Dimensional Fund Advisors LP Increases Stock Holdings in RBC Bearings Incorporated (NYSE:RBC)

Dimensional Fund Advisors LP boosted its stake in RBC Bearings Incorporated (NYSE:RBC - Free Report) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 358,438 shares of the industrial products company's stock after buying an additional 6,667 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.14% of RBC Bearings worth $107,221,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RBC. Torray Investment Partners LLC raised its holdings in shares of RBC Bearings by 0.3% in the fourth quarter. Torray Investment Partners LLC now owns 8,468 shares of the industrial products company's stock valued at $2,533,000 after purchasing an additional 28 shares during the last quarter. Curated Wealth Partners LLC grew its position in RBC Bearings by 1.6% in the 4th quarter. Curated Wealth Partners LLC now owns 1,989 shares of the industrial products company's stock worth $595,000 after purchasing an additional 32 shares in the last quarter. Townsquare Capital LLC increased its stake in RBC Bearings by 0.6% in the 4th quarter. Townsquare Capital LLC now owns 5,663 shares of the industrial products company's stock valued at $1,694,000 after buying an additional 36 shares during the last quarter. Argonautica Private Wealth Management Inc. lifted its position in shares of RBC Bearings by 3.4% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,399 shares of the industrial products company's stock worth $418,000 after buying an additional 46 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of RBC Bearings by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 912 shares of the industrial products company's stock worth $273,000 after buying an additional 47 shares during the last quarter.

Analyst Ratings Changes

A number of analysts recently commented on RBC shares. KeyCorp increased their price target on RBC Bearings from $375.00 to $395.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Truist Financial lowered their target price on RBC Bearings from $410.00 to $375.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Morgan Stanley increased their price target on shares of RBC Bearings from $360.00 to $390.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, RBC Bearings has an average rating of "Moderate Buy" and an average price target of $354.20.

RBC Bearings Stock Down 0.9 %

Shares of NYSE RBC opened at $327.26 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 1.18. The stock has a market capitalization of $10.28 billion, a PE ratio of 44.95, a P/E/G ratio of 4.42 and a beta of 1.60. RBC Bearings Incorporated has a one year low of $243.50 and a one year high of $372.83. The business's fifty day moving average price is $335.77 and its 200-day moving average price is $323.96.

Insider Buying and Selling at RBC Bearings

In other news, CFO Robert M. Sullivan sold 8,000 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $4,123,129.50. The trade was a 41.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael H. Ambrose sold 400 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $362.89, for a total transaction of $145,156.00. Following the completion of the transaction, the director now directly owns 6,728 shares of the company's stock, valued at approximately $2,441,523.92. This trade represents a 5.61 % decrease in their ownership of the stock. 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 three months. 2.60% of the stock is currently owned by insiders.

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.

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