13,810 Shares in RBC Bearings Incorporated $RBC Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in RBC Bearings Incorporated (NYSE:RBC) in the fourth quarter, Holdings Channel reports. The fund acquired 13,810 shares of the industrial products company’s stock, valued at approximately $6,193,000.

A number of other large investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its stake in RBC Bearings by 154.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 310 shares of the industrial products company’s stock worth $139,000 after buying an additional 188 shares in the last quarter. Pinnbrook Capital Management LP lifted its holdings in shares of RBC Bearings by 911.3% during the 4th quarter. Pinnbrook Capital Management LP now owns 26,355 shares of the industrial products company’s stock valued at $11,818,000 after purchasing an additional 23,749 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of RBC Bearings by 344.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,223 shares of the industrial products company’s stock valued at $548,000 after purchasing an additional 948 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of RBC Bearings by 49.8% during the 4th quarter. IFP Advisors Inc now owns 436 shares of the industrial products company’s stock valued at $196,000 after purchasing an additional 145 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of RBC Bearings by 45.1% during the 4th quarter. Larson Financial Group LLC now owns 119 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 37 shares during the last quarter.

Analysts Set New Price Targets

RBC has been the subject of several analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $542.00 price objective on shares of RBC Bearings in a report on Monday, February 9th. Morgan Stanley increased their price objective on RBC Bearings from $600.00 to $640.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. KeyCorp increased their price objective on RBC Bearings from $595.00 to $680.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Zacks Research upgraded RBC Bearings from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, Wall Street Zen lowered RBC Bearings from a “buy” rating to a “hold” rating in a report on Sunday, April 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $584.00.

RBC Bearings Price Performance

NYSE:RBC opened at $559.54 on Tuesday. RBC Bearings Incorporated has a one year low of $351.19 and a one year high of $632.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.78 and a current ratio of 2.18. The firm has a market cap of $17.70 billion, a price-to-earnings ratio of 61.56, a PEG ratio of 3.22 and a beta of 1.47. The firm’s fifty day moving average is $574.09 and its two-hundred day moving average is $519.24.

RBC Bearings (NYSE:RBC) last posted its earnings results on Friday, May 15th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.31. RBC Bearings had a net margin of 15.37% and a return on equity of 11.35%. The business had revenue of $518.00 million for the quarter, compared to analyst estimates of $505.90 million. During the same period in the prior year, the company posted $2.83 EPS. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Research analysts expect that RBC Bearings Incorporated will post 13.64 EPS for the current year.

RBC Bearings Company 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.