Vestmark Advisory Solutions Inc. Boosts Position in RBC Bearings Incorporated $RBC

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in RBC Bearings by 91.4%, now owning 18,470 shares valued at approximately $5.94 million.
• Several hedge funds, including Bank of Montreal and Barclays PLC, have recently adjusted their positions in RBC Bearings, reflecting growing interest in the company.
• RBC Bearings reported earnings of $2.84 EPS for the last quarter, exceeding analyst estimates and showing a 7.3% year-over-year revenue increase.

Vestmark Advisory Solutions Inc. grew its position in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 91.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,470 shares of the industrial products company's stock after acquiring an additional 8,821 shares during the quarter. Vestmark Advisory Solutions Inc. owned about 0.06% of RBC Bearings worth $5,943,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RBC. NBC Securities Inc. bought a new position in shares of RBC Bearings in the first quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of RBC Bearings by 109.3% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 113 shares of the industrial products company's stock worth $36,000 after purchasing an additional 59 shares during the period. Golden State Wealth Management LLC increased its position in RBC Bearings by 107.1% during the first quarter. Golden State Wealth Management LLC now owns 263 shares of the industrial products company's stock worth $85,000 after acquiring an additional 136 shares during the period. UMB Bank n.a. increased its holdings in shares of RBC Bearings by 80.8% during the 1st quarter. UMB Bank n.a. now owns 311 shares of the industrial products company's stock worth $100,000 after purchasing an additional 139 shares during the period. Finally, Quarry LP lifted its stake in shares of RBC Bearings by 30.9% in the fourth quarter. Quarry LP now owns 390 shares of the industrial products company's stock valued at $117,000 after buying an additional 92 shares during the period.

Insider Transactions at RBC Bearings

In other RBC Bearings news, CEO Michael J. Hartnett sold 9,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 302,853 shares of the company's stock, valued at $112,470,518.61. This represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Daniel A. Bergeron sold 48,743 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were 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 in the company, valued at $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. Over the last ninety days, insiders have sold 125,716 shares of company stock worth $48,818,116. Company insiders own 1.90% of the company's stock.

RBC Bearings Stock Performance

RBC traded down $2.48 during trading hours on Tuesday, hitting $396.45. The stock had a trading volume of 88,819 shares, compared to its average volume of 165,556. The company has a quick ratio of 1.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29. The stock has a market cap of $12.51 billion, a PE ratio of 49.96, a price-to-earnings-growth ratio of 3.06 and a beta of 1.71. RBC Bearings Incorporated has a 1 year low of $272.50 and a 1 year high of $416.33. The company's fifty day simple moving average is $387.04 and its 200 day simple moving average is $361.32.

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, beating analysts' consensus estimates of $2.74 by $0.10. The business had revenue of $436.00 million for the quarter, compared to analysts' expectations of $432.63 million. RBC Bearings had a net margin of 15.20% and a return on equity of 10.14%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.54 EPS. RBC Bearings has set its Q2 2026 guidance at EPS. Equities analysts anticipate that RBC Bearings Incorporated will post 9.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.