RBC Bearings Incorporated $RBC Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC decreased its holdings in RBC Bearings Incorporated (NYSE:RBC) by 4.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 271,726 shares of the industrial products company’s stock after selling 13,794 shares during the quarter. RBC Bearings accounts for approximately 1.4% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 7th largest holding. Stephens Investment Management Group LLC’s holdings in RBC Bearings were worth $106,052,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of RBC. Brown Advisory Inc. increased its position in shares of RBC Bearings by 4.7% in the second quarter. Brown Advisory Inc. now owns 685 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 31 shares in the last quarter. CWM LLC boosted its position in RBC Bearings by 12.9% during the 3rd quarter. CWM LLC now owns 289 shares of the industrial products company’s stock worth $113,000 after purchasing an additional 33 shares during the period. Vista Finance LLC increased its holdings in RBC Bearings by 4.1% in the 2nd quarter. Vista Finance LLC now owns 915 shares of the industrial products company’s stock valued at $352,000 after purchasing an additional 36 shares in the last quarter. Wedmont Private Capital raised its position in RBC Bearings by 6.2% in the third quarter. Wedmont Private Capital now owns 620 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 36 shares during the period. Finally, Apollon Wealth Management LLC lifted its stake in shares of RBC Bearings by 2.2% during the third quarter. Apollon Wealth Management LLC now owns 1,706 shares of the industrial products company’s stock worth $666,000 after purchasing an additional 37 shares in the last quarter.

RBC Bearings Stock Up 0.3%

RBC stock opened at $498.79 on Friday. The company has a current ratio of 3.18, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm has a 50 day simple moving average of $452.92 and a 200-day simple moving average of $412.84. The company has a market capitalization of $15.77 billion, a P/E ratio of 60.90, a PEG ratio of 3.33 and a beta of 1.53. RBC Bearings Incorporated has a twelve month low of $297.28 and a twelve month high of $502.34.

RBC Bearings (NYSE:RBC) last posted its quarterly earnings data on Friday, October 31st. The industrial products company reported $2.88 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.15. The firm had revenue of $455.30 million for the quarter, compared to the consensus estimate of $450.27 million. RBC Bearings had a net margin of 15.03% and a return on equity of 10.47%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.29 EPS. On average, equities research analysts predict that RBC Bearings Incorporated will post 9.16 earnings per share for the current fiscal year.

Insider Activity at RBC Bearings

In related news, Director Steven H. Kaplan sold 700 shares of RBC Bearings stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $443.00, for a total value of $310,100.00. Following the completion of the transaction, the director directly owned 1,999 shares in the company, valued at approximately $885,557. This trade represents a 25.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RBC. KeyCorp increased their target price on RBC Bearings from $475.00 to $535.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Bank of America upgraded shares of RBC Bearings from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $390.00 to $500.00 in a research note on Thursday, November 6th. Deutsche Bank Aktiengesellschaft set a $527.00 target price on shares of RBC Bearings and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Zacks Research lowered shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of RBC Bearings in a report on Monday, December 22nd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $489.17.

RBC Bearings Profile

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.