902 Shares in RBC Bearings Incorporated (NYSE:RBC) Purchased by Vident Advisory LLC

Vident Advisory LLC purchased a new stake in RBC Bearings Incorporated (NYSE:RBC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 902 shares of the industrial products company's stock, valued at approximately $270,000.

A number of other institutional investors also recently modified their holdings of the company. Barclays PLC grew its stake in shares of RBC Bearings by 162.2% in the third quarter. Barclays PLC now owns 21,030 shares of the industrial products company's stock worth $6,296,000 after acquiring an additional 13,010 shares during the last quarter. KBC Group NV grew its stake in shares of RBC Bearings by 59.7% in the fourth quarter. KBC Group NV now owns 1,124 shares of the industrial products company's stock worth $336,000 after acquiring an additional 420 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of RBC Bearings by 7.1% in the fourth quarter. Pacer Advisors Inc. now owns 4,558 shares of the industrial products company's stock worth $1,363,000 after acquiring an additional 304 shares during the last quarter. R Squared Ltd acquired a new stake in shares of RBC Bearings in the fourth quarter worth $30,000. Finally, Mather Group LLC. grew its stake in shares of RBC Bearings by 16.9% in the fourth quarter. Mather Group LLC. now owns 499 shares of the industrial products company's stock worth $149,000 after acquiring an additional 72 shares during the last quarter.

RBC Bearings Stock Performance

RBC traded up $4.89 during trading on Tuesday, reaching $375.10. 149,855 shares of the company's stock were exchanged, compared to its average volume of 159,722. RBC Bearings Incorporated has a fifty-two week low of $260.53 and a fifty-two week high of $380.49. The company has a quick ratio of 1.18, a current ratio of 3.43 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $341.22 and a 200 day moving average price of $335.23. The company has a market capitalization of $11.78 billion, a P/E ratio of 51.53, a PEG ratio of 4.42 and a beta of 1.66.

RBC Bearings (NYSE:RBC - Get Free Report) last issued its earnings results on Friday, May 16th. The industrial products company reported $2.83 EPS for the quarter, beating the consensus estimate of $2.70 by $0.13. RBC Bearings had a net margin of 14.59% and a return on equity of 10.06%. The company had revenue of $437.70 million for the quarter, compared to the consensus estimate of $440.26 million. During the same quarter in the previous year, the company earned $2.47 EPS. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, analysts predict that RBC Bearings Incorporated will post 9.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RBC has been the topic of several research analyst reports. Truist Financial restated a "buy" rating and issued a $405.00 price objective (up previously from $375.00) on shares of RBC Bearings in a research note on Monday, May 19th. KeyCorp lifted their price target on shares of RBC Bearings from $375.00 to $395.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, Morgan Stanley reiterated an "overweight" rating and set a $415.00 price target (up previously from $390.00) on shares of RBC Bearings in a research note on Tuesday, May 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $387.50.

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.