RBC Bearings Incorporated (NYSE:RBC) Shares Acquired by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP boosted its holdings in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 35.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,514 shares of the industrial products company's stock after buying an additional 4,835 shares during the quarter. RBC Bearings makes up approximately 1.3% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its 26th biggest holding. Advantage Alpha Capital Partners LP owned about 0.06% of RBC Bearings worth $5,545,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of RBC. Vanguard Group Inc. boosted its position in RBC Bearings by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 2,938,923 shares of the industrial products company's stock valued at $879,149,000 after acquiring an additional 229,466 shares in the last quarter. State Street Corp boosted its position in RBC Bearings by 2.4% during the third quarter. State Street Corp now owns 845,175 shares of the industrial products company's stock valued at $253,028,000 after purchasing an additional 19,962 shares in the last quarter. Geode Capital Management LLC boosted its position in RBC Bearings by 1.1% during the third quarter. Geode Capital Management LLC now owns 482,503 shares of the industrial products company's stock valued at $144,490,000 after purchasing an additional 5,040 shares in the last quarter. Port Capital LLC grew its stake in RBC Bearings by 0.9% in the third quarter. Port Capital LLC now owns 385,101 shares of the industrial products company's stock valued at $115,292,000 after purchasing an additional 3,525 shares during the last quarter. Finally, Maren Capital LLC raised its holdings in RBC Bearings by 3.8% in the third quarter. Maren Capital LLC now owns 379,113 shares of the industrial products company's stock worth $113,499,000 after purchasing an additional 13,812 shares in the last quarter.

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Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of RBC Bearings from $360.00 to $390.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. KeyCorp raised their target price on shares of RBC Bearings from $375.00 to $395.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Truist Financial upped their price target on RBC Bearings from $351.00 to $410.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $361.20.

Insiders Place Their Bets

In other news, CFO Robert M. Sullivan sold 8,000 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $362.25, for a total value of $2,898,000.00. Following the sale, the chief financial officer now owns 11,382 shares in the company, valued at $4,123,129.50. This represents a 41.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael J. Hartnett sold 2,500 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $367.95, for a total transaction of $919,875.00. Following the transaction, the chief executive officer now owns 320,088 shares of the company's stock, valued at $117,776,379.60. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,900 shares of company stock valued at $3,963,031. 2.60% of the stock is owned by insiders.

RBC Bearings Stock Performance

Shares of RBC stock traded down $6.67 during mid-day trading on Friday, reaching $326.09. The stock had a trading volume of 86,191 shares, compared to its average volume of 155,690. The company has a current ratio of 3.43, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34. RBC Bearings Incorporated has a 1-year low of $241.43 and a 1-year high of $372.83. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 44.79, a PEG ratio of 4.42 and a beta of 1.72. The business's fifty day moving average is $345.26 and its 200-day moving average is $319.01.

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.