RBC Bearings Incorporated $RBC Stock Holdings Increased by Granahan Investment Management LLC

Key Points

• Granahan Investment Management LLC increased its stake in RBC Bearings by 2.1% in the first quarter, holding approximately 62,292 shares valued at about $20 million.
• RBC Bearings reported earnings of $2.84 per share for the last quarter, exceeding estimates, with revenues of $436 million, reflecting a year-over-year growth of 7.3%.
• Multiple analysts raised their price targets for RBC Bearings, with rates ranging from $416 to $480, indicating a general consensus for a “Moderate Buy” rating.

Granahan Investment Management LLC boosted its stake in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,292 shares of the industrial products company's stock after purchasing an additional 1,288 shares during the quarter. RBC Bearings comprises approximately 1.0% of Granahan Investment Management LLC's investment portfolio, making the stock its 28th biggest position. Granahan Investment Management LLC owned about 0.20% of RBC Bearings worth $20,044,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RBC. Captrust Financial Advisors boosted its position in RBC Bearings by 24.8% during the fourth quarter. Captrust Financial Advisors now owns 5,543 shares of the industrial products company's stock worth $1,658,000 after purchasing an additional 1,101 shares during the period. Cetera Investment Advisers lifted its holdings in RBC Bearings by 2.4% during the 4th quarter. Cetera Investment Advisers now owns 4,234 shares of the industrial products company's stock worth $1,267,000 after purchasing an additional 99 shares during the last quarter. Deutsche Bank AG increased its position in RBC Bearings by 2.9% during the 4th quarter. Deutsche Bank AG now owns 1,768 shares of the industrial products company's stock worth $529,000 after buying an additional 49 shares during the period. Ethic Inc. lifted its holdings in shares of RBC Bearings by 16.5% during the fourth quarter. Ethic Inc. now owns 1,507 shares of the industrial products company's stock worth $451,000 after buying an additional 213 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of RBC Bearings during the fourth quarter worth $239,000.

Analysts Set New Price Targets

Several brokerages have weighed in on RBC. The Goldman Sachs Group lifted their price objective 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. Truist Financial lifted their price objective 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. Deutsche Bank Aktiengesellschaft assumed coverage on RBC Bearings in a report on Wednesday, July 16th. They set a "buy" rating and a $480.00 target price on the stock. Zacks Research upgraded RBC Bearings from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $415.00 price objective (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 issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $425.17.

Insider Activity

In other RBC Bearings news, Director Michael H. Ambrose sold 595 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $367.32, for a total transaction of $218,555.40. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael J. Hartnett sold 9,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $371.37, for a total value of $3,342,330.00. Following the transaction, the chief executive officer directly owned 302,853 shares of the company's stock, valued at $112,470,518.61. The trade was a 2.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,338 shares of company stock valued at $23,192,129. Company insiders own 1.90% of the company's stock.

RBC Bearings Trading Up 0.3%

Shares of RBC stock traded up $1.25 on Wednesday, hitting $376.13. The stock had a trading volume of 51,551 shares, compared to its average volume of 166,196. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.33 and a quick ratio of 1.33. The firm has a market capitalization of $11.87 billion, a P/E ratio of 47.37, a P/E/G ratio of 2.96 and a beta of 1.73. RBC Bearings Incorporated has a 1 year low of $272.50 and a 1 year high of $416.33. The company's 50 day moving average price is $391.63 and its 200-day moving average price 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, beating the consensus estimate of $2.74 by $0.10. The firm had revenue of $436.00 million for the quarter, compared to the consensus estimate of $432.63 million. RBC Bearings had a return on equity of 10.14% and a net margin of 15.20%.The company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.54 EPS. RBC Bearings has set its Q2 2026 guidance at EPS. Analysts anticipate that RBC Bearings Incorporated will post 9.16 earnings per share for the current year.

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.