RBC Bearings Incorporated (NYSE:RBC) Stock Holdings Increased by Callan Family Office LLC

Callan Family Office LLC grew its stake in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 251.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,416 shares of the industrial products company's stock after purchasing an additional 1,729 shares during the quarter. Callan Family Office LLC's holdings in RBC Bearings were worth $723,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of RBC Bearings in the fourth quarter valued at $30,000. Golden State Wealth Management LLC acquired a new stake in shares of RBC Bearings during the fourth quarter worth approximately $38,000. UMB Bank n.a. increased its stake in shares of RBC Bearings by 84.9% in the fourth quarter. UMB Bank n.a. now owns 172 shares of the industrial products company's stock worth $51,000 after buying an additional 79 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in RBC Bearings in the fourth quarter valued at $82,000. Finally, Quarry LP boosted its stake in RBC Bearings by 1,003.7% during the 3rd quarter. Quarry LP now owns 298 shares of the industrial products company's stock valued at $89,000 after acquiring an additional 271 shares during the last quarter.

Insider Buying and Selling

In related news, Director Michael H. Ambrose sold 400 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $362.89, for a total value of $145,156.00. Following the sale, the director now directly owns 6,728 shares in the company, valued at $2,441,523.92. The trade was a 5.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert M. Sullivan sold 8,000 shares of the company's 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 completion of the transaction, the chief financial officer now directly owns 11,382 shares in the company, valued at $4,123,129.50. This represents a 41.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,900 shares of company stock valued at $3,963,031 over the last quarter. Corporate insiders own 2.60% of the company's stock.

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RBC Bearings Price Performance

RBC stock traded down $4.82 during trading on Wednesday, hitting $336.59. The company had a trading volume of 161,256 shares, compared to its average volume of 142,380. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 46.24, a P/E/G ratio of 4.42 and a beta of 1.72. The company has a current ratio of 3.43, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $336.70 and a 200 day moving average of $315.43. RBC Bearings Incorporated has a fifty-two week low of $241.43 and a fifty-two week high of $372.83.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RBC. William Blair restated an "outperform" rating on shares of RBC Bearings in a research note on Tuesday, November 26th. KeyCorp lifted their target price on RBC Bearings from $375.00 to $395.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Morgan Stanley raised their price target on shares of RBC Bearings from $360.00 to $390.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Truist Financial boosted their price objective on shares of RBC Bearings from $351.00 to $410.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Finally, Bank of America lowered shares of RBC Bearings from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $330.00 to $335.00 in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $361.20.

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.