4,145 Shares in RBC Bearings Incorporated (NYSE:RBC) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new stake in shares of RBC Bearings Incorporated (NYSE:RBC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 4,145 shares of the industrial products company’s stock, valued at approximately $1,240,000.

Several other institutional investors and hedge funds have also recently modified their holdings of RBC. Barclays PLC grew its stake in RBC Bearings by 162.2% during the third quarter. Barclays PLC now owns 21,030 shares of the industrial products company’s stock valued at $6,296,000 after acquiring an additional 13,010 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of RBC Bearings by 33.6% during the 4th quarter. Park Avenue Securities LLC now owns 1,755 shares of the industrial products company’s stock valued at $525,000 after purchasing an additional 441 shares during the last quarter. UMB Bank n.a. grew its position in shares of RBC Bearings by 84.9% during the fourth quarter. UMB Bank n.a. now owns 172 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 79 shares in the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of RBC Bearings in the fourth quarter worth about $82,000. Finally, Curated Wealth Partners LLC lifted its position in shares of RBC Bearings by 1.6% in the fourth quarter. Curated Wealth Partners LLC now owns 1,989 shares of the industrial products company’s stock worth $595,000 after buying an additional 32 shares in the last quarter.

RBC Bearings Price Performance

Shares of RBC Bearings stock opened at $368.35 on Monday. The stock has a market cap of $11.57 billion, a price-to-earnings ratio of 50.60, a price-to-earnings-growth ratio of 4.42 and a beta of 1.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 3.43. The stock has a 50 day moving average price of $333.48 and a 200-day moving average price of $330.46. RBC Bearings Incorporated has a one year low of $260.53 and a one year high of $372.95.

RBC Bearings (NYSE:RBC) last posted its quarterly earnings data on Friday, May 16th. The industrial products company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.13. The business had revenue of $437.70 million for the quarter, compared to analysts’ expectations of $440.26 million. RBC Bearings had a net margin of 14.59% and a return on equity of 10.06%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.47 earnings per share. Equities analysts expect that RBC Bearings Incorporated will post 9.16 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on RBC. KeyCorp raised their price target on RBC Bearings from $375.00 to $395.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Truist Financial cut their target price on shares of RBC Bearings from $410.00 to $375.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, Morgan Stanley upped their price target on shares of RBC Bearings from $360.00 to $390.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, RBC Bearings has an average rating of “Moderate Buy” and a consensus target price of $354.20.

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.