RBC Bearings Incorporated (NYSE:RBC) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG trimmed its holdings in RBC Bearings Incorporated (NYSE:RBC - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,149 shares of the industrial products company's stock after selling 1,316 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in RBC Bearings were worth $2,737,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RBC. Alliancebernstein L.P. grew its holdings in RBC Bearings by 3.0% in the fourth quarter. Alliancebernstein L.P. now owns 39,249 shares of the industrial products company's stock valued at $11,741,000 after purchasing an additional 1,143 shares during the period. Axiom Investors LLC DE grew its stake in shares of RBC Bearings by 55.0% during the 4th quarter. Axiom Investors LLC DE now owns 42,040 shares of the industrial products company's stock valued at $12,576,000 after buying an additional 14,916 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of RBC Bearings by 27.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,561 shares of the industrial products company's stock worth $467,000 after buying an additional 332 shares during the period. Pictet Asset Management Holding SA grew its position in RBC Bearings by 14.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,896 shares of the industrial products company's stock valued at $1,165,000 after acquiring an additional 477 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in shares of RBC Bearings in the 4th quarter worth about $1,896,000.

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Wall Street Analyst Weigh In

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

RBC Bearings Stock Down 2.6 %

NYSE:RBC traded down $8.34 during trading hours on Friday, hitting $308.85. The stock had a trading volume of 396,933 shares, compared to its average volume of 158,602. The business has a 50 day simple moving average of $345.86 and a two-hundred day simple moving average of $320.54. RBC Bearings Incorporated has a 1-year low of $241.43 and a 1-year high of $372.83. 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 company has a market cap of $9.70 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 4.42 and a beta of 1.60.

Insider Activity at RBC Bearings

In other news, Director Michael H. Ambrose sold 400 shares of the firm'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 transaction of $145,156.00. Following the completion of the sale, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $2,898,000.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,900 shares of company stock valued at $3,963,031. Corporate insiders own 2.60% of the company's stock.

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.