Mutual of America Capital Management LLC Buys 795 Shares of RBC Bearings Incorporated (NYSE:RBC)

Mutual of America Capital Management LLC boosted its stake in RBC Bearings Incorporated (NYSE:RBC - Free Report) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,500 shares of the industrial products company's stock after purchasing an additional 795 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of RBC Bearings worth $4,936,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Private Advisor Group LLC boosted its holdings in RBC Bearings by 13.4% during the third quarter. Private Advisor Group LLC now owns 1,320 shares of the industrial products company's stock worth $395,000 after purchasing an additional 156 shares during the last quarter. State of Alaska Department of Revenue raised its position in RBC Bearings by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 3,370 shares of the industrial products company's stock worth $1,008,000 after acquiring an additional 225 shares during the period. US Bancorp DE raised its position in RBC Bearings by 17.4% in the third quarter. US Bancorp DE now owns 6,854 shares of the industrial products company's stock worth $2,052,000 after acquiring an additional 1,016 shares during the period. Crestwood Advisors Group LLC bought a new stake in RBC Bearings in the third quarter worth about $215,000. Finally, Atria Investments Inc raised its position in RBC Bearings by 1.8% in the third quarter. Atria Investments Inc now owns 7,277 shares of the industrial products company's stock worth $2,179,000 after acquiring an additional 127 shares during the period.

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RBC Bearings Stock Up 1.3 %

Shares of RBC Bearings stock traded up $4.57 during trading on Friday, hitting $353.30. The company's stock had a trading volume of 102,175 shares, compared to its average volume of 142,395. 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 company has a fifty day simple moving average of $333.85 and a two-hundred day simple moving average of $313.92. The company has a market capitalization of $11.10 billion, a PE ratio of 48.53, a P/E/G ratio of 4.42 and a beta of 1.72. RBC Bearings Incorporated has a 52 week low of $241.43 and a 52 week high of $372.83.

Analysts Set New Price Targets

RBC has been the topic of several research reports. Bank of America lowered shares of RBC Bearings from a "buy" rating to a "neutral" rating and boosted their price target for the company from $330.00 to $335.00 in a research report on Thursday, November 21st. William Blair reaffirmed an "outperform" rating on shares of RBC Bearings in a report on Tuesday, November 26th. KeyCorp upped their target price on shares of RBC Bearings from $375.00 to $395.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Truist Financial upped their target price on shares of RBC Bearings from $351.00 to $410.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Finally, Morgan Stanley upped their target price on shares of RBC Bearings from $360.00 to $390.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, RBC Bearings has a consensus rating of "Moderate Buy" and a consensus target price of $361.20.

Insider Buying and Selling

In other RBC Bearings news, Director Michael H. Ambrose sold 400 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $362.89, for a total transaction of $145,156.00. Following the completion of the sale, the director now directly owns 6,728 shares in the company, valued at approximately $2,441,523.92. This trade represents a 5.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael J. Hartnett sold 2,500 shares of RBC Bearings stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $367.95, for a total transaction of $919,875.00. Following the completion of the sale, 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. Insiders sold a total of 10,900 shares of company stock worth $3,963,031 in the last three months. 2.60% of the stock is owned by corporate insiders.

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.