RBC Bearings Incorporated (NYSE:RBC) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors grew its stake in shares of RBC Bearings Incorporated (NYSE:RBC) by 24.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,543 shares of the industrial products company’s stock after acquiring an additional 1,101 shares during the period. Captrust Financial Advisors’ holdings in RBC Bearings were worth $1,658,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Torray Investment Partners LLC lifted its position in shares of RBC Bearings by 0.3% in the 4th quarter. Torray Investment Partners LLC now owns 8,468 shares of the industrial products company’s stock worth $2,533,000 after buying an additional 28 shares during the last quarter. Curated Wealth Partners LLC lifted its position in shares of RBC Bearings by 1.6% in the 4th quarter. Curated Wealth Partners LLC now owns 1,989 shares of the industrial products company’s stock worth $595,000 after buying an additional 32 shares during the last quarter. Townsquare Capital LLC lifted its position in shares of RBC Bearings by 0.6% in the 4th quarter. Townsquare Capital LLC now owns 5,663 shares of the industrial products company’s stock worth $1,694,000 after buying an additional 36 shares during the last quarter. Argonautica Private Wealth Management Inc. lifted its position in shares of RBC Bearings by 3.4% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,399 shares of the industrial products company’s stock worth $418,000 after buying an additional 46 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of RBC Bearings by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 912 shares of the industrial products company’s stock worth $273,000 after buying an additional 47 shares during the last quarter.

Insiders Place Their Bets

In other RBC Bearings news, CFO Robert M. Sullivan sold 8,000 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 11,382 shares in the company, valued at approximately $4,123,129.50. The trade was a 41.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RBC. Morgan Stanley raised their price target on shares of RBC Bearings from $360.00 to $390.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Truist Financial reduced their price target on shares of RBC Bearings from $410.00 to $375.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, KeyCorp raised their price target on shares of RBC Bearings from $375.00 to $395.00 and gave the stock an “overweight” rating in a research report 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 MarketBeat, RBC Bearings currently has an average rating of “Moderate Buy” and a consensus target price of $354.20.

RBC Bearings Trading Up 1.6%

Shares of NYSE:RBC opened at $370.00 on Wednesday. RBC Bearings Incorporated has a fifty-two week low of $260.53 and a fifty-two week high of $372.95. The company has a market cap of $11.62 billion, a PE ratio of 50.82, a P/E/G ratio of 4.42 and a beta of 1.66. The company’s 50-day moving average price is $332.27 and its 200 day moving average price is $328.45. The company has a quick ratio of 1.18, a current ratio of 3.43 and a debt-to-equity ratio of 0.34.

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.