zacks Research, with a consensus price target of $425.17 among analysts.

American Century Companies Inc. decreased its stake in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 41.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 146,854 shares of the industrial products company's stock after selling 106,051 shares during the period. American Century Companies Inc. owned 0.47% of RBC Bearings worth $47,253,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Durable Capital Partners LP boosted its stake in shares of RBC Bearings by 1.9% during the fourth quarter. Durable Capital Partners LP now owns 2,631,346 shares of the industrial products company's stock valued at $787,141,000 after acquiring an additional 48,287 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in RBC Bearings by 0.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,097,321 shares of the industrial products company's stock valued at $328,253,000 after purchasing an additional 2,884 shares in the last quarter. Geneva Capital Management LLC boosted its stake in shares of RBC Bearings by 1.0% during the 1st quarter. Geneva Capital Management LLC now owns 589,418 shares of the industrial products company's stock worth $189,657,000 after purchasing an additional 5,753 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of RBC Bearings by 32.6% during the fourth quarter. Ameriprise Financial Inc. now owns 534,881 shares of the industrial products company's stock worth $159,998,000 after buying an additional 131,614 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of RBC Bearings by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 358,438 shares of the industrial products company's stock valued at $107,221,000 after buying an additional 6,667 shares during the last quarter.

RBC Bearings Trading Down 0.5%

NYSE:RBC traded down $2.0590 on Monday, hitting $399.5010. 156,497 shares of the stock were exchanged, compared to its average volume of 177,882. The stock has a fifty day moving average of $389.40 and a 200-day moving average of $362.37. The stock has a market cap of $12.61 billion, a PE ratio of 50.31, a PEG ratio of 3.11 and a beta of 1.71. The company has a current ratio of 3.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.29. RBC Bearings Incorporated has a fifty-two week low of $272.50 and a fifty-two week 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 (EPS) for the quarter, topping analysts' consensus estimates of $2.74 by $0.10. The business had revenue of $436.00 million during the quarter, compared to analysts' expectations of $432.63 million. RBC Bearings had a return on equity of 10.14% and a net margin of 15.20%.The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.54 EPS. RBC Bearings has set its Q2 2026 guidance at EPS. As a group, equities analysts expect that RBC Bearings Incorporated will post 9.16 earnings per share for the current fiscal year.

Insider Buying and Selling at RBC Bearings

In other news, Director Michael H. Ambrose sold 595 shares of the firm's stock in a transaction 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 owned 6,985 shares of the company's stock, valued at approximately $2,565,730.20. This trade represents a 7.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Daniel A. Bergeron sold 48,743 shares of the company's stock in a transaction 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 sale, the chief operating officer directly owned 111,134 shares of the company's stock, valued at approximately $44,759,218.50. This trade represents a 30.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,716 shares of company stock valued at $48,818,116 in the last ninety days. Corporate insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

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