Curated Wealth Partners LLC Increases Position in RBC Bearings Incorporated (NYSE:RBC)

Curated Wealth Partners LLC lifted its stake in RBC Bearings Incorporated (NYSE:RBCFree Report) by 1.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,989 shares of the industrial products company’s stock after purchasing an additional 32 shares during the quarter. Curated Wealth Partners LLC’s holdings in RBC Bearings were worth $595,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RBC. UMB Bank n.a. increased its position 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 buying an additional 75 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in RBC Bearings during the 2nd quarter valued at about $54,000. Benjamin F. Edwards & Company Inc. raised its position in RBC Bearings by 80.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 290 shares of the industrial products company’s stock worth $78,000 after acquiring an additional 129 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in RBC Bearings during the fourth quarter worth about $82,000. Finally, Blue Trust Inc. lifted 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.

Analysts Set New Price Targets

RBC has been the subject of several research reports. William Blair restated an “outperform” rating on shares of RBC Bearings in a research report on Tuesday, November 26th. KeyCorp raised RBC Bearings from a “sector weight” rating to an “overweight” rating and set a $375.00 price target for the company in a report on Friday, November 22nd. Truist Financial increased their price objective on RBC Bearings from $347.00 to $351.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Bank of America downgraded shares of RBC Bearings from a “buy” rating to a “neutral” rating and boosted their target price for the company from $330.00 to $335.00 in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.33.

Check Out Our Latest Analysis on RBC Bearings

RBC Bearings Stock Performance

NYSE RBC opened at $314.21 on Friday. The business’s 50-day moving average price is $317.28 and its 200 day moving average price is $300.06. The company has a current ratio of 3.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.38. RBC Bearings Incorporated has a twelve month low of $240.36 and a twelve month high of $346.77. The company has a market capitalization of $9.87 billion, a PE ratio of 45.87, a price-to-earnings-growth ratio of 4.45 and a beta of 1.57.

RBC Bearings (NYSE:RBCGet Free Report) last announced its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.29 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.01). RBC Bearings had a return on equity of 9.88% and a net margin of 14.06%. The company had revenue of $397.90 million for the quarter, compared to analysts’ expectations of $403.89 million. During the same quarter in the previous year, the company earned $2.07 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. On average, research analysts predict that RBC Bearings Incorporated will post 8.91 earnings per share for the current year.

RBC Bearings Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RBC Bearings (NYSE:RBC)

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