Vista Finance LLC Takes Position in RBC Bearings Incorporated (NYSE:RBC)

Vista Finance LLC purchased a new stake in RBC Bearings Incorporated (NYSE:RBC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 822 shares of the industrial products company's stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC grew its stake in shares of RBC Bearings by 18.5% in the third quarter. Jane Street Group LLC now owns 16,536 shares of the industrial products company's stock worth $4,951,000 after purchasing an additional 2,584 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of RBC Bearings by 41.6% during the third quarter. Segall Bryant & Hamill LLC now owns 29,715 shares of the industrial products company's stock worth $8,896,000 after purchasing an additional 8,725 shares during the period. TimesSquare Capital Management LLC lifted its position in RBC Bearings by 17.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 90,605 shares of the industrial products company's stock valued at $27,125,000 after acquiring an additional 13,395 shares in the last quarter. Holocene Advisors LP raised its position in RBC Bearings by 69.4% in the 3rd quarter. Holocene Advisors LP now owns 12,396 shares of the industrial products company's stock valued at $3,711,000 after buying an additional 5,078 shares during the last quarter. Finally, State Street Corp lifted its position in shares of RBC Bearings by 2.4% during the third quarter. State Street Corp now owns 845,175 shares of the industrial products company's stock valued at $253,028,000 after purchasing an additional 19,962 shares in the last quarter.

Wall Street Analyst Weigh In

RBC has been the topic of a number of research analyst reports. KeyCorp boosted their target price on shares of RBC Bearings from $375.00 to $395.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Morgan Stanley boosted their target price on RBC Bearings from $360.00 to $390.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Bank of America cut RBC Bearings from a "buy" rating to a "neutral" rating and increased their target price for the company from $330.00 to $335.00 in a report on Thursday, November 21st. William Blair reaffirmed an "outperform" rating on shares of RBC Bearings in a research report on Tuesday, November 26th. Finally, Truist Financial lifted their price objective on RBC Bearings from $351.00 to $410.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, RBC Bearings currently has an average rating of "Moderate Buy" and an average price target of $361.20.

RBC Bearings Stock Up 0.3 %

RBC Bearings stock traded up $0.93 during mid-day trading on Wednesday, reaching $370.54. The stock had a trading volume of 96,264 shares, compared to its average volume of 152,686. The company has a 50-day moving average price of $324.36 and a two-hundred day moving average price of $308.16. The company has a market capitalization of $11.64 billion, a price-to-earnings ratio of 50.90, a PEG ratio of 4.89 and a beta of 1.58. 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.

Insider Buying and Selling

In other RBC Bearings news, CEO Michael J. Hartnett sold 2,500 shares of the business's stock in a transaction dated 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 directly owns 320,088 shares in the company, valued at $117,776,379.60. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael H. Ambrose sold 400 shares of the firm's stock in a transaction on 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 in the company, valued at approximately $2,441,523.92. This represents a 5.61 % 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. 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.