RBC Bearings Incorporated $RBC Shares Sold by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio decreased its stake in RBC Bearings by 3.6% in Q2, now holding 25,803 shares valued at approximately $9.93 million.
• RBC Bearings reported a quarterly EPS of $2.84, beating analysts' estimates and experiencing a year-over-year revenue increase of 7.3% to $436 million.
• Analysts have a consensus rating of "Moderate Buy" for RBC Bearings, with a target price averaged at $425.17, following several recent upgrades from various research firms.

Public Employees Retirement System of Ohio decreased its position in RBC Bearings Incorporated (NYSE:RBC - Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,803 shares of the industrial products company's stock after selling 973 shares during the quarter. Public Employees Retirement System of Ohio owned 0.08% of RBC Bearings worth $9,929,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in RBC Bearings in the first quarter worth $25,000. Advisors Asset Management Inc. acquired a new position in shares of RBC Bearings in the 1st quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of RBC Bearings by 109.3% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 113 shares of the industrial products company's stock valued at $36,000 after buying an additional 59 shares during the period. Golden State Wealth Management LLC boosted its stake in RBC Bearings by 107.1% in the first quarter. Golden State Wealth Management LLC now owns 263 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 136 shares during the period. Finally, UMB Bank n.a. boosted its position in RBC Bearings by 80.8% during the 1st quarter. UMB Bank n.a. now owns 311 shares of the industrial products company's stock valued at $100,000 after purchasing an additional 139 shares during the period.

RBC Bearings Stock Up 1.4%

RBC stock opened at $384.80 on Friday. RBC Bearings Incorporated has a 12 month low of $272.50 and a 12 month high of $416.33. The firm has a 50 day simple moving average of $390.61 and a 200 day simple moving average of $366.88. The firm has a market cap of $12.14 billion, a PE ratio of 48.46, a P/E/G ratio of 2.98 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.

RBC Bearings (NYSE:RBC - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The industrial products company reported $2.84 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 during the quarter, compared to the consensus estimate of $432.63 million. During the same quarter in the prior year, the firm earned $2.54 EPS. The company's quarterly revenue was up 7.3% compared to the same quarter last year. RBC Bearings has set its Q2 2026 guidance at EPS. Equities research analysts forecast that RBC Bearings Incorporated will post 9.16 earnings per share for the current fiscal year.

Insider Activity at RBC Bearings

In other RBC Bearings news, COO Daniel A. Bergeron sold 48,743 shares of the company's stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RBC. KeyCorp boosted their target price on shares of RBC Bearings from $405.00 to $450.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of RBC Bearings in a report on Wednesday, July 16th. They issued a "buy" rating and a $480.00 price objective for the company. Zacks Research raised shares of RBC Bearings from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. The Goldman Sachs Group upped their price target on shares of RBC Bearings from $375.00 to $416.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Finally, Truist Financial upped their price target on shares of RBC Bearings from $431.00 to $455.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. One 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 stock. According to data from MarketBeat.com, RBC Bearings currently has a consensus rating of "Moderate Buy" and a consensus target price of $425.17.

RBC Bearings 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.

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