RBC Bearings Incorporated (NYSE:RBC) Receives Consensus Rating of “Moderate Buy” from Analysts

RBC Bearings Incorporated (NYSE:RBC) has been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $348.50.

RBC has been the topic of a number of research analyst reports. Bank of America downgraded RBC Bearings from a “buy” rating to a “neutral” rating and lifted their target price for the company from $330.00 to $335.00 in a research report on Thursday, November 21st. Truist Financial upped their target price on shares of RBC Bearings from $351.00 to $410.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. KeyCorp lifted their price target on shares of RBC Bearings from $375.00 to $395.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Morgan Stanley increased 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, February 4th. Finally, William Blair reissued an “outperform” rating on shares of RBC Bearings in a research report on Tuesday, November 26th.

RBC Bearings Price Performance

Shares of RBC stock opened at $361.80 on Monday. The firm’s 50-day moving average is $319.68 and its two-hundred day moving average is $303.97. RBC Bearings has a 12 month low of $240.36 and a 12 month high of $372.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 1.18. The company has a market capitalization of $11.36 billion, a PE ratio of 49.70, a price-to-earnings-growth ratio of 4.90 and a beta of 1.58.

Insider Buying and Selling at RBC Bearings

In other news, Director Michael H. Ambrose sold 400 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $362.89, for a total value of $145,156.00. Following the sale, the director now directly owns 6,728 shares in the company, valued at approximately $2,441,523.92. This trade represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RBC Bearings

Several large investors have recently bought and sold shares of the stock. UMB Bank n.a. increased its stake in shares of RBC Bearings by 416.7% during the third quarter. UMB Bank n.a. now owns 93 shares of the industrial products company’s stock worth $28,000 after buying an additional 75 shares during the period. R Squared Ltd acquired a new position in RBC Bearings during the 4th quarter worth approximately $30,000. Golden State Wealth Management LLC purchased a new stake in shares of RBC Bearings in the 4th quarter valued at approximately $38,000. Harbor Investment Advisory LLC acquired a new stake in shares of RBC Bearings in the 4th quarter valued at $82,000. Finally, Blue Trust Inc. lifted its position in shares of RBC Bearings by 541.9% during the 3rd quarter. Blue Trust Inc. now owns 276 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 233 shares during the last quarter.

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.