State of New Jersey Common Pension Fund D Purchases 457 Shares of RBC Bearings Incorporated $RBC

State of New Jersey Common Pension Fund D lifted its position in shares of RBC Bearings Incorporated (NYSE:RBC) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,277 shares of the industrial products company’s stock after buying an additional 457 shares during the period. State of New Jersey Common Pension Fund D’s holdings in RBC Bearings were worth $3,307,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of RBC Bearings by 38,860.9% in the first quarter. GAMMA Investing LLC now owns 201,428 shares of the industrial products company’s stock valued at $64,813,000 after purchasing an additional 200,911 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in RBC Bearings by 32.6% during the fourth quarter. Ameriprise Financial Inc. now owns 534,881 shares of the industrial products company’s stock worth $159,998,000 after purchasing an additional 131,614 shares during the last quarter. Nuveen LLC bought a new position in RBC Bearings in the first quarter valued at $20,847,000. Durable Capital Partners LP increased its stake in RBC Bearings by 1.9% in the 4th quarter. Durable Capital Partners LP now owns 2,631,346 shares of the industrial products company’s stock valued at $787,141,000 after buying an additional 48,287 shares during the last quarter. Finally, Northern Trust Corp increased its stake in RBC Bearings by 18.2% in the 4th quarter. Northern Trust Corp now owns 276,340 shares of the industrial products company’s stock valued at $82,664,000 after buying an additional 42,459 shares during the last quarter.

RBC Bearings Price Performance

Shares of RBC opened at $393.1690 on Thursday. The company’s 50-day moving average is $387.78 and its 200-day moving average is $361.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.33 and a quick ratio of 1.33. The firm has a market capitalization of $12.41 billion, a PE ratio of 49.52, a PEG ratio of 3.08 and a beta of 1.71. RBC Bearings Incorporated has a fifty-two week low of $272.50 and a fifty-two week high of $416.33.

RBC Bearings (NYSE:RBC) last announced its earnings results on Friday, August 1st. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.74 by $0.10. The business had revenue of $436.00 million during the quarter, compared to the consensus estimate of $432.63 million. RBC Bearings had a net margin of 15.20% and a return on equity of 10.14%. RBC Bearings’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.54 EPS. RBC Bearings has set its Q2 2026 guidance at EPS. Equities analysts forecast that RBC Bearings Incorporated will post 9.16 EPS for the current year.

Insider Transactions at RBC Bearings

In related news, Director Michael H. Ambrose sold 595 shares of the business’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $367.32, for a total value of $218,555.40. Following the completion of the sale, the director directly owned 6,985 shares in the company, valued at $2,565,730.20. The trade was a 7.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Daniel A. Bergeron sold 48,743 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $402.75, for a total value of $19,631,243.25. Following the transaction, the chief operating officer owned 111,134 shares in the company, valued at $44,759,218.50. The trade was a 30.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,716 shares of company stock worth $48,818,116 over the last three months. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

RBC has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of RBC Bearings in a research note on Wednesday, July 16th. They set a “buy” rating and a $480.00 price objective for the company. KeyCorp increased their price target on RBC Bearings from $405.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Zacks Research upgraded RBC Bearings from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 13th. Morgan Stanley reiterated an “overweight” rating and set a $415.00 price objective (up previously from $390.00) on shares of RBC Bearings in a research note on Tuesday, May 20th. Finally, Truist Financial increased their price objective on RBC Bearings from $431.00 to $455.00 and gave the company a “buy” rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, RBC Bearings has a consensus rating of “Moderate Buy” and a consensus price target of $425.17.

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.