Rep. Gilbert Ray Cisneros, Jr. Sells RBC Bearings Incorporated (NYSE:RBC) Shares

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of RBC Bearings Incorporated (NYSE:RBC). In a filing disclosed on July 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in RBC Bearings stock on June 16th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of SpringWorks Therapeutics NASDAQ: SWTX on 7/1/2025.
• Purchased $1,001 - $15,000 in shares of AppLovin NASDAQ: APP on 7/1/2025.
• Sold $1,001 - $15,000 in shares of Amdocs NASDAQ: DOX on 6/30/2025.
• Purchased $1,001 - $15,000 in shares of CoStar Group NASDAQ: CSGP on 6/30/2025.
• Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 6/27/2025.
• Purchased $1,001 - $15,000 in shares of Xiaomi OTCMKTS: XIACF on 6/27/2025.
• Sold $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 6/27/2025.
• Sold $1,001 - $15,000 in shares of Willis Towers Watson Public NASDAQ: WTW on 6/26/2025.
• Sold $1,001 - $15,000 in shares of Boston Scientific NYSE: BSX on 6/26/2025.
• Sold $1,001 - $15,000 in shares of Liberty Media Corporation - Liberty Formula One Series C NASDAQ: FWONK on 6/26/2025.

RBC Bearings Stock Up 0.4%

NYSE RBC traded up $1.40 during trading hours on Tuesday, hitting $393.38. 71,927 shares of the company were exchanged, compared to its average volume of 160,143. The company has a 50 day moving average of $375.94 and a two-hundred day moving average of $348.77. The company has a quick ratio of 1.18, a current ratio of 3.26 and a debt-to-equity ratio of 0.30. RBC Bearings Incorporated has a 52-week low of $260.53 and a 52-week high of $402.22. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 51.29, a PEG ratio of 3.24 and a beta of 1.65.

RBC Bearings (NYSE:RBC - Get Free Report) last released its quarterly earnings data on Friday, May 16th. The industrial products company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.13. The firm had revenue of $437.70 million during the quarter, compared to the consensus estimate of $440.26 million. RBC Bearings had a return on equity of 10.08% and a net margin of 15.05%. RBC Bearings's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $2.47 EPS. Equities research analysts anticipate that RBC Bearings Incorporated will post 9.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Truist Financial boosted their target price on shares of RBC Bearings from $405.00 to $431.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Morgan Stanley reissued an "overweight" rating and issued a $415.00 price target (up previously from $390.00) on shares of RBC Bearings in a report on Tuesday, May 20th. 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 report on Tuesday, July 15th. The Goldman Sachs Group lifted their price target on shares of RBC Bearings from $375.00 to $416.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of RBC Bearings in a report on Wednesday, July 16th. They set a "buy" rating and a $480.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $421.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBC. Park Avenue Securities LLC grew its holdings in RBC Bearings by 50.8% during the 1st quarter. Park Avenue Securities LLC now owns 2,647 shares of the industrial products company's stock worth $852,000 after acquiring an additional 892 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of RBC Bearings in the first quarter valued at approximately $253,000. Deutsche Bank AG boosted its holdings in shares of RBC Bearings by 2.9% in the fourth quarter. Deutsche Bank AG now owns 1,768 shares of the industrial products company's stock valued at $529,000 after acquiring an additional 49 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of RBC Bearings by 21.3% in the first quarter. New York State Teachers Retirement System now owns 5,700 shares of the industrial products company's stock valued at $1,834,000 after acquiring an additional 1,000 shares during the period. Finally, Personal CFO Solutions LLC acquired a new stake in shares of RBC Bearings in the first quarter valued at approximately $296,000.

Insider Buying and Selling

In other RBC Bearings news, Director Michael H. Ambrose sold 595 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $367.32, for a total value of $218,555.40. Following the sale, the director owned 6,985 shares of the company's stock, valued at approximately $2,565,730.20. This represents a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael J. Hartnett sold 9,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $371.37, for a total value of $3,342,330.00. Following the sale, the chief executive officer directly owned 302,853 shares in the company, valued at approximately $112,470,518.61. The trade was a 2.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,973 shares of company stock worth $29,186,872 over the last three months. 2.60% of the stock is owned by company insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.