Vista Finance LLC Invests $246,000 in RBC Bearings Incorporated (NYSE:RBC)

Vista Finance LLC bought a new position in shares of RBC Bearings Incorporated (NYSE:RBC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 822 shares of the industrial products company’s stock, valued at approximately $246,000.

Other hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new position in shares of RBC Bearings during the fourth quarter worth approximately $30,000. Golden State Wealth Management LLC purchased a new position in RBC Bearings in the 4th quarter valued at $38,000. UMB Bank n.a. grew its position in RBC Bearings by 84.9% in the 4th quarter. UMB Bank n.a. now owns 172 shares of the industrial products company’s stock valued at $51,000 after buying an additional 79 shares during the last quarter. Harbor Investment Advisory LLC purchased a new position in RBC Bearings in the 4th quarter valued at $82,000. Finally, Blue Trust Inc. grew its position in RBC Bearings by 541.9% in the 3rd quarter. Blue Trust Inc. now owns 276 shares of the industrial products company’s stock valued at $83,000 after buying an additional 233 shares during the last quarter.

Insider Transactions at RBC Bearings

In other news, CFO Robert M. Sullivan sold 8,000 shares of RBC Bearings stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $362.25, for a total transaction of $2,898,000.00. Following the completion of the transaction, the chief financial officer now owns 11,382 shares of the company’s stock, valued at $4,123,129.50. The trade was a 41.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael H. Ambrose sold 400 shares of RBC Bearings stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $362.89, for a total value of $145,156.00. Following the transaction, the director now directly owns 6,728 shares of the company’s stock, valued at $2,441,523.92. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,900 shares of company stock valued at $3,963,031 in the last 90 days. 2.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on RBC. Morgan Stanley lifted their price objective on shares of RBC Bearings from $360.00 to $390.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. William Blair reiterated an “outperform” rating on shares of RBC Bearings in a research report on Tuesday, November 26th. KeyCorp lifted their price objective on shares of RBC Bearings from $375.00 to $395.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Bank of America lowered shares of RBC Bearings from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $330.00 to $335.00 in a research report on Thursday, November 21st. Finally, Truist Financial boosted their target price on shares of RBC Bearings from $351.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, RBC Bearings has a consensus rating of “Moderate Buy” and a consensus price target of $361.20.

RBC Bearings Price Performance

Shares of NYSE RBC opened at $363.80 on Friday. The firm has a market capitalization of $11.43 billion, a P/E ratio of 49.97, a PEG ratio of 4.90 and a beta of 1.58. RBC Bearings Incorporated has a one year low of $241.43 and a one year high of $372.51. The company’s fifty day moving average is $322.33 and its two-hundred day moving average is $306.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 3.43.

About RBC Bearings

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.