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

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 Performance

Shares of NYSE:RBC traded up $0.10 on Friday, reaching $397.13. 182,095 shares of the company's stock were exchanged, compared to its average volume of 160,652. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 51.78, a PEG ratio of 4.03 and a beta of 1.65. RBC Bearings Incorporated has a fifty-two week low of $260.53 and a fifty-two week high of $402.22. The business's 50-day moving average is $375.94 and its two-hundred day moving average is $348.08. 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 (NYSE:RBC - Get Free Report) last posted its quarterly earnings results on Friday, May 16th. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.70 by $0.13. RBC Bearings had a net margin of 15.05% and a return on equity of 10.08%. The business had revenue of $437.70 million during the quarter, compared to analyst estimates of $440.26 million. During the same period in the prior year, the firm earned $2.47 earnings per share. The firm's revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts forecast that RBC Bearings Incorporated will post 9.16 EPS for the current year.

Insider Activity

In other RBC Bearings news, COO Daniel A. Bergeron sold 31,282 shares of RBC Bearings stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $380.28, for a total value of $11,895,918.96. Following the transaction, the chief operating officer owned 111,134 shares of the company's stock, valued at approximately $42,262,037.52. The trade was a 21.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael H. Ambrose sold 595 shares of RBC Bearings stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $367.32, for a total value of $218,555.40. Following the transaction, the director owned 6,985 shares of the company's stock, valued at $2,565,730.20. The trade was a 7.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,973 shares of company stock valued at $29,186,872. Company insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Morgan Stanley reissued an "overweight" rating and issued a $415.00 price objective (up previously from $390.00) on shares of RBC Bearings in a report on Tuesday, May 20th. The Goldman Sachs Group raised their price objective on RBC Bearings from $375.00 to $416.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. KeyCorp lifted their price objective on RBC Bearings from $405.00 to $450.00 and gave the stock an "overweight" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft began coverage on RBC Bearings in a report on Wednesday. They set a "buy" rating and a $480.00 price objective for the company. Finally, Truist Financial upped their price target on RBC Bearings from $405.00 to $431.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $421.17.

Institutional Trading of RBC Bearings

Hedge funds have recently bought and sold shares of the company. HB Wealth Management LLC acquired a new position in RBC Bearings during the 2nd quarter valued at about $237,000. Dakota Wealth Management acquired a new position in RBC Bearings in the 2nd quarter valued at $628,000. Sheets Smith Wealth Management grew its position in RBC Bearings by 0.9% in the 2nd quarter. Sheets Smith Wealth Management now owns 5,064 shares of the industrial products company's stock worth $1,949,000 after purchasing an additional 44 shares during the last quarter. Argent Capital Management LLC lifted its holdings in shares of RBC Bearings by 4.6% during the 2nd quarter. Argent Capital Management LLC now owns 4,632 shares of the industrial products company's stock worth $1,782,000 after acquiring an additional 204 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in RBC Bearings by 10.5% during the 2nd quarter. GAMMA Investing LLC now owns 692 shares of the industrial products company's stock valued at $266,000 after purchasing an additional 66 shares during the last quarter.

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.

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