RBC Bearings Incorporated (NYSE:RBC) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors boosted its position in RBC Bearings Incorporated (NYSE:RBC - Free Report) by 24.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,543 shares of the industrial products company's stock after acquiring an additional 1,101 shares during the quarter. Captrust Financial Advisors' holdings in RBC Bearings were worth $1,658,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in RBC Bearings by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 199,174 shares of the industrial products company's stock valued at $59,581,000 after purchasing an additional 1,103 shares during the period. Allspring Global Investments Holdings LLC raised its position in RBC Bearings by 39.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 222,430 shares of the industrial products company's stock valued at $66,247,000 after purchasing an additional 62,706 shares during the period. Callan Family Office LLC raised its position in RBC Bearings by 251.7% in the fourth quarter. Callan Family Office LLC now owns 2,416 shares of the industrial products company's stock valued at $723,000 after purchasing an additional 1,729 shares during the period. Advantage Alpha Capital Partners LP increased its position in shares of RBC Bearings by 35.3% during the fourth quarter. Advantage Alpha Capital Partners LP now owns 18,514 shares of the industrial products company's stock worth $5,545,000 after acquiring an additional 4,835 shares during the last quarter. Finally, Argent Capital Management LLC lifted its stake in shares of RBC Bearings by 33.0% in the fourth quarter. Argent Capital Management LLC now owns 4,521 shares of the industrial products company's stock worth $1,352,000 after acquiring an additional 1,123 shares in the last quarter.

RBC Bearings Stock Performance

NYSE:RBC traded up $1.08 during trading hours on Friday, reaching $368.35. 248,927 shares of the stock were exchanged, compared to its average volume of 160,654. 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 firm has a 50 day simple moving average of $333.48 and a 200-day simple moving average of $329.81. RBC Bearings Incorporated has a 52 week low of $260.53 and a 52 week high of $372.95. The stock has a market capitalization of $11.57 billion, a P/E ratio of 50.60, a P/E/G ratio of 4.42 and a beta of 1.66.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Morgan Stanley lifted their price objective on RBC Bearings from $360.00 to $390.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. KeyCorp upped their price target on shares of RBC Bearings from $375.00 to $395.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Truist Financial decreased their price objective on shares of RBC Bearings from $410.00 to $375.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $354.20.

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.