Epoch Investment Partners Inc. lessened its holdings in RBC Bearings Incorporated (NYSE:RBC - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,207 shares of the industrial products company's stock after selling 1,038 shares during the period. Epoch Investment Partners Inc.'s holdings in RBC Bearings were worth $2,156,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in RBC. R Squared Ltd acquired a new position in RBC Bearings during the fourth quarter valued at approximately $30,000. Golden State Wealth Management LLC bought a new stake in shares of RBC Bearings in the 4th quarter worth approximately $38,000. UMB Bank n.a. boosted its stake in RBC Bearings by 84.9% during 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 in the last quarter. Harbor Investment Advisory LLC acquired a new position in RBC Bearings in the fourth quarter worth about $82,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of RBC Bearings by 2,405.3% in the 4th quarter. Venturi Wealth Management LLC now owns 476 shares of the industrial products company's stock worth $142,000 after buying an additional 457 shares in the last quarter.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on RBC shares. KeyCorp raised their price target on RBC Bearings from $375.00 to $395.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Morgan Stanley upped their price objective on RBC Bearings from $360.00 to $390.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Finally, Truist Financial decreased their price target on shares of RBC Bearings from $410.00 to $375.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $354.20.
Read Our Latest Research Report on RBC
Insider Activity at RBC Bearings
In other news, Director Michael H. Ambrose sold 400 shares of RBC Bearings stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $362.89, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert M. Sullivan sold 8,000 shares of the firm'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 completion of the sale, the chief financial officer now directly owns 11,382 shares of the company's stock, valued at $4,123,129.50. This trade represents a 41.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,900 shares of company stock worth $3,963,031. Corporate insiders own 2.60% of the company's stock.
RBC Bearings Stock Performance
Shares of RBC stock traded down $2.87 during midday trading on Friday, hitting $327.26. 153,271 shares of the company were exchanged, compared to its average volume of 161,234. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 3.43. The firm's 50 day moving average price is $336.61 and its two-hundred day moving average price is $323.04. RBC Bearings Incorporated has a 52 week low of $241.43 and a 52 week high of $372.83. The firm has a market capitalization of $10.28 billion, a P/E ratio of 44.95, a PEG ratio of 4.42 and a beta of 1.60.
About RBC Bearings
(
Free Report)
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.
Featured Stories
Before you consider RBC Bearings, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RBC Bearings wasn't on the list.
While RBC Bearings currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
