RBC Bearings Incorporated (NYSE:RBC) Shares Acquired by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc raised its stake in shares of RBC Bearings Incorporated (NYSE:RBC) by 27.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,970 shares of the industrial products company’s stock after acquiring an additional 430 shares during the period. Yorktown Management & Research Co Inc’s holdings in RBC Bearings were worth $589,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. grew its holdings in shares of RBC Bearings by 416.7% in the third quarter. UMB Bank n.a. now owns 93 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 75 shares in the last quarter. R Squared Ltd acquired a new position in shares of RBC Bearings in the fourth quarter valued at approximately $30,000. Harbor Investment Advisory LLC acquired a new position in shares of RBC Bearings in the fourth quarter valued at approximately $82,000. Blue Trust Inc. grew its holdings in shares of RBC Bearings by 541.9% in the third quarter. Blue Trust Inc. now owns 276 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 233 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of RBC Bearings by 1,003.7% in the third quarter. Quarry LP now owns 298 shares of the industrial products company’s stock valued at $89,000 after purchasing an additional 271 shares in the last quarter.

RBC Bearings Stock Up 0.3 %

Shares of RBC Bearings stock opened at $368.32 on Wednesday. The company has a market cap of $11.57 billion, a P/E ratio of 50.59, a PEG ratio of 4.81 and a beta of 1.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 3.43. RBC Bearings Incorporated has a one year low of $240.36 and a one year high of $371.00. The firm has a fifty day moving average of $318.05 and a two-hundred day moving average of $302.36.

Analyst Ratings Changes

RBC has been the subject of several analyst reports. William Blair reiterated an “outperform” rating on shares of RBC Bearings in a report on Tuesday, November 26th. Bank of America downgraded shares of RBC Bearings from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $330.00 to $335.00 in a research report on Thursday, November 21st. KeyCorp boosted their price objective on shares of RBC Bearings from $375.00 to $395.00 and gave the stock an “overweight” rating in a research report on Monday. Truist Financial boosted their price objective on shares of RBC Bearings from $351.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Morgan Stanley boosted their price objective on shares of RBC Bearings from $360.00 to $390.00 and gave the stock an “overweight” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $348.50.

About RBC Bearings

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.