Bessemer Group Inc. boosted its holdings in shares of RBC Bearings Incorporated (NYSE:RBC – Free Report) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,865 shares of the industrial products company’s stock after buying an additional 7,315 shares during the quarter. Bessemer Group Inc.’s holdings in RBC Bearings were worth $37,607,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. increased its position in RBC Bearings by 4.6% during the third quarter. Assetmark Inc. now owns 563 shares of the industrial products company’s stock worth $220,000 after buying an additional 25 shares during the last quarter. Jones Financial Companies Lllp increased its position in RBC Bearings by 2.7% during the third quarter. Jones Financial Companies Lllp now owns 994 shares of the industrial products company’s stock worth $383,000 after buying an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in RBC Bearings by 27.1% during the third quarter. EverSource Wealth Advisors LLC now owns 122 shares of the industrial products company’s stock worth $48,000 after buying an additional 26 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in RBC Bearings by 0.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 10,070 shares of the industrial products company’s stock worth $3,930,000 after buying an additional 27 shares during the last quarter. Finally, Allworth Financial LP increased its position in RBC Bearings by 12.1% during the third quarter. Allworth Financial LP now owns 259 shares of the industrial products company’s stock worth $101,000 after buying an additional 28 shares during the last quarter.
Wall Street Analyst Weigh In
RBC has been the topic of a number of recent analyst reports. KeyCorp boosted their price target on RBC Bearings from $595.00 to $680.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $600.00 target price on shares of RBC Bearings in a research report on Friday, February 6th. Zacks Research raised RBC Bearings from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. Wall Street Zen downgraded RBC Bearings from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $542.00 target price on shares of RBC Bearings in a research report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $574.67.
RBC Bearings Price Performance
RBC Bearings stock opened at $570.05 on Friday. RBC Bearings Incorporated has a 12 month low of $350.58 and a 12 month high of $632.00. The stock’s 50 day moving average is $573.65 and its 200-day moving average is $512.45. The company has a current ratio of 1.86, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $18.02 billion, a price-to-earnings ratio of 67.06, a PEG ratio of 2.92 and a beta of 1.47.
RBC Bearings (NYSE:RBC – Get Free Report) last posted its earnings results on Friday, May 15th. The industrial products company reported $3.62 EPS for the quarter, beating the consensus estimate of $3.31 by $0.31. RBC Bearings had a return on equity of 10.86% and a net margin of 15.00%.The company had revenue of $518.00 million for the quarter, compared to the consensus estimate of $505.90 million. During the same quarter in the prior year, the business earned $2.83 earnings per share. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Equities research analysts expect that RBC Bearings Incorporated will post 11.43 EPS for the current year.
Trending Headlines about RBC Bearings
Here are the key news stories impacting RBC Bearings this week:
- Positive Sentiment: RBC Bearings beat quarterly earnings and revenue estimates, with especially strong growth in aerospace and defense sales, which is supporting investor optimism. RBC Bearings Incorporated Announces Fiscal Fourth Quarter and Full Year 2026 Results
- Positive Sentiment: The company issued first-quarter FY2027 revenue guidance of $500 million to $510 million, above the market’s expectation of about $497.3 million, suggesting management sees continued demand momentum. RBC Bearings forecasts $500m-$510m Q1 FY2027 revenue while targeting marine revenue doubling in 24-36 months
- Positive Sentiment: Management said it is targeting a doubling of marine revenue over the next 24–36 months, pointing to a longer-term growth opportunity beyond the current quarter. RBC Bearings forecasts $500m-$510m Q1 FY2027 revenue while targeting marine revenue doubling in 24-36 months
About RBC Bearings
RBC Bearings Incorporated is a global designer, manufacturer and marketer of highly engineered precision bearings and components for extreme applications. The company’s product portfolio includes cylindrical roller bearings, spherical plain bearings, ball bearings, track rollers, and engineered components such as metal-to-metal and polymer bearings. These products are tailored to meet the demanding requirements of aerospace, defense and industrial customers where reliability under severe conditions is critical.
The company’s bearings and components find application in aircraft engines, auxiliary power units, landing gear systems, space and missile programs, industrial gas turbines, oil and gas drilling equipment, and heavy machinery.
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