John Feeney Sells 105 Shares of RBC Bearings (NYSE:RBC) Stock

Key Points

• John Feeney, Vice President of RBC Bearings, sold 105 shares of the company's stock for approximately $40,197, resulting in a 3.79% decrease in his ownership.
• RBC Bearings' stock saw a 1.7% increase during trading, reaching a price of $390.65, with a market cap of $12.33 billion.
• Recently, several analysts upgraded their ratings and price targets for RBC Bearings, with the consensus target price set at $425.17 and a majority rating of "Moderate Buy."

RBC Bearings Incorporated (NYSE:RBC - Get Free Report) VP John Feeney sold 105 shares of the business's stock in a transaction on Friday, September 26th. The shares were sold at an average price of $382.83, for a total transaction of $40,197.15. Following the sale, the vice president directly owned 2,666 shares in the company, valued at approximately $1,020,624.78. This trade represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

RBC Bearings Stock Up 1.7%

NYSE:RBC traded up $6.35 during trading hours on Tuesday, hitting $390.65. 153,672 shares of the stock traded hands, compared to its average volume of 184,549. The firm has a 50 day moving average price of $390.37 and a 200 day moving average price of $367.62. 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. The firm has a market cap of $12.33 billion, a price-to-earnings ratio of 49.20, a PEG ratio of 2.98 and a beta of 1.73.

RBC Bearings (NYSE:RBC - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.74 by $0.10. RBC Bearings had a net margin of 15.20% and a return on equity of 10.14%. The business had revenue of $436.00 million for the quarter, compared to the consensus estimate of $432.63 million. During the same period in the prior year, the business posted $2.54 earnings per share. RBC Bearings's revenue for the quarter was up 7.3% compared to the same quarter last year. RBC Bearings has set its Q2 2026 guidance at EPS. Equities research analysts anticipate that RBC Bearings Incorporated will post 9.16 earnings per share for the current year.

Hedge Funds Weigh In On RBC Bearings

Several institutional investors have recently made changes to their positions in RBC. Osaic Holdings Inc. raised its stake in RBC Bearings by 137.7% during the 2nd quarter. Osaic Holdings Inc. now owns 1,400 shares of the industrial products company's stock worth $518,000 after acquiring an additional 811 shares during the period. Centaurus Financial Inc. grew its holdings in shares of RBC Bearings by 12.5% in the second quarter. Centaurus Financial Inc. now owns 4,035 shares of the industrial products company's stock valued at $1,553,000 after purchasing an additional 449 shares in the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of RBC Bearings by 6.7% in the second quarter. Orion Porfolio Solutions LLC now owns 21,899 shares of the industrial products company's stock valued at $8,427,000 after purchasing an additional 1,372 shares in the last quarter. Squarepoint Ops LLC boosted its stake in RBC Bearings by 75.0% during the second quarter. Squarepoint Ops LLC now owns 12,600 shares of the industrial products company's stock worth $4,848,000 after buying an additional 5,398 shares during the period. Finally, KP Management LLC purchased a new position in RBC Bearings during the second quarter worth $770,000.

Wall Street Analysts Forecast Growth

RBC has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of RBC Bearings in a research report on Wednesday, July 16th. They issued a "buy" rating and a $480.00 price objective for the company. Zacks Research upgraded shares of RBC Bearings from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. KeyCorp boosted their price objective on shares of RBC Bearings from $405.00 to $450.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. The Goldman Sachs Group upped their price target on shares of RBC Bearings from $375.00 to $416.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Finally, Truist Financial increased their price objective on shares of RBC Bearings from $431.00 to $455.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. One equities 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 stock. Based on data from MarketBeat, RBC Bearings presently has an average rating of "Moderate Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.