Curi RMB Capital LLC Boosts Holdings in RBC Bearings Incorporated (NYSE:RBC)

Curi RMB Capital LLC boosted its stake in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,830 shares of the industrial products company's stock after purchasing an additional 925 shares during the period. Curi RMB Capital LLC owned about 0.17% of RBC Bearings worth $15,804,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of RBC Bearings during the 4th quarter worth approximately $30,000. Golden State Wealth Management LLC bought a new stake in RBC Bearings during the 4th quarter worth approximately $38,000. UMB Bank n.a. lifted its position 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 purchasing an additional 79 shares in the last quarter. Harbor Investment Advisory LLC bought a new position in shares of RBC Bearings during the 4th quarter worth approximately $82,000. Finally, Venturi Wealth Management LLC increased its stake in RBC Bearings by 2,405.3% during the 4th quarter. Venturi Wealth Management LLC now owns 476 shares of the industrial products company's stock worth $142,000 after acquiring an additional 457 shares during the period.

RBC Bearings Trading Up 2.2 %

NYSE RBC traded up $7.06 during mid-day trading on Thursday, reaching $332.54. 91,316 shares of the stock were exchanged, compared to its average volume of 161,199. The stock has a 50 day simple moving average of $337.28 and a 200-day simple moving average of $322.75. RBC Bearings Incorporated has a one year low of $241.43 and a one year high of $372.83. 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 cap of $10.44 billion, a P/E ratio of 45.68, a P/E/G ratio of 4.42 and a beta of 1.60.

Analysts Set New Price Targets

A number of research firms have issued reports on RBC. Morgan Stanley lifted their target price on RBC Bearings from $360.00 to $390.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Truist Financial lowered 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. Finally, KeyCorp increased their target price on RBC Bearings from $375.00 to $395.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Three equities research 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.com, the company has an average rating of "Moderate Buy" and an average target price of $354.20.

Insiders Place Their Bets

In related news, Director Michael H. Ambrose sold 400 shares of the stock in a transaction 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 transaction, the director now directly owns 6,728 shares of the company's stock, valued at $2,441,523.92. This represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert M. Sullivan sold 8,000 shares of RBC Bearings 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 of the company's stock, valued at approximately $4,123,129.50. This trade represents a 41.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,900 shares of company stock worth $3,963,031. 2.60% of the stock is owned by corporate 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.