RBC Bearings Incorporated $RBC Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC decreased its stake in shares of RBC Bearings Incorporated (NYSE:RBC) by 10.8% during the fourth quarter, HoldingsChannel reports. The firm owned 12,791 shares of the industrial products company’s stock after selling 1,545 shares during the quarter. RBC Bearings makes up about 1.4% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 22nd largest position. Lisanti Capital Growth LLC’s holdings in RBC Bearings were worth $5,736,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. acquired a new position in RBC Bearings during the 1st quarter valued at approximately $26,000. SBI Securities Co. Ltd. increased its stake in RBC Bearings by 106.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 64 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 33 shares in the last quarter. Larson Financial Group LLC increased its stake in RBC Bearings by 148.5% during the 3rd quarter. Larson Financial Group LLC now owns 82 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 49 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in RBC Bearings during the 4th quarter valued at approximately $35,000. Finally, Root Financial Partners LLC acquired a new position in RBC Bearings during the 3rd quarter valued at approximately $36,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Zacks Research upgraded shares of RBC Bearings from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. KeyCorp increased their price objective on shares of RBC Bearings from $595.00 to $680.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Wall Street Zen lowered shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $542.00 price objective on shares of RBC Bearings in a research note on Monday, February 9th. Finally, Morgan Stanley increased their price objective on shares of RBC Bearings from $600.00 to $640.00 and gave the stock an “overweight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $584.00.

RBC Bearings Stock Down 1.3%

NYSE:RBC opened at $559.54 on Friday. The firm has a market capitalization of $17.70 billion, a P/E ratio of 61.56, a PEG ratio of 3.22 and a beta of 1.47. RBC Bearings Incorporated has a 1-year low of $351.19 and a 1-year high of $632.00. The company’s fifty day moving average price is $573.85 and its 200-day moving average price is $517.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.18 and a quick ratio of 0.78.

RBC Bearings (NYSE:RBC) last released its quarterly earnings data on Friday, May 15th. The industrial products company reported $3.62 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.31. The firm had revenue of $518.00 million for the quarter, compared to analyst estimates of $505.90 million. RBC Bearings had a net margin of 15.37% and a return on equity of 11.35%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.83 earnings per share. As a group, equities research analysts anticipate 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.