Hilltop National Bank Has $143,000 Position in RBC Bearings Incorporated (NYSE:RBC)

Hilltop National Bank reduced its holdings in RBC Bearings Incorporated (NYSE:RBC) by 9.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 478 shares of the industrial products company’s stock after selling 47 shares during the period. Hilltop National Bank’s holdings in RBC Bearings were worth $143,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Marco Investment Management LLC raised its holdings in RBC Bearings by 6.6% in the third quarter. Marco Investment Management LLC now owns 810 shares of the industrial products company’s stock worth $242,000 after purchasing an additional 50 shares during the period. Raymond James Trust N.A. raised its holdings in RBC Bearings by 2.6% in the third quarter. Raymond James Trust N.A. now owns 2,116 shares of the industrial products company’s stock worth $633,000 after purchasing an additional 53 shares during the period. SkyView Investment Advisors LLC raised its holdings in RBC Bearings by 1.6% in the third quarter. SkyView Investment Advisors LLC now owns 3,621 shares of the industrial products company’s stock worth $1,084,000 after purchasing an additional 58 shares during the period. UMB Bank n.a. raised its holdings in RBC Bearings by 416.7% in the third quarter. UMB Bank n.a. now owns 93 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 75 shares during the period. Finally, GAMMA Investing LLC raised its holdings in RBC Bearings by 17.5% in the fourth quarter. GAMMA Investing LLC now owns 517 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 77 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RBC. Bank of America lowered shares of RBC Bearings from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $330.00 to $335.00 in a report on Thursday, November 21st. Truist Financial raised their price objective on shares of RBC Bearings from $315.00 to $347.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. William Blair restated an “outperform” rating on shares of RBC Bearings in a report on Tuesday, November 26th. Finally, KeyCorp upgraded shares of RBC Bearings from a “sector weight” rating to an “overweight” rating and set a $375.00 price objective on the stock in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $324.67.

RBC Bearings Stock Down 1.0 %

RBC Bearings stock opened at $294.78 on Friday. The company has a market cap of $9.26 billion, a P/E ratio of 43.03, a price-to-earnings-growth ratio of 4.50 and a beta of 1.57. RBC Bearings Incorporated has a 1-year low of $240.36 and a 1-year high of $346.77. The company has a fifty day simple moving average of $316.78 and a 200 day simple moving average of $297.15. 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 (NYSE:RBC) last released 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). The firm had revenue of $397.90 million for the quarter, compared to analyst estimates of $403.89 million. RBC Bearings had a return on equity of 9.88% and a net margin of 14.06%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.07 earnings per share. Research analysts anticipate that RBC Bearings Incorporated will post 8.94 earnings per share for the current fiscal year.

RBC Bearings 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.